This article dives into the concepts of perspectives, their uses, and the importance they hold in data visualization and alert management.
Understanding perspectives is essential for managing data effectively, particularly in contexts where different users need tailored views and prioritizations.
What Are Perspectives on Prewave?
A perspective is a customized view specifically designed for a particular user or group of users within an organization. It provides a tailored filter, ensuring that the data displayed is highly relevant to their specific roles and responsibilities. This customization is key to preventing information overload by filtering out irrelevant data, allowing users to concentrate on the information that is most pertinent and valuable to their tasks. This approach not only enhances productivity and efficiency but also supports effective decision-making by aligning the data environment with the strategic needs and goals of different user groups.
Prewave covers over 120+ different event types in different categories, from Environmental Catastrophes to Human Rights and many others. Those event types are bundled together in Perspectives.
Use Cases for Perspectives
Perspectives can be categorized based on different focus areas, such as:
- Sustainability Focused Users: These users are interested in environmental and human rights data.
- Operational Disruptions Focused Users: Their primary concern is disruption data.
- Legal Compliance Focused Users: They need access to data that satisfies legal requirements.
Each perspective allows users to visualize data in a manner that makes sense for their specific needs, ensuring clarity and efficiency.
Importance of Perspectives
Perspectives play a crucial role in controlling the view of data for various users by:
- Perspectives can help to prioritise alerts. An alert/ event type can have a different impact on the scoring based on the selected perspective: While a Land conflict might be classified as a critical risk in the Sustainability perspective, it will have much less impact on the scoring in the Disruption perspective.Prewave offers featured perspectives based on common use cases. The scoring always reflects a supplier’s risk in relation to the selected perspective and its corresponding event types:
Customised perspectives can be created to fit your specific requirements. Any combination of available event types and weighting can be created. Contact your Customer Success Manager or the Customer Support team for more information.
Clicking on the link at the end of each perspective description leads to the detailed list of risk categories and event types.
All
The "All" perspective encompasses a holistic evaluation of events that may impact an organization across various dimensions, including consumer relations, environmental and social responsibility, cybersecurity, financial health, governance, humanitarian crises, industrial safety, labor relations, legal issues, natural disasters, operational continuity, political stability, and product integrity. This comprehensive perspective ensures that organizations can identify and mitigate risks from all possible sources, promoting resilience and sustainable growth.
➡️ Risk Categories and Event Types
Disruption
The Disruption Risks perspective focuses on identifying and managing events that can significantly interrupt an organization's operations, financial stability, and reputation. This perspective is vital for proactively addressing potential threats and ensuring business continuity in the face of various disruptive challenges.
➡️ Risk Categories and Event Types
Sustainability:
The Sustainability perspective is centered on evaluating and managing events that impact an organization's environmental, social, and governance (ESG) performance. This perspective is crucial for ensuring ethical operations, minimizing negative environmental impacts, and promoting social responsibility, thereby supporting long-term organizational resilience and stakeholder trust.
➡️ Risk Categories and Event Types
Sustainability ESG:
The Sustainability ESG (Environmental, Social, and Governance) perspective focuses on evaluating and addressing issues that affect an organization’s commitment to sustainable practices, social responsibility, and ethical governance. This perspective is essential for ensuring long-term value creation and aligning with stakeholder expectations in the areas of environmental stewardship, social equity, and transparent governance.
➡️ Risk Categories and Event Types
Financial & Legal:
The Financial & Legal Risks perspective encompasses a comprehensive assessment of events that may impact an organization's financial stability and legal standing. This perspective is critical for identifying, evaluating, and mitigating risks that could have significant financial repercussions and legal consequences.
➡️ Risk Categories and Event Types