2022 Spring Meeting and 18th Global Congress on Process Safety Proceedings
(53aa) An Operational Risk Management Digital Twin of your asset
Donât waste that data: practical ways to model risk and improve frontline decision-making
Risk is everywhere in organizations large and small. Whether itâs hazards introduced through maintenance work; use of corrosive chemicals; electrical hazards; ageing plant; degrading or incorrectly specified parts; risk can be found almost everywhere throughout the supply chain, and incidents can affect your people, your assets and your reputation.
To address todayâs health and safety issues and thrive in tomorrowâs business environment, organizations need better strategies and better technology to anticipate, model and manage risk as it evolves, in real-time.
- It is estimated that there are a third of a billion nonfatal occupational accidents that take place every year. Source: International Labour Organization
- In the United States alone, workplace injuries cost employers over 171 billion dollars every year.
Source: National Safety Council - 56% of companies say that their critical safeguards and barriers are currently being tracked manually
Source: Spheraâs 2021 Safety Report