Introduction

Experts predict the worth of the global market for artificial intelligence (AI) to rise to  $1,345.2 billion by 2030 from the current size of $150.2 billion in 2023. That’s a compound annual growth rate (CAGR) of 38.6%! 

Wondering what’s the reason behind such a magnanimous growth expectation? Well, let us explain: 

You already know how artificial intelligence (AI) and its subset machine learning (ML) are revolutionizing all sectors globally, right? Sooner or later, every business will require adaptation of AI capabilities to remain viable in the current competitive landscape. And this is the reason behind the prediction of the AI industry’s massive growth.

The businesses in the sector of Environment, Health, and Safety (EHS) and those employing its solutions will be no exception either, given the huge impact it can have on the safety landscape. Want to know more about why AI will be important in EHS management and how it acts as a solution to the current challenges in the industry? Read our previous whitepaper on the Impact of AI on EHS Management.

As the pioneers of bringing the capabilities of artificial intelligence (AI) and machine learning (ML) into EHS management through our solution SafetyAmp, we’re going to take you on a journey to explore how these advanced technologies are shaping the EHS landscape with:

• Predictive safety and risk management,
• Automation of compliance management,
• Real-time monitoring and prompt incident response, and
• Data-driven decision-making.