Smart Innovators: Video Analytics For EHS Risk Management

Published 28 June 2024 by April Choy & Bill Pennington &
Digital Training EHS Analytics EHS Compliance EHS Learning & Training EHS Mobile Apps Environment, Health & Safety Ergonomics Incident Management Process Safety Risk Assessment Risk Management Worker Safety Smart Innovators

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Executive Summary

By leveraging artificial intelligence (AI), computer vision (CV) and machine learning (ML), video analytics provide real-time risk detection and response, enhancing workplace safety and efficiency. This report provides video analytics solution buyers with a high-level benchmark of the capabilities of 14 software solution vendors. Heads of EHS, EHS professionals, IT/data leads and executives should use this report to learn about providers in the space and compare vendors’ relative capabilities across core functionality areas. The report further analyses the key benefits, drivers and innovations in the video analytics software market.

Table of contents

Transforming EHS risk management through advanced video analytics
Firms should consider adopting video analytics for proactive risk monitoring
Unpacking the current status of the video analytics market
Evaluated firms and selection criteria
Vendors from different backgrounds offer video analytics
Core capabilities of video analytics platform providers
Innovative features enhance risk mitigation

Table of figures

Figure 1. Integration of video analytics into EHS risk management
Figure 2. Video analytics for EHS risk management: market update
Figure 3. Video analytics for EHS risk management: key functionality
Figure 4. Video analytics providers: capabilities assessment

Organisations mentioned

Aligned Ventures, alwaysAI, Ambient.ai, Antler, Avigilon, Benchmark Gensuite, BlueRun Ventures, Bosch, Bouygues Travaux Publics, BriefCam, Buddywise, Chooch, Cority, EarthCam, Eclipse Ventures, EcoOnline, Honeywell, Inseer, Intel Capital, Intelex, Intenseye, Irisity, J12 Ventures, Liberty Mutual Business Insurance, Lightspeed Venture Partners, Longley Capital, Marks & Spencer, Matroid, Moovency, MTech Capital, Notion Capital, Protex AI, Provectus, Rite-Hite, Service Center Metals (SCM), SparkCognition, TuMeke Ergonomics, US National Institute for Occupational Safety and Health (NIOSH), Validus Growth Investors, VelocityEHS, viAct, Voxel, World Innovation Lab (WiL)

About the authors

April Choy

Analyst
April is an Analyst at Verdantix in the Verdantix EHSQ practice. Her current research agenda focuses on emerging technologies and the impact of software on the EHSQ function. Prior to joining Verdantix, April completed an MSc in Environmental Technology at Imperial College London, where she specialized in integrated water management.

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.