Redefining EHS Risk Management With AI-Powered Video Analytics For The Modern Era

Redefining EHS Risk Management With AI-Powered Video Analytics For The Modern Era

The rapidly advancing field of video analytics is transforming the way firms approach EHS risk management. Incorporating AI, machine learning (ML), computer vision (CV) and other advanced technologies, video analytics facilitates proactive, data-driven solutions to mitigate risks, ensure compliance and enhance overall safety. One key feature of video analytics is the ability to monitor and alert in real time, which allows potential hazards to be identified and addressed before they escalate into accidents. For example, Chooch's AI Vision platform can detect risks within 0.2 milliseconds, facilitating early incident management and promoting a safer work environment.

Data integration is not only crucial for video analytics but also facilitates the smooth exchange of information between various sources. Firms such as Protex AI can integrate with pre-existing action management tools, enhancing workflow efficiency and supporting informed decision-making. Moreover, organizations can seamlessly integrate video analytics into existing CCTV systems, adding a higher level of intelligence to traditional surveillance systems and optimizing resource usage.

In addition, video analytics tools can aid in addressing ergonomic hazards in workplaces. Inseer, Moovency, TuMeke and VelocityEHS all focus on reducing ergonomic risk as specialist vendors. Their efforts contribute significantly to decreasing incidents of musculoskeletal disorders, a leading cause of disability worldwide. Interestingly, video analytics is also emerging as a tool for environmental compliance. Platforms such as viAct's viHUB can customize tracking activities based on specific environmental regulations and standards, mitigating environmental risks.

The video analytics market is currently in a rapid growth phase, fuelled by the rise of Industry 4.0 and an increased awareness of workplace safety. Significant venture capital investments and strategic collaborations are driving the expansion of this market. Notable investments, such as SparkCognition's $123 million Series D funding in 2022 and Intenseye's $64 million Series B funding in 2024, have highlighted the significant potential of video analytics.

Video analytics solves the complex challenges firms face around EHS risk management. As more organizations adopt these technologies, the proactive and informed approach to safety they enable is set to become the new norm. To learn more about how video analytics can help firms manage EHS risks, read Verdantix Smart Innovators: Video Analytics For EHS Risk Management.