Sphera, a global provider of integrated risk management software, data and consulting services, launches its Dynamic Risk Pathways software, a first real-time, process safety management digital twin offering. Dynamic Risk Pathways operational risk management (ORM) technology is designed for modeling 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 (IoT) 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 improves decision-making in evolving conditions while helping organizations move from a reactive position to a predictive and proactive approach. It 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, organizations can improve maintenance prioritization, asset integrity, safety assurance and production uptime.
Dynamic Risk Pathways is available as a part of SpheraCloud.
