TL;DR:
- VelocityEHS secures two patents from USPTO for innovative use of AI in EHS & ESG solutions.
- Patents highlight AI-driven Green Chemistry for chemical data analysis and Industrial Ergonomics for MSD risk mitigation.
- These advancements enhance workplace safety, sustainability, and compliance.
- Investors’ growing interest in ESG is accelerating the transformation of EHS & sustainability.
- VelocityEHS’s substantial investments in AI and R&D are revolutionizing the industry.
- The Accelerate® Platform offers a comprehensive suite of solutions for EHS & ESG.
Main AI News:
In a remarkable achievement, VelocityEHS, the global frontrunner in enterprise EHS & ESG software solutions, proudly announces the grant of two pioneering patents by the U.S. Patent and Trademark Office (USPTO), underscoring its pivotal role in advancing the realm of Environmental, Health, and Safety (EHS) and Environmental, Social, and Governance (ESG) technologies, steering organizations toward operational excellence.
Patent 1: Revolutionizing Green Chemistry with AI and ML
VelocityEHS garners recognition for its groundbreaking use of machine learning (ML), particularly natural language processing (NLP), in its Green Chemistry innovation, which streamlines the indexing and extraction of chemical ingredient information from safety data sheets (SDSs). This inventive approach replaces the laborious and error-prone manual data harvesting process previously employed by many organizations. By embracing AI-driven ingredient indexing, companies of all sizes can now access cost-efficient, nearly real-time, and remarkably accurate chemical data analysis. This empowers them to align with green chemistry principles, enabling the identification, prioritization, and mitigation of chemicals most likely to pose risks, while effectively managing the influx of hazardous substances within their facilities. VelocityEHS ushers in a new era where organizations, regardless of size or maturity, can leverage green chemical management principles to foster safer and more sustainable workplaces.
Patent 2: Transforming Ergonomics with AI’s Power
The second patent underscores VelocityEHS’s utilization of ML, specifically Computer Vision (CV) and NLP, in its Industrial Ergonomics Solution. This innovation addresses musculoskeletal disorders (MSDs), which stand as the leading cause of workplace injuries, incurring substantial costs for employers annually. Through the application of AI, VelocityEHS identifies root causes of MSD risks and recommends actionable risk control measures, thereby empowering companies to disseminate expert-level ergonomics guidance to every employee and proactively combat MSDs across their entire organization.
Dr. Julia Penfield, Associate Vice President of Machine Learning, emphasized the immediate value these AI applications bring, stating, “For companies prioritizing safety, sustainability, and resilience, VelocityEHS’s AI solutions on the Accelerate® Platform have the potential to positively impact the well-being of millions of workers.” She further elaborated on the integration of expertise from Velocity’s certified EHS professionals into their software, amplified by AI, to enable non-experts to achieve expert-level outcomes.
As the focus on Environmental, Social, and Governance (ESG) continues to gain momentum among investors, Matt Airhart, President of VelocityEHS, highlighted the transformative nature of their investments in AI and research and development (R&D), asserting that it’s revolutionizing how companies respond to ESG pressures and responsibilities. He hinted at more groundbreaking innovations in the R&D pipeline, solidifying VelocityEHS’s commitment to pioneering change in the industry.
The Accelerate Platform, encompassing seven best-in-class solutions spanning Safety, Industrial Ergonomics, Control of Work, Health, ESG, Environmental Compliance, and Operational Risk, serves as a testament to VelocityEHS’s dedication to empowering organizations on their journey toward excellence in EHS & ESG.
Conclusion:
VelocityEHS’s acquisition of two patents underscores its leadership in the EHS & ESG market. Their pioneering use of AI and ML in Green Chemistry and Industrial Ergonomics not only enhances workplace safety but also positions them at the forefront of addressing ESG concerns. With increased investor focus on ESG, VelocityEHS’s commitment to innovation signifies a transformative shift in the industry, making them a pivotal player in shaping the future of EHS & ESG solutions.
