Intellect SEEC and Safety Compass Aim at Enhancing Workplace Safety
Machine learning and augmented reality come together for risk assessment that effectively manages workplace safety
Traditionally, workplace safety is managed through complex paper-based risk registers, site manifests and audits. This information generates lagging indicators that are reactive by nature. These methods do not allow for dynamic site changes implemented. This results in an increase in the number of people sustaining injuries and worse consequences, which are often avoidable. The reactive approach has also resulted in poor end-insured safety, high expenses in safety surveys leading to higher loss ratios and higher expenses.
Workplace safety statistics have plateaued. They highlight the opportunity to improve risk management practices and maximize fiduciary responsibility of organizations.
“Independent industry studies prove that a ‘worker-centric’ safety methodology that adapts live to changes in workplace conditions and empowers workers to contribute to mitigation strategies reduces risk dramatically, improves situational awareness and engagement. Engaged workers are five to seven times less likely to sustain an injury at work,” said The Safety Compass’ Founder and CEO
This partnership enables The Safety Compass smartphone application to be easily distributed along with Intellect SEEC’s machine learning product Risk Analyst to determine safety hazards and risks at the workplace for commercial companies.
Using The Safety Compass App, workers can enter new hazards by simply taking a photo and entering critical safety information directly into their device. This then appears as part of the Company Profile in Risk Analyst™. The Safety Compass ensures all workers in the organization are alerted of the hazard as soon as they come physically close and new hazards are communicated to all as and when they are identified in real time.
This approach combines the thousands of financial, environmental, occupational, and social data points of Risk Analyst™ with in-depth safety data. This forms a data set for Commercial insurance carriers to better manage eligibility, underwriting and rating.
Commenting on the partnership with Safety Compass,
Disclaimer:
‘Intellect Design Arena Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an rights issue of its equity shares and has filed a Draft Letter of Offer (DLOF) with the Securities and Exchange Board of
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