Tags: Data Analysis Data Management Data Validation Mechanical Integrity Probability Risk Risk Analysis Risk Based Inspection Risk Management Technology Value

How to improve RBI predictions using a consolidated central repository of failure events.
I have a friend who retired from asset reliability and integrity and now day-trades the spot price of gold. The funny thing is that he uses the Coinbase app. If you subscribe, you can use their targeted AI to determine the price direction and when it will happen. He then bets on the price direction at the predetermined time. The trade executes in 30 seconds, with 95% confidence of a positive outcome. His return is 25%. These predictions are made hours in advance because Coinbase’s AI is constantly monitoring a publicly available dataset.
I am not advocating day-trading; I am advocating the use of targeted AI to monitor loss-of-containment events in real time. I believe it will raise our highest confidence threshold for recommended risk-mitigation actions from 80% to 90% or higher. There is one major obstacle: data.
It is not that the industry has a data scarcity problem; it has a data integration problem. Every loss-of-containment (LOC) incident is evidence. Today, those pieces are scattered across dozens of databases and millions of pages of reports. A targeted AI database could ingest, normalize, and continuously learn from them.
Vision: Global Loss of Containment Event Database/Repository
Mission
Create a single, continuously expanding knowledge database of all publicly available industrial loss-of-containment incidents, and use targeted AI to identify failure trends, predict emerging risks, and improve Risk-Based Inspection (RBI), Mechanical Integrity (MI), and Process Safety Management (PSM).
Data Sources
The database would continuously collect information from:
AI Normalization Layer
Every incident would be converted into a common engineering schema.
For each event, the AI would identify:
Regardless of whether the source is a CSB report, a PHMSA record, or an academic paper, the information becomes structured and searchable.
Targeted AI Analytics
Once normalized, the AI can identify patterns that humans cannot easily detect.
For example:
From Descriptive to Predictive
Instead of simply reporting what happened, the platform could answer questions like:
"Show every known hydrogen leak involving SA-106 Grade B operating between 550°F and 700°F."
Or:
"Which damage mechanisms are increasingly being identified in renewable diesel units commissioned after 2020?"
Or:
"My hydrotreater operates at 595°F and 250 psig in hydrogen service. Which historical failures most closely match my operating conditions, and what inspections proved most effective?"
Why this is different
Traditional AI is trained on large volumes of homogeneous data.
Industrial AI should be trained on high-value engineering knowledge.
Every loss-of-containment incident is essentially a complete engineering experiment.
That is precisely the type of information engineers use to make decisions.
The long-term vision
This could become the industry's equivalent of Bloomberg Terminal for asset integrity.
Instead of tracking stock prices, it would continuously track:
Rather than replacing API 580, API 581, or API RP 571, the platform would keep them "living" documents by continuously enriching their application with the latest global operating experience. Every new publicly available incident would immediately serve as another training example, enabling the AI to refine failure patterns, identify emerging degradation mechanisms, and provide engineers with recommendations based on the collective experience of the entire process industry rather than the limited history of a single facility.
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