• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

VelocityEHS Earns 5 AI Patents and Publishes in Nature

By: VelocityEHS via GlobeNewswire
May 14, 2024 at 07:56 AM EDT

CHICAGO, May 14, 2024 (GLOBE NEWSWIRE) -- VelocityEHS®, the global leader in enterprise EHS & ESG software solutions, has recently been awarded five patents by the U.S. Patent and Trademark Office for its pioneering use of artificial intelligence (AI) and machine learning (ML) to help prevent workplace injuries and incidents. The company also published two scientific papers detailing its innovations in the prestigious journal Nature.

Innovations covered in this latest round of patents will help EHS professionals reduce musculoskeletal disorders (MSDs) and chemical risks and strengthen incident prevention. The new AI/ML capabilities empower companies to advance their EHS activities along the EHS maturity curve, which moves from reactive -> preventative -> proactive -> predictive, with increasing efficiency and effectiveness.

"While patents and peer recognition are gratifying, our AI team's driving force is the chance to protect workers and save lives," said Dr. Julia Penfield, VP of Research & Machine Learning at VelocityEHS. "Most of these innovations are commercialized already or launching soon. Collectively, they have the potential to significantly reduce injuries, lost productivity and related costs for our customers."

Papers Published in Nature

Nature published its first VelocityEHS paper, titled A Machine Learning driven automated system for safety data sheet indexing, in February. Authored by Aatish Suman, Misbah Khan, Veeru Talreja, Julia Penfield, & Stephanie Crowell, it covers the automation of indexing chemical information from SDSs using ML and natural language processing (NLP), as detailed in recent patents.

A second Velocity paper was published by Nature in April, titled Automatic identification of incidents involving potential serious injuries and fatalities (PSIF). Authored by Pulkit Parikh, Julia Penfield & Marc Juaire, the paper proposes the first ML system for automating the critical task of PSIF identification from incident data to enable better risk assessment and prevention of serious workplace incidents.

“Our team’s pace of innovation is accelerating thanks to the scale of our investment into AI and close collaboration with customers and Velocity’s team of certified EHS experts,” said Matt Airhart, CEO of VelocityEHS. “On the customer front, we are grateful for the quality of our research partners and humbled by their trust in us and our R&D team. This work doesn’t happen without them.”

Patent Awards

Velocity was awarded three patents on the ergonomics side, including two for new methods of delivering root-cause analysis and controls, and one with the use of natural language processing. A third patent was for the use of computer vision to determine force exertions as part of an ergonomics risk assessment, which can be done simply by uploading a video taken with mobile device of a worker performing a task.

According to the Bureau of Labor Statistics, in the U.S. alone, work-related MSDs account for one-third of non-fatal occupational injuries.

Two more patents were awarded for Velocity’s groundbreaking method of indexing and extracting information from digital records. Applicable against a wide range of EHS problems, these innovations enable users to harvest key data that would be too time-consuming and costly for organizations to collect manually, such as the indexing and extraction of chemical ingredient information from safety data sheets (SDSs).

A key benefit of indexing with AI is scalability, which is required for driving maturity and performance in programs that depend on SDS content, such as green chemistry and industrial hygiene qualitative exposure assessments.

For more information about VelocityEHS and its award-winning software including solutions for Safety, Ergonomics, Chemical Management, and Control of Work, visit www.EHS.com.

About VelocityEHS

Relied on by more than 10 million users worldwide to drive operational excellence and achieve outstanding outcomes, VelocityEHS is the global leader in true SaaS enterprise EHS & ESG technology. The VelocityEHS Accelerate® Platform is the definitive gold standard, delivering best-in-class software solutions for managing:

  • ESG
  • Safety
  • Ergonomics
  • Control of Work
  • Chemical Management
  • Operational Risk
  • Environmental Compliance

The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any other EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2023 Green Quadrant Analysis, VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision. Its privacy and security protocols, which include SOC2 Type II attestation, are among the most stringent in the industry.

VelocityEHS is headquartered in Chicago, Illinois, with locations in Ann Arbor, Michigan; Tampa, Florida; Oakville, Ontario; London, England; Perth, Western Australia; and Cork, Ireland. For more information, visit www.EHS.com. 

VelocityEHS Media Contact
Brad Harbaugh
312.881.2855
bharbaugh@ehs.com


Primary Logo

More News

View More
Amazon Stock Rally Hits New Highs: Buy Into Earnings?
Today 17:26 EDT
Via MarketBeat
Tickers AMZN GOOGL META
Forget the Hype—TSMC Is the AI Stock That Actually Delivers
Today 16:42 EDT
Via MarketBeat
Topics Artificial Intelligence
Tickers AAPL NVDA TSM
Why Lucid’s 36% Rally on Uber Deal Could Be a Game-Changer
Today 16:04 EDT
Via MarketBeat
Topics Electric Vehicles
Tickers GOOG LCID TSLA UBER
Block Levels Up: What S&P 500 Inclusion Means for Investors
Today 15:44 EDT
Via MarketBeat
Topics ETFs Stocks
Tickers XYZ
Steel Dynamics Stock Steady on Long-Term Prospects
Today 15:22 EDT
Via MarketBeat
Topics World Trade
Tickers CLF STLD X
Site Logo
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap