10 EHS Technologies With A Rapid Financial Return

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Executive Summary

The adoption of EHS technology remains a priority, as firms seek to maximize the productivity of a limited workforce while providing safe working environments during uncertain economic conditions. This report evaluates 10 EHS technologies that deliver rapid financial returns by reducing compliance costs, mitigating worker accidents and improving worker productivity. It leverages case study data to provide context and implementation considerations for successful technology adoption. The report identifies three mature technologies: EHS software, EHS mobile applications and Internet of Things (IoT) sensors; four growing technologies: digital training, fleet safety telematics, process safety management (PSM) software, and unmanned aerial vehicle (UAV) solutions; and three recently launched technologies: AI-enabled compliance, computer vision and industrial wearables. The analysis finds that firms generally experience financial returns from consolidating their EHS solutions in a single platform, leveraging data to inform business strategy and empowering front-line workers with tools to streamline their tasks. EHS executives can use this report to evaluate similar technology use cases, to determine their applicability to their organizations. 

Table of contents

Economic Uncertainty Will Encourage Firms To Adopt Quick-Win EHS Technology 
EHS Technology Adoption Considerations During Economic Uncertainty
Three Mature EHS Technologies Seeing Widespread Implementation
Four Growing EHS Technologies With a Strong Financial Return Track Record
Three Recently Launched Technologies Promising a High Financial Return
 

Table of figures

Figure 1. Summary Of 10 EHS Technologies With A Rapid Financial Return
Figure 2. Case Studies Of 10 EHS Technologies With A Rapid Financial Return
 

About the authors

Nathan Goldstein

Senior Analyst
Nathan is a Senior Analyst in the Verdantix EHSQ practice out of the New York office. His current research agenda focuses on the intersection of sustainability and ESG trends within the EHSQ operational sphere. Prior to joining Verdantix, Nathan worked at Bluefield Research, where he covered the global water industry, with a focus on the energy, industrial and digital segments. Nathan holds a MSc in Water: Science and Governance from King’s College London.

Rain Chiang

Industry Analyst
Rain is an Industry Analyst in the Verdantix EHSQ practice. His current research agenda focuses on the intersection between EHSQ and ESG priorities. Prior to joining Verdantix, Rain gained consulting experience from internships at EY and P&G. He holds an MA in Economics and Politics from the University of Edinburgh.

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.

Christopher Sayers

Senior Analyst
Chris is a Senior Analyst in the Verdantix EHSQ practice. His current research agenda focuses on EHSQ software, product compliance software and digital mental health and wellbeing solutions. He was also the lead author of the most recent Verdantix EHSQ Software Green Quadrant benchmarking study. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialized in robotic process automation (RPA). He holds an MEng in Engineering Science from the University of Oxford, with a concentration on machine learning and machine vision.

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.

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