Risk-based prioritization for high-hazard industries

Can you see what matters most?

Insight Risk Systems turns the data you already hold into transparent, defensible risk decisions. Our patented analytics were built on hundreds of thousands of incident records from mining, power generation and construction, and our methods are published in peer-reviewed journals.

Book a discovery call Find your risk question

100,000s

incident records analyzed across mining, power and construction

100+ / 300+

mining operators and contractors, and subject matter experts, engaged in bowtie work

Patented

GapFinder analytics for human and organizational factors

On-site

Your data stays in your environment. No cloud uploads.

Led by Dr. Lianne Lefsrud, P.Eng., Risk, Innovation, and Sustainability Chair (RISC), University of Alberta. Recent work includes de-risking the hydrogen value chain in Canada, automated train inspection and enhanced train control systems.

Solutions for risk decisions

Which risk question keeps you awake?

Practical, defensible answers to the risk questions that fall between your existing tools. Every result is a decision you can trace, audit and explain.

Tiered Risk Prioritization for Capital and Operational Decision-Making

Figure Regulatory Change To Inspection Plan

Automatically Distill Complex Regulatory Requirements into Transparent, Traceable Inspection Plans

Figure Integrate Risk Management Efforts

Integrate Risk Management Efforts Across Diverse Operations and Geographies

Figure Metric Sprawl To Key Risk Indicators

Declutter Key Performance Indicators

Decision-Making Frameworks for Policy and Market Uncertainty

Diagram: assess the risk of each use case, identify gaps in codes, standards and regulations, and recommend revisions, giving a foundational regulatory framework

Risk-Based Evaluation of Regional Infrastructure Solutions (Like Hydrogen Hubs!)

The business case

Is risk management a cost or an advantage?

Effective risk management is an effortful non-event. It is hard to prove you prevented an accident that never happened. So look at what the evidence says. Across 18 case studies of workplace safety initiatives, researchers found average gains of:

82%

in safety performance

66%

in productivity

44%

in quality

71%

in cost benefits

Companies with mature risk management systems are valued as much as 25% higher. Yet only 3.4% of organizations have mature processes to identify, evaluate and manage their risks.

In sum: mature risk management is rare, which is exactly what makes it a differentiator. RISK-BASED PRIORITIZATION IS A BUSINESS STRATEGY, NOT JUST A SAFETY STRATEGY.

Read the business case ›

Sources: research on 18 case studies of workplace safety initiatives, and enterprise risk management maturity studies, as cited in What Is the Business Case for Safety? and What is the value of risk management?

Prefer the short version?

Turning your existing data into smarter risk decisions

Insight Risk Systems uses patented algorithms to analyze the data you already have, from policies and standard operating procedures to incident reports, surveys, inspections and interview transcripts. The result: insights you can act on.

What is the value of risk management?

Risk management is more than damage control. It maps a route through uncertainty, untangles cause and effect, and brings clarity to ambiguity, so leaders can act decisively.

Where does fear flourish in organizations?

When people are busier managing impressions than identifying hazards, your risk system has a blind spot. Be skeptical of green-only dashboards, stony silences and suspiciously good news. They may not signal a safe operation. They may signal a fearful one.

What do our partners say?

I mentioned to Lianne that I had some challenges in guiding diverse stakeholders to make fair decisions related to risks and setting up risk tolerability in regulations. In a few weeks, she e-mailed me with a list of high-quality papers on risk perspectives and social implications on risk tolerability, which guided me to look at risks from lenses beyond traditional safety engineering… Her co-authored paper ‘Framework for Developing Risk to Life Evacuation Criteria Associated with Landslides in Canada’ became one of the key references in AER’s Manual 017 that provides guidance on risk-based evaluation criteria for coal mine pit wall abandonment.

Hua DengSenior Regulatory Specialist, Alberta Energy Regulator (AER)

This collaborative project with CPKC, the NRC, and U of A is an excellent example of how large entities can work together to evaluate technology that can be integrated into future operations industry-wide. The technology improves innovation, efficiency, productivity, and the reliability and resilience of our transportation system as a whole. All factors that can positively impact the Canadian economy.

Kaveh KhalilianResearch Development Officer, Transport Canada Innovation Centre

Hydrogen energy, as a key component of clean energy, has become a focal point of current societal and industrial concerns regarding transportation safety. The topic of this paper closely addresses a core issue in this field, offering significant academic value and practical implications, and provides an important research reference for the future safety of hydrogen transportation.

ReviewerProcess Safety and Environmental Protection

Thank you again for organizing these two workshops. You truly answered my prayers after (our son) died and as we went through everything. I had so many questions and I felt that there were so many holes and grey areas in all that happened after. All I could think was; I wish we could some how change or better the systems that were in place to help other people/families after a work place fatality.

Motherof a deceased worker

Where do we start?

With a conversation, not a sales pitch. Think of Insight Risk Systems as a thinking partner. Every engagement comes back to three questions about each hazard:

ONE

Do I see it?

Is the hazard visible in your incidents, inspections, critical controls assurance and work planning?

TWO

Do I understand and tolerate it?

What human and organizational factors make weak controls or risky exposure seem acceptable?

THREE

How do I prevent or mitigate it?

Which layers of control actually carry the load?

Three ways to work with us

Visualize & Prioritize

For organizations with plenty of data but little clarity, i.e., serious incident and fatality (SIF) precursor identification, systems-level gap analysis, and dashboards that show executives and supervisors the top risks and leading indicators.

Integrate & Implement

For companies whose systems and programs don’t talk to each other, i.e., EHS, process safety, operational risk, asset management and HR brought into one risk-based structure, with leading indicators that roll up from workgroup to corporate KRIs.

De-risk & Demonstrate

For innovation projects, pilots and large capital projects, i.e., scenario analysis, field testing and quantitative risk assessment, plus evidence packages for regulators, boards and external stakeholders.

Not sure which fits? Book a discovery call What to expect from day one ›

Want the evidence first?

Sixteen free think pieces, case studies and one-page guides. Three good places to start:

Think piece by Dr. Lianne Lefsrud

Can you see what matters most?

100,000s

100+ / 300+

Patented

On-site

Which risk question keeps you awake?

Tiered Risk Prioritization for Capital and Operational Decision-Making

Automatically Distill Complex Regulatory Requirements into Transparent, Traceable Inspection Plans

Integrate Risk Management Efforts Across Diverse Operations and Geographies

Declutter Key Performance Indicators

Decision-Making Frameworks for Policy and Market Uncertainty

Risk-Based Evaluation of Regional Infrastructure Solutions (Like Hydrogen Hubs!)

Is risk management a cost or an advantage?

Prefer the short version?

Turning your existing data into smarter risk decisions

What is the value of risk management?

Where does fear flourish in organizations?

What do our partners say?

Where do we start?

Do I see it?

Do I understand and tolerate it?

How do I prevent or mitigate it?

Three ways to work with us

Visualize & Prioritize

Integrate & Implement

De-risk & Demonstrate

Want the evidence first?

What is the value of risk management?

The Hidden Risk: When Critical Controls Erode

Using Bowties to Visualize, Communicate, and Control High-Energy STKY Hazards

What is your data trying to tell you?