Robotics

Engineers program marine robots to take calculated risks

We know far less about the Earth's oceans than we do about the surface of the moon or Mars. The sea floor is carved with expansive canyons, towering seamounts, deep trenches, and sheer cliffs, most of which are considered ...

Energy & Green Tech

Smart grids: Enhancing resilience

Robustness of urban infrastructures in situations of crisis mainly depends on stable power supply. This is a particular challenge when planning future smart grids that have to cope with volatile conditions anyway. Smart grids ...

Computer Sciences

The creative data interpreters

The ETH spin-off SpinningBytes programs software that uses machine learning not only to analyse but also to understand huge amounts of data. It enables customised solutions to be developed for numerous IT problems, and allows ...

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Risk

Risk is a concept that denotes the precise probability of specific eventualities. Technically, the notion of risk is independent from the notion of value and, as such, eventualities may have both beneficial and adverse consequences. However, in general usage the convention is to focus only on potential negative impact to some characteristic of value that may arise from a future event.

RISK can be defined as “the threat or probability that an action or event will adversely or beneficially affect an organisation's ability to achieve its objectives”[1]. In simple terms risk is ‘Uncertainty of Outcome’, either from pursuing a future positive opportunity, or an existing negative threat in trying to achieve a current objective.

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