Intelligent Fin.tech Issue 13 | Page 34

FEATURE

to reduce the risk of injury . AI vision processing technology allows for instant risk assessments , enabling employers to swiftly amend work processes to optimise safety and efficiency .
Maurice Edwards , President of Sterling Edwards Enterprises , highlighted the value of these strategic partnerships with safety technology companies : “ Together we are able to minimise the cost and disruption of workplace injuries while eliminating digital silos and any added burdens on key stakeholders and internal teams .”
The multipronged benefits of safety technology
The benefits of incorporating safety technology are manifold . First , it aids in attracting and retaining quality workers , as people are less likely to apply for jobs with high injury risks or continue in a workplace where their colleagues face regular risk of harm .
Furthermore , reducing workplace injuries boosts overall productivity levels since workers are no longer sidelined by injury . This not only maximises output but also has a direct positive impact on insurance premiums . Unlike traditional methods of injury prevention , safety technology guarantees a rapid return on investment .
The data from these technological interventions assists insurers in building a comprehensive risk management archive , simplifying the calculation of commercial risk costs . This precision allows insurers to price their premiums more accurately , and proactive employers can earn reductions in their premiums by demonstrating their commitment to mitigating risk .
Harnessing wearable technology and AI for ergonomic risk assessment
Wearable technology and AI play a vital role in enhancing workplace safety . Advanced wearable devices equipped with Smart Sensors can measure an employee ’ s posture , lifting techniques and even monitor worksite environmental conditions . The real-time data provided by these devices allows for immediate action in potentially hazardous situations , mitigating risks and augmenting safety measures .
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