Company Insight
Sponsored by myosh
The AI Bowtie from myosh - A new tool for risk management in the mining industry
myosh has introduced an AI-enhanced Bowtie tool designed to optimize risk management in the mining industry.
In the world of risk management, a Bowtie diagram is a visual tool used to identify, assess, and control risks. It resembles a bowtie shape, with a material unwanted event (MUE) in the middle, potential causes on the left side, and consequences on the right. Controls are placed along both sides to prevent the central event from occurring or to mitigate its impact. This structured approach is particularly valuable for analysing and managing the complex risks associated with mining operations.
A bow-tie diagram provides a visualisation of the relationship between initiating causes, preventative controls that reduce their probability of triggering the MUE, and the mitigating controls that reduce the severity of the potential consequences.
The myosh AI Bowtie tool
myosh has developed an AI Bowtie tool featuring AI assistance to enhance risk management outcomes in the mining industry. The tool is designed for a broad range of applications, from high-risk mining operations and workplace safety to environmental management and compliance initiatives. The integration of a pre-primed AI assistant offers the following broad benefits:
- Reduces delays in starting the process by making Bowtie construction more approachable.
- Potentially addresses blind spots that your team may not have considered. For example, the AI has knowledge of historical data and industry trends to identify emerging risks that may not be immediately apparent to the team.
- Speeds up the setup process by allowing you to assess and confirm rather than manually enter many diagram elements.
- Integrating the AI assistant directly into the tool greatly increases the efficiency of using AI-generated suggestions compared to querying an AI model separately.
Features supporting compliance and oversight
Current commercial AI models are trained to have vast knowledge of conceptual associations. This extensive knowledge base can be leveraged to ensure critical controls specific to mining operations—such as those for equipment safety, ground stability, and environmental protection—are not overlooked, thereby supporting operational safety. It can also enhance legal compliance by demonstrating a more comprehensive effort in identifying and implementing all necessary control measures tailored to mining regulations.
As a cloud-based interactive utility, the digital Bowtie tool facilitates collaborative input from multidisciplinary mining teams, eliminating the need for cumbersome file sharing or lengthy discussion threads.
Deep integration with comprehensive CCM
Critical control management (CCM) does not end with just a diagram. Suggested controls must be implemented, and mechanisms for verification of control integrity and for feedback of efficacy must be in place. The myosh platform already supports these functions with modules like
- Critical Control Management Module: Hosts records of your identified Hazard/MUE pairs, their associated threats/consequences, and their accompanying preventative/mitigating controls. It also hosts verification records that provide a digital audit trail of control oversight.
- Smart Inspections: Provides real-time updates on control statuses. For example, instantly adjust statuses, such as shifting from “Controlled” to “Do Not Proceed”, in response to new inspection data.
The key benefit of using myosh’s native digital bowtie utility on top of this is that the visual diagram can be translated into all the relevant Critical Control Management records with a single button click, after which smart inspection triggers can be configured with great flexibility using a separate suite of no-code configuration options.
The power of Bowtie analysis
From identifying hazards to streamlining critical control management, a Bowtie gives you a view of your risk profile, and the measures in place for prevention. It’s an essential tool for safety management, especially in ensuring compliance.
Download our guide to understand exactly how to build a Bowtie that works for you, and how digital tools can help automate compliance and monitoring.
Interactive and configurable cloud-based platform that allows all stakeholders to participate in the CCM strategy.
See it in action
Catch up on this webinar with Adrian Manessis, product lead and director at myosh.