Verdantix Launches New Operational Risk Research Solution for Asset Managers and Production Leaders
[Click image to enlarge]
Independent research firm Verdantix has launched a new operational risk research solution. The research assesses the potential for technology to enhance barrier management, risk planning and controls, process safety management, management of change and permit to work processes. Technologies covered by the Verdantix operational risk research solution include operational risk software, industrial wearables, drones, intrinsically safe devices, asset integrity systems, remote monitoring, digital twin asset models and risk analytics.
“Digital technologies are converging with operational equipment which is creating the potential to improve risk management for assets like oil rigs, chemical plants and power stations” said David Metcalfe, Verdantix CEO speaking at the Verdantix EHS Innovation Summit in Houston.
“Our operational risk research helps operations leaders in sectors such as chemicals, oil and gas and utilities to understand how they can enhance risk management across the asset lifecycle. Innovations like digital twin asset models, IoT sensors and Neo4j graph databases will significantly enhance operational risk frameworks,” added Metcalfe.
Clients with a subscription to the Verdantix operational risk research solutions can already access unique content including a Smart Innovators report which assesses 22 operational risk software vendors, a Tech Roadmap study which covers 20 categories of operational risk technology and case studies on vendors such as eVision, RiskPoynt and VisiumKMS. In July clients will have access to a benchmark survey on operational risk management conducted with 200 managers in operations, production and maintenance roles.
“This is a new software category. Controlling risks at the level of physical assets requires entirely different technologies compared to financial and IT tools offered by GRC vendors” said Verdantix Principal Analyst, Malavika Tohani.
“There is everything to play for in the operational risk management software market where projects often exceed $3 million and three quarters of vendors anticipate double digit growth in 2018. We’re also seeing system integrators like Accenture, Deloitte and Infosys target this market,” added Tohani.
About Verdantix
Verdantix is an independent research and consulting firm with a focus on innovative technologies that optimize business operations. We have expertise in environment, health, safety, quality, operational risk, as well as energy, real estate, facilities and maintenance.
To stop by Verdantix’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2018 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
