Business View Magazine March 2023

42 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 3 together regional Young Pipeliners groups from across the world. It is a vital resource for the next generation of operators, to prepare them for their duty of care to the pipeline industry.” Dynamic Risk has invested in the support of YPI through mentoring and growth opportunities. Looking ahead, Dynamic Risk is currently investing heavily in the development of predictive analytics technology, which assists operators in forecasting their risk profiles as far into the future as possible. The company does this, McDonnell explains, through the use of machine learning and data validation. “We have a vast amount of data provided by our current database users, to develop and test predictive analytics solutions for reliability. Historically, our industry is compliance driven. We want to change that; we want operators to be getting ahead of the next inspection and looking at what they can do now that will mean pipelines operate more safely and efficiently in the future. It’s a new chapter for us, and a key focus moving forward.” Other goals for Dynamic Risk in the future include expansion and knowledge-sharing to improve pipeline safety in other parts of the world, as well as developing partnerships with like-minded organizations and industry leaders in the interests of shaping and addressing industry regulations. Watch this space! PREFERRED VENDOR/PARTNER n Textrix Inc. textrixinc@textrix.ca Textrix Inc. specializes in automated Microsoft Word template systems for large-to-giga projects, and multinational clients. Automated solutions are scalable: the bigger the scale, the more time saved. Recently, Textrix deployed enhanced automation in Microsoft Word and trained dozens of Dynamic Risk engineers in its use. This powerful, precision, power drill makes a conventional Word template seem like a hand drill. Textrix and Dynamic Risk have been proud, productive partners since 2017.