Strategic Focus: Justifying Budget For Industrial Wearables

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Executive Summary

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 figures

Figure 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 mentioned

Atheer, Caterpillar, Fatigue Science, GOARC, Kenzen

About the authors

Kel Udeala

Industry Analyst

Kel is an Industry Analyst at Verdantix. His current agenda focuses on EHS, Industrial Hygiene and Occupational health software. He has a background in oil and  gas, renewable energy, waste management and recycling. He holds a B.Eng. in Mechanical Engineering from University College London and an MSc in Renewable Energy Engineering from Brunel University London.

Steve Bolton

Research Director

Steve leads the Verdantix EHS research practice, based out of our New York office. He has 25 years of experience advising on sustainability, EHS, circular economy, corporate social responsibility and other business value topics. Steve received a dual environmental science and public policy Bachelor's degree from The College of William and Mary, a Master of Environmental Management degree from Duke University, and an MBA degree from James Madison University.

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