Improving Industrial Safety: Tech For Real-Time Risk Controls

Published 29 July 2019 by Malavika Tohani & David Metcalfe &
Operational Excellence Operational Risk Management Software Real-Time Risk Management Strategic Focus

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Executive Summary

This report forms one in a series covering technologies which enhance operational risk management for industrial assets. Safety executives, reliability engineers and plant managers all face the same operational risks but apply different approaches to mitigating those risks. All these different stakeholders can benefit from the use of new technologies that control risks in real-time. Technology innovations such as sensors, wearables, digital twin simulations of industrial facilities, barrier risk management software and mobile apps provide real-time information about what could go wrong, what is about to go wrong or what has gone wrong, enabling executives at industrial facilities to proactively manage and mitigate risks.

Table of contents

Improving Industrial Safety: Tech For Real-Time Risk Controls
Many Industrial Accidents Could Be Avoided With Real-Time Risk Information   
Managers At Industrial Facilities Can Tap New Technologies For Real-Time Risk Management

About the authors

Malavika Tohani

Research Director

Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 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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