Is Your Company Heading for a “BP Type” Disaster?

Updated: November 01, 2010

According to what we have read in the papers all of these oil wells are designed to have redundant systems to virtually reduce or eliminate the chance of a system a.k.a. oil well failure. There has been speculation as to whether or not all the redundancies were in place for the Deepwater Horizon oil platform. There was discussion about how much investment was put into building a system/ oil rig that in spite of the depth would not fail and create this disaster.

One of the questions I have to ask is whether or not Entropy and the Chaos Theory weighs heavily on those individuals who are funding, designing and building these oil wells. It would appear that most of the efforts were put into preventing a failure of the system when in fact every system will essentially end up failing at some point or another, particularly when we talk about building something with a myriad of always changing conditions i.e. weather, ocean current, concrete manufacturer. If all your efforts are positioned to make sure that a system does not fail what do you do when it does fail?

The assumption of "never failing" is really the problem with this whole incident. The New York Times reports that there has been little advancement in oil spill cleanup technology since the two decade old Exxon Valdez oil spill. BP and I am sure the rest of the industry has invested very little in containing an oil spill while investing large amounts in deep well technology etc. Unfortunately, the government has not taken a position that would force oil companies to explore and develop oil spill technology containment so most companies assume that the risk and expense associated with a spill is considerably less long-term resulting in little short-term monetary investment.

Featured Research
  • Mobile Communication Showdown

    It's no secret that businesses are becoming agiler and employees are spending more time away from their desks. The question isn't should we get rid of our landlines, but how quickly can we replace them?However, staying connected with your colleagues, clients, and customers is absolutely essential for cultivating long-term, lucrative relationships that will help your company achieve success. more

  • Signs you are Ready for Mobile BI

    With workforces moving more and more mobile on a daily basis, it is essential to ensure that your company is able to arm your employees with the analytics that they need to succeed. 89% of business leaders believe that Big Data will revolutionize business operations in the same way that the internet did. These numbers show the trend towards investing in a BI system. more

  • 15 Ways to Optimize Your Contact Center

    We live in a time where customer experience is seen as an important competitive differentiator. Given this, wouldn't you like to make sure that your contact center is fully optimized to meet your business needs? Deciding to upgrade and optimize your contact center is a big step, and one that shouldn't be done without due diligence and plenty of research. more

  • Stress-Free Video Conferencing

    It should shock no one that video conferencing technology is an amazing tool to connect and engage with business contacts in a more personal and effective way. In fact, only 7% of how we communicate is through words, whereas a whopping 93% is through tone of voice and body language. To further the strength of video conferencing, 99% of professionals feel that by improving communication and collaboration, productivity will be positively impacted. more

  • The Best Business Phone Systems in 2017

    71% of people say they are more creative of people when they are able to collaborate on teams. Collaboration is essential to business success and has never been more impactful than today. As the number of conversations outside of face-to-face meetings and travel increases, it is important for you to invest in a phone system that will allow your business to flourish. more