Risk Assessment and Decision Analysis or RADAR is a very important field among the Research areas in Computer Science, which deals with risk management and accurate decision making processes. Risk Assessment and Decision Analysis is the process by which the quantity of risk is measured, with the help of probability. This helps in faster decision making process in fields where the computer is required to deal with Risk Assessment and Decision Analysis.
One of the most important technical achievements in the field of Research in Risk Assessment and Decision Analysis is the Bayesian Networking, which aims at making this process easier and less complicated. The process of decision making research deals with making tough decisions under uncertain and unpredictable circumstances, like the machines used in air traffic management. Some of the other examples of the areas where these kinds of technologies are used are financial and operating risk, legal risks and personal risk software.
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The companies, which are associated with the risk assessment and decision analysis in computers, base their research mainly on the basis of the user requirements, nowadays the need for such kind of software have increased. The reason for this is the increasing amount of risks and also the requirement to make quick decisions.
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With the growth of the industries based on risk assessment the number of organizations dealing with the subject has also grown. Even the legal aid firms have been employing the services of the Risk Assessment and Decision Analysis for coming to a particular decision regarding their work.
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