APM And EHS Vendors Should Boost Operational Risk Capabilities Through Acquisition
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Software that improves risk management for industrial assets has been available for more than 20 years. On a standalone basis, the technology did not manage to ‘cross the chasm’ from visionary early adopters to the more pragmatic early majority. Nevertheless, customers continue to invest in standalone operational risk management (ORM) products and other applications that improve industrial risk management that are sold by EHS and APM vendors. In the past six months (autumn 2018 to spring 2019), there were three major specialist ORM software acquisitions by EHS and APM software vendors looking to expand their product breadth and depth and take advantage of the growing ORM software market opportunity. APM and EHS software vendors should acquire ORM software specialists to offer customers an integrated platform that enhances safety, operational efficiency and asset reliability.
Table of contentsOperational Risk Management Issues Rise Up The Agenda
Recent Acquisitions Have Restructured The ORM Software Market Landscape
Dedicated ORM Software Vendors Struggle To Take Advantage Of The Burgeoning Opportunity
EHS And Industrial Software Vendors Should Buy ORM Software Providers