Risk Analysis
Operate your business to reduce risk
ATS has world-class leaders in risk analysis. Our team has worked with large organizations such as Pacific Gas & Electric (PG&E), National Grid UK, and the United States military to reduce risk costs in their complex engineered systems.
Reduce Operating Risks
Every business operates with risk. Every system (physical and virtual) operates in an uncertain environment, which leads to failures. Some failures are small and inconsequential, such as the loss a single server. Some potential failures can be an existential threat to an organization, such as the loss of an aircraft or a catastrophic wildfire.
ATS has world-class leaders in risk analysis. Our team has worked with large organizations such as Pacific Gas & Electric (PG&E), National Grid UK, and the United States military to reduce risk costs in their complex engineered systems. Our services have saved these organizations tens of millions of dollars in risk costs.
Stay Current on the Latest Advances
We stay current on the latest advances in risk analysis, and even contribute to the cutting edge through our research and publications in top journals.
Our proprietary risk analysis suite, the Artificial Intelligence-Enabled Probabilistic Risk Analysis (AI-PRA) Suite, can perform powerful analysis, leading to actionable results.
Stay Current on the Latest Advances
We stay current on the latest advances in risk analysis, and even contribute to the cutting edge through our research and publications in top journals.
Our proprietary risk analysis suite, the Artificial Intelligence-Enabled Probabilistic Risk Analysis (AI-PRA) Suite, can perform powerful analysis, leading to actionable results.
Questions
Our Risk Analysis Helps Our Customers Answer Tough Questions
What is the mitigation effectiveness of various treatments to reduce the wildfire risk?
ATS utilized data on ignitions, faults, and wildfire mitigations from an electric utility to develop Bayesian models for measuring wildfire risk by network asset. Advanced methods allowed us to track the effectiveness of various wildfire mitigation strategies, including asset inspection, conductor hardening, vegetation management, and public safety power shutoffs (PSPS), both individually and in combination.
What is the optimal mix of wildfire mitigations to maximally reduce the wildfire risk in the most risk-spend efficient manner possible?
By combining our analysis of the effectiveness of wildfire mitigation methods with their costs, ATS created an efficient frontier comparing costs and effectiveness. This allowed us to recommend the most effective combinations of mitigations by asset or circuit within a given budget.
When should transformers be maintained or replaced to ensure maximum useful life while minimizing failure risk?
ATS worked with a large utility to perform data science on a large volume of conditions, failures, inspections, and maintenance datasets to build a predictive failure model. This model enabled operators to transition from schedule-based maintenance to proactive, predictive maintenance. As a result, overall asset life was extended, while also realizing fewer failures.