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LR AllAssets Content Library Gets Enriched with Subject Matter Expertise

Summary Lloyd’s Register, the company that has been helping industry address risk for over 250 years, recently updated ARC Advisory Group analysts on its progress in enriching its AllAssets APM software platform and library.  LR’s AllAssets Content Library provides digitized subject matter expertise based on its rich history of asset failure data, risk mitigation recommendations, and industrial operation best practices to manage asset risk and performance.  Such built-in, digitized subject matter expertise enables users who are digitally transforming themselves to speed time to value by adding context to data. Key findings include: To enable identification of asset failures, the AllAssets Content Library currently includes 49 base models to cover the most common equipment types including p...

Growing Population driving more ‘People Travel’ creating challenges for Urban Mobility

Rising population is a big challenge across the globe, as it continues to put more pressure on natural resources that we have. The global population is projected to reach 9.7 billion by 2050. India is expected to surpass China as the most populous country by 2027. This population expansion will be primarily driven by growth in the urban population. More than two-thirds of the world population is expected to live in cities by 2050, from a little over half of the population currently. The story in not different in case of India which is expected to be home to over 1.7 billion people by 2050. This rising population which is skewed more towards the cities continue to drive the urban sprawl, which in turn is increasing the average distance travelled by a commuter. Notably, New Delhi has been wi...