The Future Direction Of Operational Risk Management Software
Access this research
Access all Asset Performance Management Software content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
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.The Future Direction of Operational Risk Management Software
A Multitude of Vendors Have Developed Operational Risk Management Software
Usage Scenarios For Operational Risk Software Point To A Big Value Proposition
Delivering The Full Operational Risk Value Proposition Is A Complex Technology Challenge
ORM Software Architecture Puts Digital Twin Models At The Core
Graph Databases Will Help To Solve The Data Connectivity Challenge
Digital Twin Models Provide The Core Capability For Dynamic Risk Analysis
Integrated Risk Assessment Systems Facilitate Production Increases
Diverse Interfaces Maximise Engagement Of Specialist User Groups
Figure 2. The Operational Risk Management Software Value Proposition
Figure 3. Operational Risk Management Software Product Architecture
About the Author
David Metcalfe
CEO and Co-Founder
David is the CEO and co-founder of Verdantix, where he leads the firm’s strategic direction and client engagement. Since co-founding the firm in 2008, David has built a ...
View ProfileOther related content
Industrial leaders face increasing pressure to allocate limited budgets effectively while delivering tangible results across operations, maintenance, and production. This webinar w...
Upcoming / 09 April, 2026
Industrial firms around the world are being hammered by operational dislocations and disruptions. Labour shortages, supply chain chokepoints, fast-changing import tariffs, rapid sh...
Upcoming / 25 March, 2026
Verdantix data shows that 62% of capital project firms own software for the purpose of managing financial risk, with a further 31% either outsourcing the software or relying upon s...
Upcoming / 24 March, 2026
The dream is finally becoming reality - real-time, AI-driven recommendations for frontline workers that also prompt and synchronize action across the rest of manufacturing operati...
Upcoming / 11 March, 2026
At the beginning of February, the DTECH International conference in San Diego brought together utility executives, technology providers and system integrators from across the globa...
12 February, 2026
Labour and skills shortages have shifted from a cyclical concern to a structural constraint for industrial firms globally. Across manufacturing, energy, utilities and process indus...
12 February, 2026