Strategic Focus: Justifying Budget For Industrial Wearables
Access this research
A Environment, Health & Safety subscription is needed to access this content.
Please choose an option below
This report helps corporate EHS managers understand best practices in obtaining budgets for industrial wearable devices, while also highlighting the key challenges that confront firms during this process. With increased visibility into the critical success factors for budget justification, this report also will support EHS managers in developing robust business cases. The industrial wearables market is experiencing strong growth. Despite these enablers, firms still are experiencing barriers to adopting industrial wearables, such as lack of budget and internal buy-in, commercial devices that are insufficient and/or expensive, and hidden costs of initial deployment and ongoing maintenance. By following their peers’ best practices, corporate EHS managers can alleviate these constraints and facilitate the development of a successful business case for wearables adoption.
Table of contents
Robust Business Cases And Clear Value Propositions Can Mitigate Budgetary Challenges
Strong Demand For Wearables Despite Several Internal And External Barriers
Adopting Best Practices To Build The Business Case And Avoid Pitfalls
Firms’ Risk Levels Should Guide Budget Justification For Wearables
Risk Level Creates Constraints But Also Provides Business Case Opportunities
Table of figuresFigure 1. Barriers To Implementation Of Wearable Devices
Figure 2. Perceived Deficiencies Of Wearable Devices
Figure 3. Industry Segmentation Based On EHS Risk Level
Figure 4. Prioritization Scenarios Based On Risk Level And (A) People, (B) Processes And (C) Technology
Organisations mentionedAtheer, Caterpillar, Fatigue Science, GOARC, Kenzen
About the authors
Not a Verdantix client yet?
Register with Verdantix for authoritative data, analysis and advice to allow your business to succeed.