Visual AI: Revolutionizing HSE Investment for Unprecedented Impact

Webinar Summary

Each year, a staggering 340 million occupational accidents occur, imposing an incredible financial burden of over $175 billion on organizations, as reported by the National Safety Council. Despite traditional methods of tackling workplace incidents, including trips, slips, falls, and near misses, the reduction in injuries remains disappointingly low. However, with visual AI technology, a proactive approach to predicting incidents can augment existing policies, training programs, and physical intervention measures.

Beyond preventing injuries and loss of life, HSE investments pay impressive dividends. CFOs report that $1 invested in injury prevention returns $2 or more. Given the cost of injuries, savings from prevention can add up quick.

• Direct cost of an average injury is $42,000.
• Indirect costs of accident range is 2-10X direct cost, or $80.000-$420,00.
• Loss of life cost companies $1M+ on average.
• Brand impact with accidents affecting worker retention, worker acquisition, and moral.

Watch on Demand

In Visual AI: Revolutionizing HSE Investment for Unprecedented Impact you’ll learn more about Visual AI Advisor from SparkCognition. Come experience this proven technology with a network of over 130,000 cameras under contract in over 16 countries. Hear from the expert’s real-world success stories on how visual AI is transforming HSE and preventing workplace incidents.