Best Practices: Moving EHS To Dynamic Risk Management

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Executive Summary

The rise of Industry 4.0 has presented EHS professionals with a wealth of real-time data from an ever-growing array of IoT devices. To accrue a more complete picture of risk, firms must integrate data streams that traditionally fall outside the EHS remit. This report analyses the impact dynamic risk management can have on firms’ EHS programmes and prescribes best practices for firms to implement successful solutions. It takes insights from interviews with nine vendors (Aware360, Enablon, GOARC, Origami Risk, Pro-Sapien, RiskPoynt, Sphera, VelocityEHS and Xybion) at the forefront of dynamic risk management technologies. EHS and operations executives should use this report to inform their joint development strategies. The report finds the best practices for implementing dynamic risk management is to build strong internal management of change processes, develop a technology roadmap that starts with increasing data gathering from the edge and utilizing risk visualization techniques to increase the impact of real time risk data.

Table of contents

Dynamic Risk Management Will Define The Future Of EHS 
Technology Is Transforming The EHS Paradigm From Reactive To Proactive Safety Management 
Dynamic Risk Management Gives Real-Time Insight Into Occupational Hazards

Siloed EHS Processes Leave Firms Shackled To Reactive Risk Mitigation 
EHS Has Traditionally Operated Separately From Wider Business Units 
Firms Lack The Foundational Data Needed To Develop Dynamic Risk Management   

Best Practices To Overhaul Traditional Processes And Move EHS To Dynamic Risk Management 
Implement A Change Management Strategy To Transform EHS
Devise A Strategic Roadmap That Factors In Connected Safety Technology 
Utilize Real-Time Data To Sharpen Risk Mitigation Processes 
Utilize Real-Time Risk Visualization Techniques To Raise Risk Awareness   
Champion The Benefits Of Dynamic Risk Management Throughout The Firm 

Table of figures

Figure 1. Digital EHS Technology Uptake In 2022 
Figure 2. Dynamic Risk Management Merges Insight From Multiple Business Groups 
Figure 3. Dynamic Risk Management Strengthens Proactive And Reactive Risk Controls 
Figure 4. EHS Is Currently Managed With A Range Of Disparate Systems 
Figure 5. Technology Roadmap To Facilitate Dynamic Risk Management Strategies 
Figure 6. Most Relevant Adjacent Risk Management Solutions By Industry Vertical 

About the authors

Bill Pennington

VP Research, EHS & Risk Management
Bill is the VP Research for the Verdantix EHS & Risk Management practices. His current agenda focuses on understanding the evolution of EHS and enterprise risk management, evaluating emerging strategic risks and benchmarking technology buyers’ budgets, priorities and preferences globally.

Tom Brown

Senior Analyst
Tom is a Senior Analyst in the Verdantix EHS practice. His current research agenda focuses on a range of EHS topics, including high-risk safety controls, contractor management, environmental services and EHS digitization strategy. Prior to joining Verdantix, Tom achieved a Master’s in Chemical Engineering from the University of Nottingham.

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