Improving Environmental Safety with Big Data & Predictive Analysis

Predictive Analytics Allow You to Improve Environmental Safety

Using outcome-based indicators for safety performance like injury and incident rates are current go-to metrics that companies are using to measure the performance of safety. These lagging metrics measure the outcome of a process after it occurs, but while these are typically easy to measure, the difficulty lies in using them to improve future performance. However, the availability of big data and predictive analytics to identify and track these metrics can have profound results on environmental safety performance.

The Shift from Reactive to Predictive

If you want to improve safety at your company, lagging indicators will never provide much guidance on the best way to get there. Leading indicators, on the other hand, have the ability to provide actionable information that allows you to take more control over driving improved performance. These indicators can help you track activities that are leading towards your objectives and they have the potential to make a lasting impact on environmental safety performance.

The Difficulty of Implementing Leading Safety Indicators

The issue with leading indicators is that they are difficult to implement and understand. Lagging metrics like injury rates are easy to measure, track and report, which is why they are the most commonly used indicators. Alternatively, leading indicators can be difficult to define and measure. To do so, you need to have advanced information infrastructure in place to collect and analyze the large volume of safety, operating, and business data.

How Analytics are Improving Environmental Safety

With diagnostic analytics, you can now gain further insight into incidents by learning why they happened. This allows you to predict what will happen next and how you can mitigate the risk of a repeat incident. In fact, analytics can optimize leading safety indicators in a few different ways:

• Identify the proper leading indicators: Through statistical analysis, you can determine what factors actually correlate to improved environmental safety results. This enables you to determine the most crucial key indicators.
• Leverage new information sources: With big data and advanced technology you can now collect and consolidate data from different business systems into a single source. The lets you take an all-encompassing look at your environmental safety and the factors that influence it.
• Find New Insights for Improved Risk Reduction: With analytics, the burden of data capture is lifted from your shoulders. By collecting data from various sources and looking at real-time analytics, you can take corrective and preventative steps to mitigate risks.

Why Choose MyFieldAudits

At MyFieldAudits, we remove the complexity from collecting and analyzing data. Our analytics tool is simple to use and provides real time access to the information that matters most. With any internet-enabled device, you can easily access our cloud based tool to assess how you are performing in regards to environmental safety analytics. For a free demo or to learn more about how MyFieldAudits can help your business, contact us today at info@MyFieldAudits.com.