Managing Process Safety in the Age of Digital Transformation
The oil and gas industry continues to experience major accidents, despite the application of mature approaches to process safety in the design phase of projects. There appear to be gaps that arise when this good design goes into operation. The dynamic nature of the frontline, coupled with the siloed nature of sources of information on planned activities and critical equipment can give rise to major incidents.
An emerging category of enterprise software system for Operational Risk Management (ORM) seeks to close this gap by applying proven risk models to support all levels of operations in decision-making with an improved approach to risk management – which is more pragmatic, simple in concept, and informed by real-time risk status.