Self-Healing Risk Solutions

I was having a discussion with a risk analyst only the other day about which industry sector does it best from a risk management perspective, be it Banking or Oil and Gas, Health, Aviation and so on.

Applied Markov Example

Dear Causal Capital, we have been reading the ISO 31010 guideline on a Markov Matrix in section B.24 of the risk assessment techniques guideline and the concept is a touch abstract to understand. Do you have an example on where this risk analysis technique can be used to improve decision making in the business, something that goes beyond just Risk Assessment from a Risk Management perspective.

Okay, in this short blog we'll take a quick look.