Granularity with Monte-Carlo Simulation for Power and Utilities
Multiple key considerations around granularity when using a Monte-Carlo Simulation for Power and Utility companies.

Power & Utility companies operate a significant infrastructure, such as electric grids and gas pipelines that can have different risk profiles even at various grid of pipeline segment level. As a result, it is a relevant question whether a granular Risk Quantification can be achieved and operationalized. This video of our P&U series covers this topic from multiple angles. It demonstrates that it is possible to scale and granularize Risk Quantification even to the asset level, while providing an aggregate view for the business. It also covers that granularity can be achieved not just at the asset, or Attack Surface, level, but in other risk dimensions as well. We then cover why the aggregation of granular risk analyses is tricky with a Monte-Carlo simulation and why an integrated model is needed for proper insights. Finally, we cover why it is useful for companies to apply Risk Quantification at a granular level.


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