The Future Direction Of Operational Risk Management Software

Executive Summary

This report provides operations and production leaders at asset intensive firms as well as executives at software vendors with an overview of the emerging direction of software products designed to improve operational risk management. Controlling risks to ensure plants operate efficiently, workers are safe and environmental accidents do not happen has been a responsibility of asset owners for decades. In recent years, COOs have come to realize that digital technologies can help keep risks under control and also boost production by digitizing cumbersome EHS processes, remotely monitoring equipment and running analysis of near real-time operational data. A slew of recent technology innovations has enabled IT systems integrators, software vendors and their customers to prove out the potential for a digitized risk management strategy for physical operations.