GPS Tracking is now a common technology used in everyday life.  In business, sport or domestic scenarios GPS tracking has totally changed the way we live our lives.

However, GPS Tracking has a significant role to play in Crisis Management.  As the satellite technology is introduced into various devices, such as Maritime Tracking devices, Military Tracking Devices and Vehicle Tracking devices we can give central communication bases better intelligence to help our troops on the ground in high conflict, remote areas.

Personal Tracking Devices can be used in everyday or high risk situations.

Consider remote aid workers for example who put themselves at risk just to help those less fortunate then ourselves.  Remote aid workers put themselves in high risk situations in foreign lands to deliver food, act as peace keeping parties and helping to educate those in 3rd world countries.  A personal tracking device could be the difference between an aid worker surviving or losing their life in a conflict situation.

Most personal tracking devices are small enough to be extremely discrete so as not to interfere with the primary tasks of the remote workers.  They allow for the position of the worker to be tracked through a central management team, but also offer the remote worker with a panic alert facility so if they enter a hostile environment they can alert the attention of the monitoring team.

Because personal tracking devices use GPS (Satellite) they are ideal for remote locations where cell phone technology just wouldn’t work.  This means that they will work in even the most remote locations in, for example, Africa and Eastern Europe.

Avoiding Crisis at all cost is a high priority, and through the use of inexpensive devices to help track employees you can avoid unnecessary injury, or even worse, loss of life.

Of course Personal Tracking devices aren’t just for use in remote locations.  Business travellers and VIP’s can also make use of them to help aid security and close protection teams.  They are multi-functional devices that can be used for everyday use, sporting events and travellers.

Watch the video related to risk management

In this clip from RiskTelevision.com, Patrick McDermott of Freddie Mac discusses the Freddie Mac enterprise risk management function.

Help answer the question aboutrisk management

What are the new developments in financial markets and risk management and how does this affect central banks?
Why and how would these changes affect the way a central bank acts as lender of last resort? Can the financial markets supply all the liquidity needed by banks?