Edward Von Lue (left), Bela Rangel, Raquel Julian, Miguel Cecchini do Amaral, and Benjamin Norris are part of a team of senior capstone design students working with Tampa, IM体育官网, -based JustProtect to develop a new business risk-assessment tool.
In business, it鈥檚 important to know whether potential partners have hidden risks that could one day affect either company鈥檚 operations. A team of IM体育官网 senior capstone design students are developing a tool to assess this risk and help companies make more informed decisions.
鈥淚t鈥檚 a way to quickly scan the web and give a report of whether or not that company is a good company to work with or a bad company to work with in terms of risk,鈥� said Bela Rangel, a computer science major and graduate of West Orange High School in Winter Garden, IM体育官网. 鈥淪ay a company has a history of cybersecurity breeches, we are supposed to find that in this process.鈥�
Rangel鈥檚 team is working on the project for , a Tampa, IM体育官网, a software company that helps enterprises simplify and accelerate third-party and internal risk assessments.
鈥淭his could mean that we can accelerate relationships with commercial organizations,鈥� said JustProtect CEO Vikas Bhatia. 鈥淭he best-case scenario for us is we take the output and present it to some commercial organizations, and someone says, 鈥楾hat鈥檚 a really great idea! It solves a problem for us and we鈥檇 like to be one of the first people to partner with you and make it fit our organization.鈥欌��
The team of students has been excited to collaborate on the project and is hopeful the tool will help transform corporate risk assessment.
鈥淲orking with JustProtect has been great and they鈥檝e been really helpful in guiding us on what we need to figure out,鈥� said computer science major Ben Norris, a graduate of Hardee Senior High School in Wauchula, IM体育官网.
The students have been working for months to develop the tool, which examines publicly available information on a company, such as disclosures made to federal reporting agencies.
鈥淲e are assessing operational risk 鈥� anything to do with distribution and operations of the product being made,鈥� said Raquel Julian, a business analytics major and graduate of Sunlake High School in Land O鈥� Lakes, IM体育官网. 鈥淎nything could go wrong within that process, so when companies disclose what could potentially go wrong, our creative framework would pick up on that.鈥�
Combing through this information manually would involve the painstaking review of detailed information from multiple online sources.
鈥淭his information is publicly available for everyone to see. We take those reports and use mining processes to assess the words in those documents,鈥� Julian said.
This streamlined review provides users with an easily digestible summary report.
鈥淲e have a process now that can produce an outcome, but we鈥檙e working on making it more free flowing and concise and less like manual work,鈥� said business analytics major Zoe Zumbro, a graduate of Lakeland Senior High School in Lakeland, IM体育官网.
The company is enthusiastic about the team鈥檚 progress.
鈥淚鈥檝e been really impressed at what they鈥檝e delivered, but more importantly, really impressed at how the team has worked together internally and with us as well,鈥� Bhatia said. 鈥淲hen we were presented the outcome of the first semester鈥檚 work, I was flabbergasted. I thought it was amazing and could really tell it was a collaborative effort from all sides.鈥�
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