Visualisation of Risk Models
Consulting Firm uses Immersive Tech to Better Understand Risks
One of the Big Four’s Risk and Assurance teams engaged us to develop innovation for its customers. The firm’s Dynamic Risk Assessment unit (DRA) utilises complex data modelling to identify and present business risks for their client organisations. The model applies relevant risk factors along with advanced mathematical algorithms to predict the impact and interdependence of the risks on the overall business environment. A custom application was developed using Microsoft HoloLens, allowing for Interactive 3D visualisation of the risk models, to improve the speed with which these models could be understood.
Prior to AR Adoption
Business Challenges AR Introduction Addresses
Given the complexity of the DRA model and the “contagion effect” of each risk factor, it is often challenging for business leaders to fully appreciate the implications and to derive the required recommendations.
Use Case with AR
Appearition worked closely with the consulting firm to help visualise the models using immersive Augmented Reality presented on Microsoft HoloLens. The goal was to enable users to fully appreciate the interactions of complex risk environments. Technical support and AR creative expertise services were provided to demonstrate the power of the DRA model and its suitability for commercial development.
Common Roles of Users
- Business leaders of client organisations
- Members of the Dynamic Risk Assessment team
- interactive 3D visualisation of the risk model made it faster for business leaders to understand the challenges posed to the business, and define appropriate courses of action for the various scenarios