When Innovation Comes from Necessity: Building the Tools You Need
In a recent Wall Street Journal article, hedge fund giant Man Group revealed how they developed their own data analysis tool, ArcticDB, because nothing on the market could handle their massive data requirements. This story struck a chord with us at Dokainish & Company because it mirrors our own journey in developing Dokainish Project Risk™.
Like Man Group, we faced a fundamental challenge: existing tools weren’t meeting the complex needs of modern capital projects. While Man Group needed to analyze billions of stock price data points, we saw our mining and energy clients struggling with outdated approaches to risk management that weren’t scaling to meet the demands of multi-billion dollar projects.
When Existing Solutions Fall Short
Building What Doesn't Exist
Just as Man Group spent a decade developing ArcticDB to solve their specific needs in quantitative analysis, we invested significant resources in creating Dokainish Project Risk™. Our solution emerged from working alongside mining, infrastructure, and energy clients, understanding their challenges, and recognizing that true innovation would require building something entirely new.
From Internal Solution to Client Value
Our tool enhances our risk analysis capabilities and evolved into a powerful platform that’s transforming how our clients approach project risk. Mining companies use Dokainish Project Risk™ to dynamically assess global portfolio risks, while energy sector clients leverage it to evaluate highly complex project processes.
The Power of Purpose-Built Solutions
Man Group’s CTO described their tool as “industrial-scale crunching of enormous things that look a bit like Excel spreadsheets.” Similarly, Dokainish Project Risk™ takes the familiar concepts of risk assessment and transforms them into a dynamic, responsive system that can handle the complexity of modern capital projects.
The lesson here is clear: sometimes the best solutions come from practitioners who deeply understand the problem. When off-the-shelf tools don’t meet your needs, innovation becomes not just an opportunity, but a necessity.
Like Bloomberg’s adoption of ArcticDB, we’re seeing growing interest in Dokainish Project Risk™ because it solves real problems that project teams face every day. It’s not just about having better technology – it’s about having the right tool for the specific challenges of capital project risk management.
Are you ready to move beyond static risk reports and spreadsheets? Learn how Dokainish Project Risk™ can transform your approach to project risk management. Contact us today for a demonstration.
About Dokainish & Company
The capital project landscape is impacted with billions of dollars lost from cost overruns. Dokainish & Company stands out with a track record of building award-winning PMOs and lowering cost overages up to 200% on projects in energy, infrastructure, mining, construction, defense, and more. We are the category leaders in project controls and technology consulting. We are ISO 9001:2015 certified, minority owned, and maintain a 97% rate of client retention. We provide integrated project controls, project management, and change management services. Learn more at dokainish.com and follow @Dokainish&Company.
