Exiger
Case Studies
IoT Implementation in Risk Management: A Fortune 500 Multinational Corporation Case Study
Overview
IoT Implementation in Risk Management: A Fortune 500 Multinational Corporation Case StudyExiger |
Platform as a Service (PaaS) - Application Development Platforms | |
Behavior & Emotion Tracking Leakage & Flood Monitoring | |
Operational Impact
The implementation of Exiger's DDIQ and Insight 3PM platform resulted in a number of operational benefits for the corporation. The company was able to run a globally consistent program, ensuring that all vendors and suppliers, regardless of their location, were subject to the same rigorous vetting and monitoring processes. This consistency improved the reliability of the company's risk management processes and increased confidence in the decisions being made. The automation of due diligence on low-risk subjects also freed up resources, allowing the team to focus on higher-risk areas. Overall, the new approach introduced by Exiger provided the corporation with an effective and efficient solution to manage their risk exposure. | |
Quantitative Benefit
The company saved over $750K annually in due diligence costs. | |
The company was able to reallocate their low-risk population to a third-party management partner, freeing up resources for other tasks. | |
The company was able to automate the due diligence on low-risk subjects, reducing the time spent on these tasks. | |