Schulich logo The word Schulich Schulich Wordmark The word Schulich with the words Leading Change Schulich Logo The Schulich logo Schulich 50th Logo The number 50 Search An icon depicting a magnifying glass Envelope An icon depicting an envelope Phone An icon depicting a phone Fax An icon depicting a fax machine Map Pin An icon depicting a map pin People An icon depicting two people Graduation Cap An icon depicting a graduation cap Menu An icon depicting three lines Close An icon depicting an X Arrow Up An icon depicting an upward facing arrow Arrow Right An icon depicting a right facing arrow Arrow Down An icon depicting a downward facing arrow Arrow Left An icon depicting a left facing arrow Plus An icon depicting a plus sign Minus An icon depicting a minus sign Chart An icon depicting a chart Book An icon depicting a book Envelope An icon depicting a stamped envelope Dollar Sign An icon depicting a dollar sign Briefcase An icon depicting a briefcase Page An icon depicting a single page Share An icon depicting three connected dots Alert An icon depicting a triangle with an exclamation point Calendar An icon depicting a blank calendar Event An icon depicting a blank calendar Add Event An icon depicting a calendar with a plus sign on it Event Details An icon depicting a calendar with a question mark on it Print An icon depicting a printer Comment An icon depicting a speech bubble Feed The RSS icon Details An icon depicting a page with three lines of text Facebook An icon depicting the Facebook logo Twitter An icon depicting the Twitter logo YouTube An icon depicting the YouTube logo LinkedIn An icon depicting the LinkedIn logo Instagram An icon depicting the Instagram logo Long Arrow Left An icon depicting an arrow pointing left Long Arrow Down An icon depicting an arrow pointing down Flexible Study Options An icon depicting a branching line Awards An icon depicting a ribbon Advisory Board An icon depicting a round table Graduate Diploma An icon depicting a graduation cap Professional Designations An icon depicting a certificate Academics An icon depicting an academic building Schulich Logo The Schulich logo Academics An icon depicting an academic building Globe An icon depicting the globe with an arrow circling it Globe An icon depicting the globe with an arrow circling it Award Ribbon An icon depicting a ribbon Teacher An icon depicting a teacher pointing at a blackboard Double Location An icon depicting two location pins Wireframe Globe An icon depicting a wireframe globe Airplane An icon depicting an airplane Play Icon in the shape of a play button as found on videos Full-time Icon representing a full-time program Part-time Icon representing a part-time program Full-time Accelerated Icon representing a full-time accelerated program Part-time Accelerated Icon representing a part-time accelerated program Program Details Icon representing program details Program Tuition Icon representing tuition and fees Career Opportunities Icon representing program details Accreditations Icon representing program accreditations Program Options Icon representing program options Requirements Icon representing program requirements Courses and Electives Icon representing program courses Faculty Icon representing program faculty Clubs Icon representing program clubs Courthouse Icon representing a courthouse Oil Icon representing an oil droplet Retail Icon representing a shopping bag Food Icon representing a fork and knife Construction Icon representing a hammer and wrench Person A silhouette of a person Person An outline of a person Folder An outline of a folder Pie chart An outline of a pie chart Graph An outline of a bar graph Save An arrow pointing into a box Play An outline of a play arrow Key An outline of a key Ticket An outline of a ticket Books Two books Computer A laptop computer Globe An outline of a globe Plane An outline of a plane Accelerated Program An outline of a fast-forward button Part-time Program An arrow arcing around a clock Viewbook An outline of an open book Medal A medal with a star Professor A lecturing professor Suit A person wearing a suit Laptop Laptop computer (by FlatIcon) Locked Closed Access Unlocked Open Access Google Scholar Google Scholar icon Calendar An icon depicting a blank calendar India An icon depicting a Indian landmark Report An icon depicting a briefcase Skip to content

Exigent partners with the Schulich School of Business to develop an AI-powered platform that evaluations the business impact of natural disaster management

  • Future Students
  • Current Students
    Undergraduate Students ›Graduate Students ›PhD Students ›
     › › › ›
  • Alumni
    • Mentorship & Volunteering ›

      Alumni Benefits ›

      Success Stories ›

      Common Questions ›

      Contact Alumni Relations ›

    • Alumni Events ›

      Global Alumni Chapters ›

      Alumni Services for Students ›

      Alumni Recognition Awards ›

    Overview ›Alumni Career Portal ›Online Community ›
     › › › ›
  • Donors
    • Ways to Support ›

      The Impact of Giving ›

      Sponsorship Opportunities ›

      Leaving a Legacy to Schulich ›

      Contact Development Office ›

    • Schulich Priorities ›

      The Schulich Annual Fund ›

      The Dean’s Society ›

      Tribute Giving ›

    Overview ›Donate Now ›
     › › › ›
  • Recruiters
  • Media
MySchulich
Schulich School of Business
  • Future Students
  • Current Students
    Undergraduate Students ›Graduate Students ›PhD Students ›
     › › › ›
  • Alumni
    • Mentorship & Volunteering ›

      Alumni Benefits ›

      Success Stories ›

      Common Questions ›

      Contact Alumni Relations ›

    • Alumni Events ›

      Global Alumni Chapters ›

      Alumni Services for Students ›

      Alumni Recognition Awards ›

    Overview ›Alumni Career Portal ›Online Community ›
     › › › ›
  • Donors
    • Ways to Support ›

      The Impact of Giving ›

      Sponsorship Opportunities ›

      Leaving a Legacy to Schulich ›

      Contact Development Office ›

    • Schulich Priorities ›

      The Schulich Annual Fund ›

      The Dean’s Society ›

      Tribute Giving ›

    Overview ›Donate Now ›
     › › › ›
  • Recruiters
  • Media
  • Programs
    & Courses
    • Program Finder ›
    • 5-Minute Suitability Questionnaire ›
    • Undergraduate

      BBA ›
      iBBA ›

      Master of Business Administration

      MBA ›
      MBA in India ›
      MBA / Juris Doctor ›
      MBA / MFA / MA ›
      Kellogg-Schulich Executive MBA ›

    • Specialized Masters Programs

      Accounting ›
      Artificial Intelligence ›
      Business Analytics ›
      Finance ›
      Health Industry Administration ›
      Management ›
      Marketing ›
      Real Estate & Infrastructure ›
      Supply Chain Management ›

    • Exchange

      Incoming Exchange and Programs ›

      Graduate Diplomas

      Post-MBA Diploma in Advanced Management ›
      Intermediate Accounting ›

      Doctor of Philosophy

      PhD in Administration ›

     › › › ›
  • Admissions
    • Undergraduate

      Apply Now ›
      Admissions FAQs ›
      Connect With Us ›
      Meet the Team ›

    • Graduate

      Apply Now ›

      Tuition Fees & Costs ›

      Application Tips ›

      Connect with Us ›

      Admission Events ›

      Meet the Team ›

    Admissions Requirements ›
     › › › ›
  • Faculty
    & Research
  • Student Life
    & Services
    • Case Competition Program ›
      Centre for Career Design ›
      Event Calendar ›
      Financial Aid ›

    • International Relations ›
      Libraries ›
      Services for Students ›
      Student Life at Schulich ›

     › › › ›
  • About
    • Our Dean ›

      Rankings ›

      Equity, Diversity, and Inclusion ›

      Case Competition Program ›

      Schulich Startups ›

      Year-End Report ›

      News & Events ›

      Contact Directory ›

    • Our Heritage ›

      Recruit at Schulich ›

      Work at Schulich ›

      Hospitality & Hotel Services ›

    Learn more about Schulich ›
     › › › ›
  • Executive
    MBA
    • Program Information

      Overview ›

      Program Details ›

      Schedule & Courses ›

    • Admission Requirements ›

      Tuition Fees ›

    Are you EMBA ready? ›Request a pre-assessment ›

     

    Contact us at 416-736-5486 or emba@schulich.yorku.ca​

     › › › ›
  • Executive
    Education
  • MySchulich

About

About › News & Events

  • ‹ News Feed
  • November 7, 2019

    Exigent partners with the Schulich School of Business to develop an AI-powered platform that evaluations the business impact of natural disaster management

    Technology and analytics provider joins forces with Canada’s top business school to build predictive analytics models and a trading platform to foster efficiency and collaboration in wildfire management

    Chicago, November 6, 2019 – Exigent, a leading technology provider and data-driven consulting organization, and the Schulich School of Business at York University have announced a partnership to create a predictive analytics model that identifies and forecasts supply and demand of necessary resources in a disaster related emergency. The model evaluates existing wildfire datapoints and feeds into an ad hoc trading platform which key stakeholders can use to option the right amount of services and supplies in the most cost-effective manner. The project aims to bring together local governments, insurers and medical supplies providers to collaborate and plan proactively for optimal disaster management. Available in June 2020, the platform is the first in a series of analytics tools that the Schulich School of Business and Exigent will develop to deliver on their core focus: turning data into actionable business intelligence and community-centric analytics products.

    The collaboration is part of the Masters in Business Analytics Program (MBAN) at Schulich. Students are working alongside Exigent’s data and business analysts to build a model that identifies the environmental, social and economic impact of wildfires in Canada, and subsequently the United States. Artificial intelligence is at the core of the team’s efforts to create their predictive tool, which will absorb and structure data, find and evaluate patterns, calculate impact and feed into a bespoke analytics tool.

    The Exigent-Schulich project aims to predict with a high degree of accuracy the supplies and services needed for effective disaster response, for example: the number of medical supplies or number of medical professionals needed in the event of a wildfire in a specific area with particular weather patterns. The highly-reliable predictive models feed data into a shared trading platform, where stakeholders can opt to acquire supplies at the best time with regard to price and preparedness. The predictive analytics model, coupled with the trading platform, will allow insurance companies to calculate the best premium, suppliers to accurately forecast medical supplies and local authorities to purchase the right amount of supplies at the best price. Should the disaster not strike a particular province or state, options can be then traded to those affected.  The option structure will keep prices low and incentivize suppliers to build inventory.

    Based on data from the Canadian Interagency Forest Fire Centre, more than 6,000 fires occur (on average) each year and destroy over 2.7 million hectares (6.7 million acres) of land. in 2018, in the Province of Ontario alone, the Canadian government spent $212 millionin combating forest fires. The infamous 2016 fire that burned much of Fort McMurray in northern Alberta cost insurance companies $3.58 billion. On the other side of the border, fires in the US burnt a massive 3.5 million hectare (8.8 million acres) in 2018, with the California Department of Insurance stating that, as of April 2019, insurance claims from the Camp, Hill and Woolsey Fires in November 2018 have exceeded $12 billion. The Exigent trading platform is estimated to cut costs by 20% and drive down premiums. More importantly, having an inventory of medical supplies available, and with improved predictive analytics, this tool also aims to reduce fire related injuries and resulting deaths, which have been rising in recent years.

    “The numbers are staggering and sadly we are reminded of the tragedy that wildfires cause more and more often, like in California just now, where entire communities face uncertainty and loss, both physical and emotional,” said David Holme, CEO of Exigent. “It’s shocking that collectively we are not using the huge amount of data available to make a difference, both on a social and business level. With Schulich, we are trying to shift attitudes towards data and provide a tangible platform for change for all stakeholders involved. From our own experience as data evangelists in the legal industry and with corporations, we know that demonstrating how data can save money – and lives in this case – is key to getting people on board. We are building a tool that gives incontrovertible proof of that.”

    Murat Kristal, Program Director of Schulich’s MBAN Program and an Associate Professor of Operations Management & Information Systems, added: “We’re very excited to give our students the opportunity to learn from industry leaders how to tangibly make a difference through data. Hands-on guidance from a company that handles global organizations’ complex data across departments and turns it into bottom-line results is invaluable.”

  • Related Posts

    Media Releases ›
  • Schulich - York University
    • Directions
    • Location Inquiries
    • Contact Directory
    • Event Calendar
    • MySchulich
  • Information for:

    • Future Students
    • Current Students Undergraduate
    • Current Students Graduate
    • Alumni
    • Donors
    • Recruiters
    • Faculty & Staff
    • Media
  • Go to:

    • About
    • Admissions
    • Faculty Listing
    • Student Life at Schulich
    • Services for Students
    • Wellness Suite
    • Privacy
    • Site Map
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
  • Instagram

© Copyright 2023 The Schulich School of Business, York University.