01Power and energy, first and deepest.
Generation fleets and the markets they sell into. The recurring decisions are recognizable anywhere in the sector: when to take an asset down and what that timing costs in exposure, which hours in a year carry consequence out of all proportion to their number, how fuel position and power position move against each other, and which piece of equipment is degrading in a way that will eventually choose the timing for you. This is where the platform is most built out and where our evidence is strongest.
02Oil and gas, active now.
Production and subsurface operations, where decisions are sequential, capital is committed in irreversible steps, and much of what you need to know arrives only after you have had to commit. Which wells are worth keeping on at a given price, what an intervention is worth once its risk is priced, what remaining value sits in an asset before you acquire it, and what it is worth waiting to learn before committing the next tranche of capital.
03Heavy industry more broadly, where the same structure holds.
The pattern generalizes: an asset graph, an economic environment, reliability that couples to both, and a sequence of expensive decisions made under uncertainty. Manufacturing, process industries, and equipment operators fit that shape. We treat this as direction rather than as a claim about today, and when we talk to you we will say plainly which is which.