A worksite injury costs on average $42,000 per event, not considering costs for company interruption, lost productivity, and reputational harm. San Francisco-based Voxel, which was founded just over a year ago, works with an increasing number of industrial and manufacturing companies and retailers. Customers pay for Voxel’s technology through license fees, increasing as additional cameras are added to the video feed that the technology must analyze. Reduced compensation for workers who are injured or become ill, as well as benefits such as reduced company disruption due to staff absence, could possibly be the payoffs according to the company. The company emphasizes its dedication to privacy and security, and its algorithms do not monitor any personally identifiable data.

Source: Forbes May 26, 2022 21:30 UTC