Managing Uncertainty

With our partner, Gas Technology Institute, HMX provides gas pipeline risk and safety management solutions that predict failures. A Bayesian situational assessor combines expert knowledge, laboratory findings and asset health reports to predict pipe segment failures, enabling the most appropriate action—field inspection, segment testing,  replacement and many mitigants and controls.

Typically, managers charged with risk assessment rely on data queried from sparse, infrequently updated field reports and stale asset information making their risk assessments largely subjective.

CRex is a reasoning engine that enables effective risk management processes, helping decision-makers:

  • Go beyond consideration of individual component risks and impact levels to prioritizing mitigation actions with clear explanations of root causes
  • Predict and prioritize potential risk situations, with clear explanations of root causes
  • Improve deployment of risk mitigation resources avoid business disruption