New pipeline integrity and budget-optimization tool
The Pipeline Integrity & Budget Optimization Tool (PIBOT; photo) is a new modular software package that reduces time and cost associated with carrying out a diverse range of pipeline-integrity, engineering and management activities via data management, integration and smart data analytics. This software solution makes it possible to instantly clean, structure, align, standardize and visualize data, in addition to carrying out pipeline integrity management and smart data analytics, says the company. For example, you could automate the process from inputting data to assessing risk, determining inspection intervals, and producing reports, all in a traceable, transparent way. As a result, operators benefit by working from enhanced data analysis that provides more accurate degradation forecasting and comprehensive risk assessments. — Independent Risk Management Systems B.V., Delft, the Netherlands