Verdantix Launches New Operational Risk Research Solution For Asset Managers And Production Leaders

LONDON–(BUSINESS WIRE)–Independent research firm Verdantix
today announces the launch of 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” stated 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.”

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” stated 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.”

Verdantix operational risk software research covers vendors like
Cresent, DNV GL, Enablon, Engica, Ideagen, Intelex, Isometrix,
Operational Sustainability, Optial, Petrotechnics, RAP International,
SAI Global, Sphera, Tenforce, UL EHSS, VelocityEHS and VisiumKMS. To
learn more about the market register for the forthcoming webinar “Managing
Operational Risks With A Technology Roadmap
” on Thursday May 31.

Contacts

Verdantix
Media
Paige Rigas, +1-347-338-1261
prigas@verdantix.com