Application Of Computational Methods For Risk Assessment And Industrial Management

Computational techniques are now crucial for evaluating business risks and managing industrial works. Nowadays, business sectors utilize a range of computational methods to improve management systems by making well-informed decisions. Numerous methods, including cloud computing, machine learning, predictive maintenance, and the respective, have been found to be helpful in starting a business process that is efficient in recognizing and evaluating hazards within the company. A secondary systematic review has been conducted in this study with thematic analysis that has focused on such critical components. Furthermore, the market expansion for these computational techniques has projected that their utilization is growing steadily and will continue to do so in the future. Thus, it is also possible to state that their efficacy in risk assessment and company management is justified.