Sphera launches new Dynamic Risk Pathways solution

28-10-2020

Sphera, a global provider of integrated risk management software, data and consulting services, has launched its Dynamic Risk Pathways solution, the industry’s first real-time process safety management Digital Twin solution. 

Sphera’s Dynamic Risk Pathways is the industry’s next-generation operational risk management (ORM) Digital Twin technology for modelling and predicting process safety risk exposure for defined risk scenarios. 

By using the real-time status information from asset integrity inspections, safety-critical equipment, internet of things sensor data, maintenance and operational activity, and deviations from normal operating conditions, operational teams are provided with a single, shared view of the impact on major accident hazard (MAH) risk scenarios.

Dynamic Risk Pathways provides an early warning system so operators can see how impaired, degraded and missing process safety barriers increase the likelihood of a pathway developing into a near-miss, incident, or MAH situation. With real-time visibility, organisations can improve maintenance prioritisation, asset integrity, safety assurance and production uptime. 

“Traditionally, it has been difficult for organisations to view the data held in disparate systems to obtain a credible, real-time view of the status of their safeguarding barriers and process safety risk exposure,” said Scott Lehmann, Sphera’s vice president of product management for ORM. 

“Dynamic Risk Pathways brings all this data together allowing people across the organisation to see where risk might be increasing against specific risk scenarios so they can make better decisions around where to intervene, what to prioritise and where additional risk mitigation is required.”

Dynamic Risk Pathways is available as a part of SpheraCloud, a software-as-a-service (SaaS) platform built to leverage the power, security and flexibility of Microsoft’s Azure. 

“Remaining safe, resilient and competitive requires organisations to make investments in innovative, data-driven technology,” said Paul Marushka, Sphera’s president and CEO. 

“Dynamic Risk Pathways connects data in a simple, clear way to aid proactive decision-making. Now operators can know that the plant is safe with data-based evidence to support it.”

Sphera, Digital Twin solution, Scott Lehmann, launch, North America

Intelligent Insurer