On September 9, 2016 management of Smart Data Science LLC spoke to potential investors, their advisors, and our students by teleconference about their firm’s business prospects.
The company uses big data analytics for comprehensive risk management. This helps prepare governments, businesses and communities for the increasing number of shocks, stresses and disasters caused by man-made or natural factors. This data is incorporated into the strategic and operational decisions, credit ratings, investors reporting, regulatory filings, budget use and employee and public communications. FEMA now requires all state and local governments to have updated hazard Mitigation Plans. The SEC and EU mandate that companies report more data on ESG (environmental, societal and governance) risks and mitigation.
Currently, risk assessment and resiliency planning is usually done by expensive consulting firms that leave big studies that quickly go out of date. Smart Data Science LLC, based in New York, produces a digital risk management tool that brings continually updated big data analytics, machine learning & intelligent automation to this $5B+ fast-growing global market opportunity.
Its SaaS product offering was developed closely working with the World Bank and its pilot implementations include World Bank internal departments and its clients such as governments of Saudi Arabia and Djibouti.