Optimize Safety and Profitability by Use of the ISO 14224 Standard and Big Data Analytics

This paper shows how the ISO 14224 standard, enterprise resource planning (ERP) software, and Big Data Analytics can be used to optimize safety and profitability in oil and gas, renewable energy, and in other asset-intensive industries. It also presents a logical approach for prioritizing application of digital capabilities for assets (e.g. equipment, systems and installations).