Verdantix, an independent research and consulting firm specializing in operational risk, health, safety and quality, has named DevonWay as a contender in the growing Operational Risk Software market.
As part of a series of reports covering providers in the emerging category, Verdantix has highlighted DevonWay for its ability to digitize complex operational processes and support contractor management with usage-based pricing.
The report highlights DevonWay's experience with NoSQL databases for operational risk management as a competitive advantage for the business.
ORM software is emerging as a new category of technology investment as a range of digital innovations converge with a new approach to safe operations, as mentioned in the Verdantix report The Future Direction of Operational Risk Management Software.
David Metcalfe, CEO of Verdantix, said: "Our research found that the most common driver of investment in ORM software is an operational excellence program. DevonWay really demonstrated how they can deliver on projects focused on that and operational risk – especially for high-reliability industries. The work they are doing with GE Health, US Department of Energy and Rolls-Royce really highlights their expertise and flexibility."
DevonWay's heritage is in the nuclear industry but it has grown to provide a configurable platform to customers in other sectors like manufacturing, construction and bio-tech. DevonWay's unique platform consists of functionality that:
- Delivers operational efficiencies by digitizing processes
- Improves risk, quality and safety management with audits, inspections and observations
- Enables continuous improvement with action tracking metrics
- Covers a wide range of mobile usage scenarios for efficient operations
Chris Moustakas, President & CEO at DevonWay, said: "When we were founded in 2005, our focus was on improving operational efficiency and risk management for nuclear facilities. Now, we can improve virtually any operational process related to quality, work and safety management. To be recognized as a unique player in the operational risk space is a testament to our team and customers who are innovating the world's biggest and most complex industries."
About DevonWay
DevonWay is a leading provider of Work, Quality, and Safety Management software to global customers in industries as diverse as energy, government, and construction. DevonWay's browser-based solutions and mobile apps help enterprises digitize and improve their operations.
Source: PRnewswire.com
