Smart solutions powered by digital technology.
LR Aurora Labs brings together LR’s engineering skills, deep industry expertise, digital capabilities and research and technology partnerships to take our customers’ asset performance and risk management to the next level.
Our customer challenges are our challenges
As LR and our customers know well, asset performance and risk management is the complex interaction between human operators, physical assets and processes. Our innovation priorities and methodology reflect that interplay and focus on high-value areas where data and digital technology are creating new opportunities and disruptions.
What we do
Unique expertise and insight into customer challenges
There are some things technology can’t replace – deep industry experience. LR has an unrivalled 250 years of deep industry experience. We guide some of the largest companies in the world, setting the standards and giving regulatory guidance for the design, construction and lifetime maintenance of ships, offshore units and land-based installations. We work alongside our customers every day and gain unique insights into their pain points and business challenges.
We’re now applying that expertise and insight to the digital domain to help them innovate better and faster.
Leverage Cutting Edge Technologies
We believe innovation should be centred around customers challenges. Yet, disruptive digital technologies are oftentimes directly and visibly creating innovation imperatives for our customers, opening up new solutions to existing business challenges. At LR Aurora Lab, we focus on those disruptive technologies:
Data is now one of the fundamental aspect of running a business. And while the amount of data is growing, it is only through the extraction of insights that value can be derived. This is particularly true in asset performance and risk management. But extraction of insight from data is one of the hardest parts; and even trusting the data for mission critical operations can be a challenge. At LR Aurora Labs we are using data analytics, data science, AI expertise and technology partnerships, combined with our deep engineering and modelling expertise, to help clients derive insights to solve their problems and building them into our products and services.
Agile innovation that scales
At LR Aurora Labs we work with our customers to apply agile innovation and design thinking, with a focus on early proof of value. To support agile innovation, we have a team dedicated to rapid application development (RAD), reacting to incoming challenges faced by our customers and bringing ideas to life. RAD uses a fully agile system of software delivery where the customer is front and centre.
We also believe digital innovations should be able to scale quickly. It’s for this reason that LR Aurora Labs works with our Digital Products team, technology partners and large system integrators to scale innovations quickly to full fleet or operations.
What we think
LR's experts regularly share their research and insights.