Industry Bosses Say a Digital Makeover Will Improve Operational Risk and Process Safety Management

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industry bosses say a digital makeover will improve operational risk and process safety management, according to petrotechnics survey

Aberdeen, UK, 24 October, 2018– Petrotechnics, the developer of Proscient – the hazardous industries’ first software platform for Operational Excellence, has released part two of its 2018 Operational Risk and Process Safety Management (PSM) report – suggesting a bright future as technology is expected to drive improvements in process safety and operational risk management (ORM).

In part one, insights from more than 100 senior industry leaders revealed significant areas of concern – including the impact the previous low oil price is still having on PSM and ORM, as well as disconnects between process safety intent and reality. Part two reveals the improved use of technology could make companies and their work teams safer.

When asked about the technology systems in use today, 84% of respondents reported using enterprise asset management (EAM) or maintenance systems (CMMS), 66% EHS software, 65% asset performance management systems (APM), and 52% enterprise resource planning (ERP) systems. However, these alone do not drive tangible improvements to process safety. In fact, only 40% believe companies have effective systems in place for managing impaired process safety barriers, and only 36% believe companies monitor and manage deviations from management system requirements or expectations. This is alarming given the industry’s regulatory requirements and corporate safety policy expectations.

Simon Jones, head of professional services at Petrotechnics said, “Overwhelming positivity has shone through from part two of this year’s survey, with senior leaders really thinking about the digital future. To make it a reality, companies need to glue together disparate management systems and present a common view of risk – an accurate reflection of what’s happening in the field or on the asset – and make it available for the entire organisation.”

“Industry 4.0 technology, IoT platforms, and ORM digital twin software are already starting to make a big difference. This change won’t happen overnight, but the attitudes illustrated in this year’s survey will fuel a digital process safety transformation with pace.”

Respondents predict the use of advanced digital technologies such as IIoT platforms, digital twins, predictive analytics, and mobile workforce applications to increase significantly in the future – nearly fivefold for the use of digital twins, with advanced analytics expected to more than double.

The report highlights a bright future for PSM and ORM, as enhanced technology strategy is expected to drive improvements in process safety effectiveness. Seventy-three per cent of respondents believe technology will make companies and their work teams safer by reducing vulnerability to high-potential near-misses and major hazard events. Eighty per cent said giving the workforce access to real-time process safety risk indicators on the plant would improve risk awareness and safety.

Methodology and participants

The 2018 survey was conducted online between May and July 2018. More than 100 individuals took part, of whom 53% have worked in process safety, asset integrity and operational risk for more than 15 years. In addition, 61% are responsible for managing corporate or regional process safety. The remaining respondents are responsible for single-site or asset process safety. Respondents represent companies of all sizes and are located around the world: in total, more than 80% are located in North America, APAC, Europe and the Middle East.

About Petrotechnics

Achieving world-class operational performance requires everyone in the organisation to make better, safer, and more-informed operational decisions. But it requires a new way of working that must be underpinned by a new kind of technology. Technology that gives every decision-maker an integrated, shared view of the entire operational reality – in real-time.

For nearly 30 years, Petrotechnics’ integrated operational excellence solutions have allowed operators in hazardous industries to collaborate across functional boundaries, automate key business processes, and eliminate the high cost and errors of inadequate planning and rework.

Petrotechnics’ Proscient offers a cutting-edge, practical approach to enable the digital transformation journey to the cloud through the use of an innovative, enterprise-wide, operational excellence software platform used by leading companies in hazardous industries. It’s tailor-made to simplify and automate complex planning, operations, maintenance and HSE processes, enabling a far more effective way to visualise and manage risk and activity. It delivers the practical benefits of digitalisation and the IIoT by bringing together disparate technologies and information from across the organisation to help everyone make better, more-informed operational decisions.

At Petrotechnics, we do everything we can to help companies achieve big gains – and they are never out of reach. Proscient enables you to think big, start small and scale fast. It’s the smart and low-risk approach to empower organisations’ OE programmes to deliver the tangible business advantages of digital transformation long been promised: cut costs, reduce risk and increase productivity. Are you ready to begin?

Media contact

Louise Douglas
Aspectus
louise.douglas@aspectusgroup.com
 +44 (0) 1224 472 553

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