Business is unpredictable. Even the giant players in the business world are hit by unforeseen problems from time to time. With natural hazards and human-induced disasters occurring more and more frequently, it is hard for businesses to foresee the expansive and evolving threats and fend them off.
Therefore, every business needs a robust risk management framework which can effectively manage every risk that could confront an enterprise. This is where AIP Risk Consulting Pte. Ltd. (AIP), a prominent global security and risk consulting services firm steps in. Headquartered in Singapore, the leading company assists clients to develop resilience to security risk and business risk for their assets, infrastructure, facilities, organizations, and personnel. AIP stands for Asset & Infrastructure Protection, which is exactly what this company aims to offer to its clients.
A Successful Transition from a Local Setup to Globally Recognized Firm
Started in 2014, AIP Risk Consulting Pte. Ltd has grown by leaps and bounds. It started its journey as a local setup in Singapore with a vision to help companies in predicting, measuring, and managing associated risks. However, building a good reputation and popularity for improving client approach was a major challenge for AIP at that moment.
Against all the odds, Isaach Choong, the Founder and Managing Director of AIP and his team greatly worked towards branding and market positioning and managed to secure contracts close to a million dollars. In late 2017, AIP Risk Consulting Pte Ltd made a successful transition from a local setup to a regional provider of quality security and risk consultancy services by expanding in Asian countries like Malaysia, Indonesia, Hong Kong & the Republic of China (Taiwan).
However, its success story didn’t end there. Soon it thrust into the limelight when AIP was featured along with big security giants including AECOM, BAE Systems, Honeywell, IBM, Kaspersky, McAfee and Thornton Tomasetti as a competitive solutions provider in Smart Resilience report.
A Detailed Approach for Threat, Vulnerability and Risk Assessment
Isaach explains, “The foundation of AIP’s offerings is Threat, Vulnerability and Risk Assessment (TVRA), a systematic approach which uses specific tools to gather information for analyzing the vulnerabilities and its aftereffects in an organization.”
“Organizations might be aware of their strengths, but most of them fail to measure or analyze whether how strong or weak is the existing security measure. A risk management approach using TVRA will be able to decipher all these question marks including situations ranging from unauthorized access, insider threats, sabotaging or even terrorist attacks,” he adds.
The TVRA process begins with analyzing the factors such as an organization’s surrounding environmental elements including chances of flooding, earthquake, or other political aspects. The team also measures the level of vulnerability that the organization is prepared for and how much more needs to be enhanced to meet the upcoming ones.
Then the client is provided with a list of risk profile and the risk ranking in accordance to the predetermined risk type, the priority of risk occurrence scenario, and the part of an organization facing the highest risk.
Aiming To Attain the Highest Level of Customer Satisfaction
AIP believes that along with exceptional skills and experiences in the industry, an unwavering determination is essential for establishing mutual understanding and respects from clients and fellow project member.
“In consultancy business, the key element to sustainable business is to secure returned customers who are not only satisfied with our services, they should be able to take back to their organization and apply advises and lessons learned from our engineers and consultants who are subject matter expert in the security and risk management field,” says Isaach.
The circumspection of the AIP team is highlighted by a scenario shared by Isaach, where an organization in Singapore faced issues that can disrupt the primary as well as the secondary power source at one go and lead to devastating aftereffects.
So, in association with the architects and engineers, AIP’s team decided to tackle the situation by placing the substations at a distance segregated from the UPS and generators. “We designed it keeping in mind that in any scenario the blast pressure from the source of detonation should not affect the generators and UPS of the building,” says Isaach.
Set To Expand Its Global Footprint
When asked about the future goals, Isaach says, “Looking to the future, the team of AIP believes that there is a suitable market condition with room to develop in Singapore. Therefore, it will use this opportunity and strive towards developing affordable and effective security solutions to clients.”
In addition, AIP is also working on some key strategies for expanding to overseas regions including the Middle East, East Asia, South East Asia, and Europe.
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AIP stands for Asset & Infrastructure Protection, which is exactly what this company aims to offer to its clients.
TVRA will be able to decipher all the question marks including situations ranging from unauthorized access, insider threats, sabotaging or even terrorist attacks.