During a drilling operation, measured data from the drilling operation may be received with a panistic inversion and risk estimate module. The panistic inversion and risk estimate module may generate a plurality of mathematical solutions from a panistic inversion that uses the measured data and one or more earth models. The one or more earth models having various parameters may be selected prior to drilling and/or while the drilling operation occurs. For each solution of the plurality of mathematical solutions generated from the panistic inversion, the panistic inversion and risk estimate module may determine if the measured data exceeds one or more probability risk thresholds associated with the drilling operation. If the measured data exceeds the probability risk threshold associated with the drilling operation, then the panistic inversion and risk estimate module may generate an alert.