DNV GL Launches Analytics Platform Lumina

Luca Crisciotti, CEO of DNV GL – Business Assurance. Photo: DNV GL

By Aiswarya Lakshmi

Today's organizations are facing a complex business
environment. With increasing demands from stakeholders to operate
sustainably, and with international standards being revised to
encompass a more holistic view of the business context and
related risks, organizations need to adapt and work smarter.

Better utilization of own data, as well as insights derived from
industry Big Data to make qualified decisions on improvements,
will be critical for companies to succeed in the future.

Through a recent survey conducted by DNV GL, 52% of the 1189
respondents identified Big Data analysis as a major opportunity
and 70% of the large corporations. However, 3 out of 4 were not
able to capitalize on their data to improve productivity.

To assist companies in getting more out of their management
systems, DNV GL is launching Lumina, a set of performance
benchmarking tools giving organizations unique market-based
insights and support to identify and prioritize improvement
areas. Whether addressing environmental, quality or safety
aspects, Lumina allows companies to identify their weak spots and
where to invest time and resources to close the gaps.

Luca Crisciotti, CEO of DNV GL - Business Assurance comments
"Most companies have a great potential to better use data to
improve, compete and innovate. A management system is an
excellent tool for handling business processes, but it also
creates a lot of useful data about an organization's performance
- insight which is often overlooked. Lumina enables companies to
more effectively analyze this information to gain insight that
can support them in making more qualified decisions."

Through more than 1.6 million audit findings accumulated from
80.000 customers, the analytics platform does not only provide a
performance analysis of a company's management system, but also a
performance benchmark against industry peers.

Combined, it provides a holistic overview allowing companies to
identify the areas of their management system that need to be
improved.

Mar 1, 2017

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