Each year, work-related accidents claim the lives of more than 2 million men and women around the world and cause significant environmental damage.
Many companies are implementing programs and initiatives to protect the environment, infrastructure, equipment, and, most importantly, people. And technology is playing a critical role.
SAP partner Lloyd’s Register is at the forefront of these efforts. Using the power of SAP Leonardo with real-time data from Internet of Things (IoT) sensors, the company is bringing disruptive technologies to market that enable corrective action to be taken before an incident happens.
Tackling Accidents in High-Risk Industries
With so many people dying each year due to work-related accidents, implementation of protection measures is critical, especially in traditionally higher risk industries such as oil and gas, marine, nuclear, renewable energy, manufacturing, and transport. These catastrophes can result from varying factors such as equipment failure, work environment, or human error. Recent examples alone include the loss of Air France 447, the Deepwater Horizon spill, and the Texas City refinery explosion — all of which resulted in loss of life and all occurred due to a combination of these factors.
So how could technology have helped avert these disasters?
In heavy process industries, risk is traditionally predicted based on maintenance history and the lifespan of equipment. But this does not factor in other potential risks, including operating factors or circumstances affecting the human operator such as fatigue, under training, or inadequate personal safety processes.
Predictive Analytics Help Manage Risk and Increase Safety
Now, digital models known as digital twins are transforming the future of health, safety, and environment (HSE), emphasizing accident prevention. With cloud accessibility and better processes to capture data, predictive analytics is mitigating risk in complex industries by helping people understand what could happen when.
Using the power of SAP Leonardo, with real-time data from IoT sensors, SAP partner Lloyd’s Register is creating dynamic models that lay the foundation for prescriptive analytics. This provides the ability to predict future outcomes and suggest what actions to take based on those predictions. The AllAssets Asset Performance Management (APM) platform, a cloud-based software-as-a-service (SaaS) product, allows customers to build, test, and deploy risk and reliability models quickly.
AllAssets provides customers with customized software models that predict failure, fostering corrective action prior to incidents occurring. When connected to SAP S/4HANA, Lloyd’s Register helps equipment owners optimize inspection schedules, reducing servicing and maintenance costs. The equipment is maintained in the most optimal way, helping ensure safety and peak performance.
Saving Lives and Creating a Safer Work Environment
In this short video, Jim Stuart, senior vice president of Digital Products at Lloyd’s Register, highlights how this technology is helping make the world safer. Examples of the business results the company has delivered include helping customers to:
- Prevent and find issues before they became a problem
- Understand all the different dimensions around reliability of the equipment
- Know the risks associated for the human operator
- Be aware of the environmental effects
- Reduce costs by optimizing what they do and allowing them to focus on what make sense
- Utilize the cloud to bring the benefits of better infrastructure and time to value
- Customize risk models to the actual conditions of their equipment
Case studies from Lloyd’s Register provide a more in-depth look of how innovation and improved HSE has the power to materially reduce cost, improve business performance, and most importantly reduce loss of life. Read more here.
Delivering Innovation with the SAP Partner Ecosystem
Lloyd’s Register is a prime example of how partners are engaging with the next-generation partnering movement, to accelerate the reach, impact, and momentum of ecosystem-developed IP and provide customers with leading-edge innovation.
Working together with Lloyd’s Register, SAP is helping the world run better and improve people’s lives. That is both companies’ purpose.