Lloyd's Register Enhances Risk And Asset Management Expertise With Digital Innovations

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Executive Summary

This report forms one in a series covering technology and service providers in the operational risk management market, which is entering a new phase of growth and innovation. With a core business as a maritime classification society going as far back as 1760, Lloyd’s Register now focuses on improving safety and increasing the performance of critical infrastructure through certification and accreditation work, technical assurance, software and expert advisory services. For two decades Lloyd’s Register has offered a portfolio of IT products for risk assessment and asset reliability improvement. More recently, Lloyd’s Register has invested in digital technologies such as wearables for vital signs monitoring in workers, sensors for monitoring pipeline integrity and advanced text analytics to identify the most frequently occurring safety hazards. The firm has aggressive plans to embed digital innovations in its technical services propositions reflecting the need to engage a younger workforce and leverage industry 4.0 market growth opportunities.

Table of contents

Lloyd’s Register Invests In New Capabilities To Support High Hazard Industries
Lloyd’s Register’s Technology Portfolio Enhances Asset Reliability And Operational Risk Management   
Lloyd’s Register Has An Ambitious Digital Strategy To Enhance Asset Performance And Risk Management

About the authors

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on the digitization of Operational Excellence and covers operational risk technologies, best practices and growth strategies. Her recent research focussed on benchmarking the capabilities of the prominent operational risk software vendors. She has over 10 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

David Metcalfe

CEO

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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