Posted on Friday, October 9th, 2015 in Use cases

The concept of ‘resilience’ is rapidly becoming a memorable term, as well as a risk of being just that. Considering it has no generally understood definition, let alone measurable values. But what makes a city resilient? How does one determine levels of resilience?

Setting standards for resilience requires such multi-disciplinary perspective, that it calls for an intensive cooperation between scientists and professionals from complementary backgrounds. For them it is essential to have vertical expertise and at the same time have a horizontal vision. The report from the Urban Land Institute, ‘Returns on Resilience: The Business Case’, published October 7th, is a wonderful example of such synchronized and complementary expertise. The great news is that the report clearly motivates and specifies the business case for resilience and with that it supports the development of standards for a resilient society, which are desperately needed.

New forms of cooperation between network operators needed

At SIM-CI we believe a reliable, safe and smart critical infrastructure is the foundation for a resilient world. However, managing heavily interdependent network layers requires integral management and governance which have need for new forms of cooperation between network operators. Critical infrastructure networks are now mostly managed in silos, but many signs show cooperative explorations, for example in smart grid labs. To facilitate further cooperation, SIM-CI provides smart tooling that could, for instance, apply simulations to analyze risk interdependency, which in turn delivers insights for asset management and operation departments of network operators.

Incorporating resilience is a strategic decision that creates value as well as mitigating exposure at asset level and enterprise level.

The report profoundly conforms to our vision from that perspective. “Each case study reflects an awareness on the part of property developers, owners, and investors. Merging this with resilience is a strategic decision that both creates value and mitigates exposure at the asset level and the enterprise level”, as well as “Development approaches that anticipate future risks and integrate resilience planning into the design, construction, and maintenance of properties simply make good business sense. They result in assets, and ultimately, entire communities that have enduring value to developers, investors, and the people who live in them”, said RPIC chair Molly McCabe, president and founder of HaydenTanner LLC. This is an investment advisory firm focused on sustainable development.