Petrotechnics Recognised as Operational Risk Management Solution Provider in Multiple Gartner Hype Cycles

ABERDEEN, Scotland, December 17, 2013 /PRNewswire/ --

Petrotechnics, the leading provider of operational performance and predictive risk management solutions, announced today that it has been included in the "2013 Gartner Hype Cycle Report for Leaders of Manufacturing Strategies" and the "2013 Gartner Hype Cycle Report for Process Manufacturing and PLM" as a Sample Vendor for Operational Risk Management solutions.

Gartner Hype Cycle for the Leaders of Manufacturing Strategies which examines the technologies that Manufacturing leaders should consider as part of their strategic planning and investment decision making.  The Hype Cycle for Process Manufacturing and PLM which examine the technologies that support the process manufacturing industries.

Gartner's Hype Cycle is an annual maturity assessment of more than 1,800 technologies and trends. A Gartner Hype Cycle is a graphical depiction of a common pattern that arises with each strategic discipline, core capability, technology or related innovation, which passes through several stages on their paths to productivity. Hype Cycles help to identify the next set of newer emerging and evolving management disciplines, core concepts and strategic technologies. They have traditionally been used to help senior executive decision makers for strategies (and supporting portfolio investments), including vice presidents, directors, COOs, business strategists, supply chain and center of excellence (COE) leaders, get their strategy and timing right.

Petrotechnics' Proscient Platform is an enterprise ready Operational Performance & Predictive Risk software platform designed to help companies in hazardous industries improve the efficiency and risk management capabilities of their work management process.   It can improve coordination and collaboration across functions such as Maintenance, Operations, Planning, HSE and Engineering to optimise production efficiency, lower operational risk and improve policy management.  

By providing the means to better connect key elements of the work management process such as integrated activity planning, workload prioritization, risk management and work control and execution, Proscient can help your organization get more of the right work done safely, efficiently and sustainably.  With easy to use work management tools and a common view of risk across the organization Proscient helps your organization optimize how it manages workload against operational risk according to policy across the enterprise.

"Being named in Gartner's Hype Cycles as an Operational Risk Management sample vendor is an encouraging recognition of our technology approach to helping organizations in hazardous industries to more effectively manage the dynamic frontline operational environment to optimize production efficiency, lower risk and keep people safe, " said Scott Lehmann, Vice-President of Product Management of Petrotechnics. "Proscient's capabilities to use real-time operational data to visualize cumulative operational risk in a common way across the organizations provides a consistent approach and enhanced decision support.  With Proscient's powerful capabilities to proactively manage workload against risk, frontline management across functional disciplines have the basis to improve how they work in services of improved end to end work management planning, work execution, and other production critical activities."

Using Proscient organisations can take powerful steps toward changing how business disciplines work together. Organisations can reduce inadvertent friction, increase transparency and collaboration to drive more meaningful insights to support more effective decision making and remove uncertainty. By providing a consistent and comprehensive platform, like Proscient, across business functions, organisations can be confident that they relying on the kind of data driven continuous improvement that modern operations management demands to remain competitive.

"To find out more about Petrotechnics click here: http://www.petrotechnics.com/about-us"

SOURCE Petrotechnics Ltd