Green Quadrant Operational Risk Management Software 2019
Access this research
Access all Operational Excellence content with a strategic subscription or buy this single report
Buy now $3411.00
Buy Subscription
Need help or have a question about this report? Contact us for assistance
Executive Summary
This report provides a detailed fact-based comparison of the 17 most prominent operational risk management (ORM) software vendors. Based on the proprietary Verdantix Green Quadrant methodology, the analysis is based on two-hour live product demonstrations with pre-set scenarios and vendor responses to a 211-point questionnaire. To understand customer needs Verdantix conducted interviews with 16 software users from three countries, mainly representing high-risk industries such as oil and gas, petrochemicals, chemicals and construction and reviewed the data from a survey of 211 operations decision-makers. The analysis finds that the current operational risk management software market is populated with vendors with a variety of product strategies. Priority technology investments for customers over the next two years will focus on implementation of ORM software and its integration with IT systems and edge devices. The analysis of the software capabilities and market momentum of the vendors reveals that three vendors—eVision, Enablon and Petrotechnics—currently lead the market, whilst the other vendors have strong capabilities in specific areas such as control of work, barrier risk management, mechanical integrity and process safety management.
Table of contents
The State Of The Market For ORM SoftwareOperational Excellence And Industry 4.0 Strategies Drive The ORM Software Market
Three Primary Driver Encourage ORM Software Investment
Customers Plan To Integrate ORM Software Into A Broader OT/IT Landscape
Firms Have Invested In ORM Software To Tackle Multiple Usage Scenarios
Customers Consider A Wide Range Of Criteria When Evaluating ORM Software
Significant Variations In Brand Awareness Reflect The Impact Of Organizational Scale
Green Quadrant For ORM Software
Green Quadrant Methodology
Evaluated Firms : Selection Criteria
Evaluation Criteria For ORM Software
Cority Offers A Reliable Operational Risk Management Software To Executives In Safety Roles
DevonWay Stands Out With Its Unique Graph Database Technology To Deliver Superior Risk Management Analysis
DNV GL Offers A Plethora Of Products For Effective Process Safety And Operational Risk Management
Enablon Delivers A Powerful Platform For Process Safety And Operational Risk Management
Engica Provides Control Of Work And Asset Integrity Software For Hazardous Industries
eVision Establishes Itself As A Leading ORM Software Vendor For High-Risk Industries
Gensuite Focuses On IoT And Edge Technologies To Help Customers Achieve Their EHS And Operational Risk Management Priorities
j5 International’s ORM Software Gets Traction With Unique International Experience And A Strong Partner Network
Petrotechnics Offers One Of The Most Robust And Integrated ORM Software Solutions In The Market
ProcessMAP Maximizes Safety And Risk Value Proposition For Customers With Advanced Analytics And Rich Mobile Functionality
RAP International Provides Customers With Best-Of-Breed Control Of Work Software
RiskPoynt Delivers Unmatched Barrier Risk Management Software To Oil And Gas Customers
SAI Global Leverages Its Integrated Risk Management Capabilities For Industrial Assets
Sphera Strengthens Its Operational Risk Management Software Offerings Through Strategic Acquisitions
TenForce Offers An Innovative ORM Software Application With Impressively Broad Functionality
Vault Intelligence Offers A Strong Lone Worker Capability Through Wearable Integration
VisiumKMS Delivers Leading Process Safety Management Software To High-Hazard Industries
Table of figures
Figure 1. Factors Triggering Operational Risk Management Software ImplementationFigure 2. Significance Of Digital Technologies For Operational Risk Management by 2020
Figure 3. Penetration Of Operational Risk Information Management Systems In 2018
Figure 4. Evaluation Of Operational Risk Management Software
Figure 5. Operational Risk Management Software: Brand Preference Ranking
Figure 6. ORM Software Vendor Products And Versions
Figure 7-1. Capabilities Criteria For Operational Risk Management Software Applications
Figure 7-2. Capabilities Criteria For Operational Risk Management Software Applications
Figure 7-3. Capabilities Criteria For Operational Risk Management Software Applications
Figure 7-4. Momentum Criteria For Operational Risk Management Software Applications
Figure 8. Green Quadrant Operational Risk Management Software 2019
Figure 9-1. ORM Vendor Capability Scores
Figure 9-2. ORM Vendor Capability Scores
Figure 9-3. ORM Vendor Momentum Scores
Organisations mentioned
Accenture, ADNOC, AECO, AirLog, Akselos, AkzoNobel, Alstom, Arcadis, ASHOMCo, AspenTech, Australian Waste Management, AVEVA, Axiall, BAE Systems, Balfour Beatty, BARTEC, BASF, Baxter, Bayer Cropscience, Bentley Systems, BHP Billiton, Boeing, Borealis, Borouge, Bosch, BP, Bristol-Myers Squibb, Bumi Armada, CADMATIC, CBRE, CGI Group, Chevron, Chrysaor, CIRCOR, ConocoPhillips, Cority, Cudd Energy Services, DevonWay, DNR Process Solutions, DNV GL, Dolphin Energy, DuPont Sustainable Solutions, Eastman Chemical Company, ecom Instruments, EDF Energy, Enablon, Enbridge, Engica, Entergy, EPRI, Equinor, ERM, Esri, eVision, ExxonMobil, EY, FirstEnergy, Framatome, GE, GE Digital, Genesis Energy, Genstar, Gensuite, Google, Harley Davidson, HAZCO, Hexagon PPM, Hitachi, Huntsman, IBM, Idaho National Laboratory, IFS, Ineos, Innogy, INOVX, IntelliTrack, Intertek, j5 International, Jacobs Engineering Group, Jaspersoft, John Deere, Johnson Controls, JX Nippon Oil & Energy, Linde Group, LlamaZOO, Lockheed Martin, Los Alamos National Laboratory, Ludan Engineering, Luminant Comanche Peak Nuclear Power Plant, MDE Network, Mercedes-Benz, Metegrity, Microsoft, Mondelēz, National Grid, NOMAC, Nuclear Decommissioning Authority, Occidental Petroleum, OMV, OSHA, OSIsoft, OVSys, Penske, PepsiCo, PetroChina, Petronas, Petrotechnics, Pfizer, ProcessMAP, PX Group, Qatar Petroleum, RAP International, RasGas, RiskPoynt, Rivo Software, Rolls-Royce, ROSEN, SAI Global, Samsung, SAP, Saudi Aramco, Schneider Electric, Shell, Shikombiso, Siemens, Sipchem, SiteHawk, SKF, SparesFinder, Sphera Solutions, Spirit Energy, Strategic BCP ResilienceONE, Tableau, Talen Energy, TenForce, Texas Instruments, The Weather Channel, thyssenkrupp Elevator, Total, Tullow Oil, UL EHS Sustainability, US Department of Energy, Vale, Valvoline, Vault Intelligence, Verisk 3E, VisiumKMS, Water Watch, WesTrac, Witness Caterpillar Marine, Wolf Creek Nuclear Operating Corporation, Wolters Kluwer, Yara International, Yellowfin, Yemen LNG CompanyAbout the author
Related Reports
Not a Verdantix client yet?
Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.