Contribution: Industrial Research Assistance Program – Contributions to Firms
Geomatics Data Management Inc.
$200,000.00
Converge Risk Aversion
EF 2023-24 · 2023-05-01
Résumé
GDMs pipeline risk assessment solution provides a cost and time effective “out of the box” baseline risk score for every pipeline in Western Canada based on best-in-class oil and gas datasets. The systems and tools in this solution give industry access to a persistent database of pipeline risk information that is simple and easy to use, yet still delivers the complex information organizations need to effectively make better informed operational decisions. While this benchmark assessment provides a quality risk ranking, clients have identified the need to be able take control of the underlying risk scoring algorithms and risk mitigation mechanisms in order to truly represent their corporate definition of operational risk.
Ministère
Programme
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (lien de confiance élevée)
Bénéficiaire
Emplacement
Calgary|Calgary, Alberta, Canada
Type de bénéficiaire
For-profit organization
Numéro d'entreprise
878230192
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Tel que publié
Agreement End Date
2024-03-31
Agreement Number
1005743
Agreement Start Date
2023-05-01
Agreement Title
Converge Risk Aversion
Agreement Title (French)
Converger l’aversion au risque
Agreement Type
Contribution
Agreement Value
$200,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
GDMs pipeline risk assessment solution provides a cost and time effective “out of the box” baseline risk score for every pipeline in Western Canada based on best-in-class oil and gas datasets. The systems and tools in this solution give industry access to a persistent database of pipeline risk information that is simple and easy to use, yet still delivers the complex information organizations need to effectively make better informed operational decisions. While this benchmark assessment provides a quality risk ranking, clients have identified the need to be able take control of the underlying risk scoring algorithms and risk mitigation mechanisms in order to truly represent their corporate definition of operational risk.
Description (French)
La solution d’évaluation des risques liés aux pipelines de GDM fournit un score de risque de base «prêt à l’emploi» pour chaque pipeline de l’ouest du Canada, basé sur les meilleurs ensembles de données pétrolières et gazières. Les systèmes et les outils de cette solution permettent à l’industrie d’accéder à une base de données permanente d’informations sur les risques liés aux pipelines, qui est simple et facile à utiliser, tout en fournissant les informations complexes dont les organisations ont besoin pour prendre des décisions opérationnelles mieux informées. Bien que cette évaluation de référence fournisse un classement des risques de qualité, les clients ont identifié le besoin de pouvoir contrôler les algorithmes de notation des risques sous-jacents et les mécanismes d’atténuation des risques afin de représenter véritablement la définition du risque opérationnel de leur entreprise.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Calgary Centre
Federal Riding (French)
Calgary-Centre
Federal Riding Number
48004
NAICS Code
21311
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
878230192
Recipient City
Calgary|Calgary
Recipient Country
CA
Recipient Legal Name
Geomatics Data Management Inc.
Recipient Operating Name
GDM Pipelines
Recipient Postal Code
T2P 3S2
Recipient Province or Territory
AB
Recipient Type
F
Reference Number
172-2023-2024-Q1-1005743