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Digital innovation

Ignite the spark of innovation

Leading into the digital future

Our world is increasingly connected. Data is being generated like never before. Digital disruption is revolutionising our personal lives and in turn changing the way industry operates, driving step changes in performance and delivery.

We have entered the next industrial revolution, Industry 4.0., characterised by the Internet of Things (IoT), Cyber Physical Systems, Cloud Computing and Digital Ledgers such as Blockchain.

In this environment, harnessing value from data is gaining critical importance as a business driver. This is the era of the digital twin. Big data - from connected assets, legacy data and new data streams - enabled by digital technology and analytics, provides us with insight and real-time decision making power that previously could never be realised.

LR innovation programmes

Increasingly, digital technology is fundamentally changing how risk and performance are managed in asset and people intensive industries.

Through our strategic innovation initiatives, LR is addressing the challenges our customers face in this highly complex environment of technology advancement and digital transformation.

Combining digital capabilities with our deep knowledge of assets, processes and regulation, we are creating new solutions that uniquely address the challenges customers face in the industries we serve. Delivering innovation and driving outcomes that deliver step changes in performance and delivery.

It’s about open innovation and co-creation

Collaboration, co-creation and open practices, both internally and within our partner eco-system, is our ethos. We source, validate, benchmark and deploy best-in-class digital technologies - proactively seeking and engaging with a number of strategic partners to fast-track our innovation capability against our strategic themes. One example that demonstrates our ethos is the LR Safety Accelerator Programme - an open challenge network for innovative start-ups, to address and co-create solutions which directly address our clients’ needs.

INSIGHTS

LR's experts regularly share their research and insights.

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