A Data Science Approach for effective Management of Process Safety Incidents

As mentioned in the CCPS Process Safety Guide, an essential element of any improvement program is measure of existing and future performance. The proper analysis of such measures like Leading and Lagging metrices is critical for successful process safety management. Generally, a safety pyramid consists of mix of three types of metrices like Lagging metrices – which are retrospective set of measures, Leading metrices – which are forward looking metrices and finally Near-miss which are less severe incidents, which however are very good indicators for future likelihood. Indeed, the availability of data science analysis tools along with enterprise systems is very critical for mitigating catastrophic chemical accidents.