Three Usage Scenarios Drive Industry Demand For ORM Software

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Executive Summary

This report helps heads of strategy, marketing and product at operational risk management (ORM) software vendors to determine demand for their products in different industries. The survey findings also help managers in engineering, maintenance and operations roles to understand if they are falling behind their peer group on digitizing operational risk management. Operational excellence managers’ appetite for ORM software varies significantly by industry: in three industries, over 47% of respondents say that ORM software is significant; in three other industries, 35% responded that ORM software is significant; and, finally, within six of the industries there are fewer than 26% of respondents who view ORM software as significant for their operational excellence initiatives. There is a correlation between this variation in appetite and how the different industries use ORM software, with construction firms primarily using control of work modules, oil and gas deploying fully integrated platforms, and the rail sector deploying barrier risk management modules for seamless operator changes.

Table of contents

Operational Excellence Managers’ Appetite For ORM Software Varies By Industry
Positive Engagement With Software For Industrial Risk Management Varies Significantly
Three Usage Scenarios Explain Variations In The Perception Of ORM Software

Table of figures

Figure 1. Significance Of Operational Risk Management Software By Industry

About the authors

Sebastian Winter

Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management software, and connected worker platforms. Sebastian also delivers market strategy, voice of the customer, thought leadership, CDD, and digital strategy advisory pieces. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Global, and held positions in China, Brunei and Kenya. Sebastian holds an MSc Environmental Technology from Imperial College London.

David Metcalfe


David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital strategies to C-level executives at technology providers, partners at private equity firms and function heads at large corporations. His current focus is on helping clients understand their market opportunity tied to ESG investment trends and their impact on corporate sustainability strategies. During his 12 years running Verdantix – including 4 leading the New York office – he has helped dozens of clients grow their businesses through fund raising, acquisitions and international growth. David was previously SVP Research at Forrester and Head of Analysis & Forecasting at BT. He holds a PhD from Cambridge University and also worked as a Research Associate at the Harvard Business School.

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