Wolters Kluwer Further Bolsters Its Real-Time Risk Management Offering Through Partnership With Honeywell

Wolters Kluwer Further Bolsters Its Real-Time Risk Management Offering Through Partnership With Honeywell

Over the past four years, Wolters Kluwer, the Netherlands-headquartered information services provider, has made a string of acquisitions and partnerships to bolster their operational risk management (ORM) and environment, health, and safety (EHS) software offerings. The acquisitions of CGE, Enablon and, eVision have served as a sturdy base providing risk management, control of work and EHS capabilities. The partnerships compliment the acquisitions by bringing in further capabilities, such as the OSIsoft partnership, which opens the door for asset-intensive industrial facilities to inform their barrier risk models with real-time operational data.

In June 2020, the Enablon and Ernst & Young (EY) partnership announced Project Emerge – a digital solution to help businesses safely manage workplace operational challenges due to COVID-19. In a similar nature, the more recent partnership with Honeywell will see Honeywell’s IIoT connected devices be integrated with Enablon’s EHS and risk management software. Industrial facilities will be able to use Honeywell’s AI-driven body temperature scanners to ensure workers are asymptomatic and wearing appropriate personal protective equipment. The data captured is relayed back into Enablon’s EHS software system and analysed, with insights presented in the form of dashboards for easy understanding and comparison. The recent Verdantix event on COVID-19 Integrated Risk Management saw safety leaders, technology experts and Verdantix analysts discuss strategies on continuing normal business operations and adhering to new workplace safety rules during this pandemic. In order to enhance real-time risk management, it is important not only to implement digital technologies such as wearable devices, permit to work software and digital twin simulations but ensure that these technologies integrate and communicate with each other so that insights can be derived, actioned upon and followed up.

For more information on real-time risk management technologies, visit the Verdantix research portal.