Despite all of the technology and innovation coming to market, data from the U.S. Bureau of Labor Statistics shows that productivity growth is at its lowest point (1.3%) since the 1970s. At the same time, the bureau’s data shows very little change in occupational safety numbers between 2011 and 2016 with some industries such as construction and natural resources actually recording small increases.
Technology may be making our lives easier but the digital wave seems to be more focused on a better customer experience, a more efficient supply chain and predictive maintenance. It is time for companies to look at how innovation can increase both productivity and safety.
In fact, an underinvestment in digital technology designed to improve productivity can lead to increased work hours, corresponding billing increases, increased operational expenses, schedule slippage and lost revenue.
It is time to leverage digital “smart” technologies to help make employees not only more productive but safer. This is key for all companies especially mining, energy and utilities, chemicals and construction companies.
Authors Michael Dennis, Chiranth Ramaswamy and Arvind Subramanian discuss the opportunities to enhance both safety and productivity by gathering data from multiple sources, implementing wearables, conducting analysis and industry best practices in our white paper: Building a more productive, smarter and safer workplace.