Why is "Subject Matter Expertise" valuable in the FAIR process?

The value of "Subject Matter Expertise" in the FAIR process lies primarily in its ability to enhance the accuracy of findings and insights through specialized knowledge. When individuals with deep knowledge in a specific area are involved in the risk assessment process, they can provide nuanced understanding of the operational realities and potential vulnerabilities relevant to that context.

This expertise helps in accurately identifying and quantifying risks, as subject matter experts can recognize patterns, potential threats, and the nuances of risk factors that might not be apparent to those with less experience. Their input is crucial for generating realistic scenarios that reflect the true risk landscape, thereby leading to more informed decision-making and more effective risk management strategies.

Furthermore, such expertise allows for the application of relevant metrics and benchmarks that can guide the assessment process, enabling stakeholders to make comparisons with industry standards or historical data. Overall, the specialized knowledge brought by subject matter experts is essential for solidifying the credibility and effectiveness of the findings within the FAIR framework.