Industry Benchmarking refers to the ability for customers to compare their resilience by asset type to other like-enterprises.
Conventionally
Industry Benchmarking refers to the ability for customers to compare their resilience by asset type to other like-enterprises, much like a financial index or a credit score.
Scores and metrics can feel abstract without being able to see them in context with others. We utilize industry benchmarking to help users understand their performance relative to others.
Whether a user is interested in comparing like properties nearby (such as other industrial properties in their city), or wants to understand an average over an entire industry (such as U.S. logistics companies), benchmarking helps customers understand how to take action on their vulnerabilities.
Challenge
Resilience metrics can be useful on their own, but they are easier to interpret if users have information about how others in the market are performing. We map resilience across an industry, so that clients can see the full landscape, and how their peers are mitigating risk.
Through benchmarking, we can transform numeric measures, like a score out of 100, and contextualize them with market analysis. We create a resilience yardstick for BCP professionals, analysts and asset managers to see how they measure up to their peers.
Solution
Our benchmarking service helps our clients understand where they align with the industry standard by presenting a compendium of resilience scores drawn from the trillions of data points in our platform. Users can appraise their resilience statistics against similar asset types, and make a plan to close any gaps in their resilience planning.