Human and Financial Toll of Industrial Accidents

In today’s fast-paced industrial landscape, ensuring workplace safety is paramount. Beyond the immediate human impact, industrial accidents can lead to significant operational disruptions and financial losses.

Industrial accidents, such as collisions involving forklifts and machinery, pose serious risks to both personnel and infrastructure. Globally, the cost of work-related accidents and illnesses is substantial. A report by the European Agency for Safety and Health at Work estimates the global cost at €2,680 billion, representing 3.9% of the world’s GDP.

Downtime in machinery is a hidden cost

Unplanned downtime resulting from machinery failures or accidents can be financially crippling. A study by Senseye revealed that large industrial facilities lose over a day’s production each month due to machine failures, costing an average of $532,000 per hour of downtime. For Fortune Global 500 companies, this equates to nearly $1 trillion annually.

Legal Obligations and Safety Standards

Employers are legally obligated to ensure a safe working environment. In the European Union, the Framework Directive 89/391/EEC outlines the employer’s duty to guarantee the safety and health of workers in every aspect related to work. This includes conducting risk assessments, implementing preventive measures, and providing appropriate training.

Proactive measures for enhanced safety

To mitigate risks and reduce downtime, companies should:
• Implement Comprehensive Safety Training: Regular training ensures that employees are aware of potential hazards and know how to avoid them.
• Conduct Regular Equipment Maintenance: Preventive maintenance can identify and rectify issues before they lead to failures.
• Adopt Advanced Safety Technologies: Utilizing modern safety solutions can enhance protection for both personnel and equipment.

A game-changer for workplace safety

The newly launched Safety Book from Axelent offers insights and guidelines to help industries create safer working environments. By prioritizing safety, companies not only protect their workforce but also ensure operational efficiency and financial stability. This resource is designed to tackle the complex challenges of maintaining safe industrial environments and practical guidelines tailored to modern workplaces.

What sets the Safety Book apart is its comprehensive approach. Rather than focusing solely on regulations, it provides clear strategies to help businesses proactively address risks. From mitigating accidents involving forklifts and machinery to reducing downtime caused by infrastructure damage, the Safety Book delivers tools and knowledge that can transform workplace safety protocols. By investing in safety, companies not only protect their workforce but also enhance operational efficiency and financial stability.

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Research Indicates AI Revolution has Arrived in Transport Ops

The leaders of physical operations-led organisations in the UK and Ireland are leveraging artificial intelligence (AI) to enhance safety, maximise efficiency, and empower their employees. That’s according to a new 2024 State of Connected Operations Report — Smarter, Faster, Safer: The AI Revolution in Physical Operations — from Samsara, a pioneer of the Connected Operations™ Cloud.

With perspectives from more than 1,500 physical operations leaders across seven countries, including 300 in the UK and Ireland, the report reveals how AI is already revolutionising how these organisations operate — and how leaders are transforming their operations and unlocking new efficiencies. This original research found that 99% of operations leaders in the UK and Ireland believe their organisation needs to invest in AI technology solutions to keep up in today’s environment.

“AI is everywhere, and physical operations leaders are quickly embracing it,” said Evan Welbourne, Head of AI and Data at Samsara. “When used strategically, advances in AI can bring meaningful change to the companies that power our global economy. For example, it can reduce costs, boost efficiency, and even save workers’ lives in the field.”

AI investment is on the rise

While some industries are slower to adopt AI, organisations within physical operations are embracing it, viewing it as a market-tested technology whose utility is proven and expanding. Nearly all (99%) leaders in the UK and Ireland believe AI technology is vital to keep up, and 89% of organisations say they plan to increase investments in AI within the next 12 months. With continued pressures around labour shortages, geopolitical conflicts, and reshoring, technology will be key as organisations face these challenges.

The use of AI is growing in physical operations — and employees see that as a good thing

AI is not seen as an experimental technology for the industries that keep the global economy running smoothly. Nearly half (45%) of leaders in the UK and Ireland say their organisation is already using AI, attributing the most significant benefits to improving safety (46%) and employee productivity (45%). Leadership roles are not the only ones within these organisations that are bullish on AI–89% of those already using AI say their employees feel positive about it. This may be because workers are seeing the direct benefit these solutions have on their day-to-day lives through enhanced workplace safety and efficiency.

Security and data privacy come first

It takes massive amounts of data to run AI technology, representing a huge responsibility — and risk — for any organisation. Physical operations leaders are not cutting corners. Of those already using AI or planning to in the next 1-2 years, 57% are implementing privacy and data protection measures. For the 55% of organisations that plan to adopt AI solutions created by external technology partners, security is not to be sacrificed for functionality. 55% of leaders said they care most about a partner’s ability to integrate with existing systems, and security and privacy compliance (48%).

“Not all AI solutions are created equal,” says Welbourne. “You have to be able to trust the system, and that means finding a technology partner who not only has a proven track record with responsible innovation, but who also deeply understands your business and the challenges you’re up against.”

To view all insights from the State of Connected Operations Report — and discover how operations leaders are embedding AI into their organisations — visit here

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