Tech Roadmap For Operational Risk Technologies

Report
Asset Maintenance Software & Services
Field Services Management
Industrial Analytics & Data Management
Industrial Transformation Leaders
Specialist Industrial Transformation Solutions
Malavika Tohani
Malavika Tohani
01 May, 2018

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Executive Summary

This Tech Roadmap report clarifies the business value, pace of innovation and maturity of 21 operational risk technologies. Verdantix conducted a fact-based assessment of the maturity, investment case, future prospects and business value of each solution. Operations, facilities and EHS managers responsible for selecting technologies to support processes, systems and objectives should use this report to identify the technologies which can add value to their operations. This Tech Roadmap report covers software, personal protective equipment and digital devices. Technology categories covered include digital twin, digital wearables, augmented reality, dynamic barrier risk management software, quantitative and qualitative risk assessment software, incident management software, process safety management software, job hazard analysis software, inspection drones, mobile risk apps, competency management systems, operational risk software platform, asset integrity management software, predictive analytics, remote monitoring and management and process historians.

Introducing Tech Roadmap Analysis
Key Questions Answered By Tech Roadmap Analysis
Tech Roadmap Analysis Aligns Investments With Regulatory Compliance, Safety and Risk 

Tech Roadmap For Operational Risk Technologies
Defining The Market For Operational Risk Technologies

Methodology Overview           
Five Market Phases Segment Solution Maturity
Three Solution Life Cycles Differentiate Business Value
Solution Adoption And Success Influence Positioning
Pace Of Innovation Determines Time To Next Phase In The Life Cycle
Investment Decisions: How To Use The Tech Roadmap Analysis
Portfolio Management: How To Use The Tech Roadmap Analysis

Phase 1. Research And Development                       
No Technology Identified

Phase 2. Launch
2.1 Contractor Risk Management Software 
2.2 Digital Twin
2.3 Operational Risk Software Platform 
2.4 Digital Wearables 
2.5 Augmented Reality 
2.6 Dynamic Barrier Risk Management Software 
2.7 Predictive Analytics

Phase 3. Growth
3.1 Inspection Drones
3.2 Competency Management Systems
3.3 Permit To Work Software 
3.4 Risk Mobile Apps 
3.5 Quantitative Risk Assessment Software
3.6 Management Of Change Software 
3.7 Qualitative Risk Assessment Software 
3.8 Process Safety Management Software 
3.9 Job Hazard Analysis Software 
3.10 Incident Management Software 

Phase 4. Maturity
4.1 Remote Monitoring And Management 
4.2 Asset Integrity Management Software 
4.3 Process Historian 
4.4 Excel For Risk Analysis 

Phase 5. Decline
No Technology Identified

Figure 1. Tech Roadmap For Operational Risk Technologies
j5 International, Du Pont Sustainable Solutions, C3 IoT, SEMPCheck, EMEX, NASA, ERA Environmental, CMB Engineering, dorsaVi, Airsweb, Skeye, Dresser-Rand, Go-ARC, RectrixAS, Avilar, Parrot, Vuzix, Business Safety Systems, ABB, Kinetic, AGL Energy, Flyability, Falkonry, Chevron Phillips, Rockwell Automation, ThunderMaps, EU-OSHA, Airware, Microdrones, Predictive Solutions, BARTEC, SafeFlight, JSABuilder, SkySpecs, Credosoft, Aerovironment, VTOL Technologies, APSM, Valarm, Fitbit, COWI, Rio Tinto, ISNetworld, Avetics, ecom Instruments, Beakon, Adapt IT, IMCI Technologies, senseFly, SHE Software, PrecisionHawk, Triax Technologies, Think Eleven, UL EHS Sustainability, Aker Solutions, VisiumKMS, Sentera, Riskonnect, Kanepi, Blackline Safety, Capstone RBMI, IndustrySafe, Epson, Trumbull Unmanned, Soter Analytics, Primatech, Hexoskin, RiskPoynt, Google Glass, ETQ, SenseGrow, Yuneec, Intel, Strat Aero, Instancy, ITEM Software, TalentGuard, Frontline Data Solutions, TapRoot, TZOA, Alliant Corporation, Oracle, Avetta, BG Group, Exxon Mobil, Logical Safety, IQ Integrity, Aerobo, Optinvent, Diota, Vose Software, Texo Drone, Magellan Midstream Partners, PSI, Cm3, Amber Technical Solutions, Resolver, Zebra Technologies, Schneider Electric, IFS, Velappity, Huntsman Corporation, DroneView Technologies, DAQRI, Iconics, Cummins Rocky Mountain, OSHENS, Senseye, Cyberhawk, Williams Olefin Geismar, BasicSafe, Effective Software, Occupational Safety and Health Administration (OSHA), Xciel, BASF, Pisys, Metegrity, US Chemical Safety and Hazard Investigation Board (CSB), DNV GL, Upskill, Terra Drone, Maersk Oil, Recon Instruments, Integrum, NiSoft, Draganfly, Drones on Demand, ABS Group, Quantum Compliance, Cresent, Lexonis, Aerialtronics, Team UAV, SAP, Realwear, Barnwood Group, EasyM2M, BAE Systems, Scottish Hydro Electric Transmission, Network Rail, MetricStream, Cority, Aeronavics, Origami Risk, US EPA, Sphera Solutions, NeoSystems, MyZone, ENGIE, Dataiku, Dow Chemical Company, HAMS-GPS, Industrial Skyworks, Scope AR, S&W Technologies, Mangan Software Solutions, GE, VelocityEHS, Rail Safety and Standards Board, Ludic Group, Redpoint Positioning, Optalert, DroneBase, delair-tech, Vandrico Solutions, Extronics, Isograph, US Bureau of Labor Statistics, AssessNet, Optech4D, Achilles, AngloGold Ashanti, TIBCO Software, Total, Meta Software, Royal Dutch Shell, Hellios, SafetyStratus, Ultimo Software Solutions, OneFile, ROSEN Group, IsoMetrix, SafetyCulture, RAP International, Operational Sustainability, HMS Industrial Networks AB, Opito, Lloyd’s Register, InfluxData, AspenTech, DroneDeploy, CGE Risk Management, SkyX, Duke Energy, Fatigue Science, Across Safety Development, Mobexx, DJI, Aeryon Labs, Delta Drone, HANDS HQ, Garmin, Atheer, Safe Work Australia, Ideagen, Engica, eVision, LifeTech Engineering Ltd, SolarWinds MSP, Microsoft Hololens, Thyssenkrupp, Measure, IBM, Viper Drones, M2M Data Corporation, Enablon, Wi-Tronix, ProntoForms, GPP-Digi, Shell, 360factors, Equity Engineering Group, Intertek, Insitu, WaveOptics, Sky-Futures, Johnson Controls, APM Terminals, Siemens, Riskan, Airobotics, Gensuite, Panintelligence, Petrotechnics, Cognisco, EcoIntense, Risk Assessor, BHP Billiton, Cummins Inc, Reactec, Advanced Aerial Services, SAI Global, Heddoko, Acumen Mobile, Dakota Software, SPECTAIR, ioMosaic, ODG, TenForce, BP, Kespry, Rapid Global Software, Equivital, Deloitte, Encana, NordSafety, Coreworx, Safety Changer, Tata Consultancy Services, Globe Manufacturing, Spence Software, Dassault Systèmes, eCompliance, Alpha Industrial Drones, iProcess, Taulia, ASK-EHS, Sage Technology, DEKRA Insight, Honeywell, TNO, Sentrico, AT&T, Ayata, SwissVBS, PG&E, Health and Safety Executive (HSE), Rolls-Royce, Intelex, Enviance, Asset Integrity Engineering (AIE), Optial, TivaCloud, Verse Solutions, AssurX, ProcessMAP, E2G RBI, GEMsoft7, OSIsoft, Laster Technologies, SmartCap

About the Author

Malavika Tohani

Malavika Tohani

Research Director

Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef…

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