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.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
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
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
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Tom Brown
Senior Consultant, Advisory Services
Tom is a Senior Consultant in the Verdantix Advisory Services practice, where his focus is on delivering client solutions for EHS and sustainability digitization. Tom joined V...
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