Highwire, a platform supporting the management of construction and operational risks for contractors, has introduced a new safety risk management tool equipped with advanced AI analysis capabilities. This new feature aims to provide contractors with deep insights into risks by analyzing safety documents through AI.
The tool automates document review, analyzes safety management procedures, proactively identifies risks, and categorizes safety protocols. Highwire states that these tasks traditionally might have required thousands of man-hours to complete.
The platform uses AI analysis to offer more accurate contractor assessments, enabling managers to implement mitigation strategies before work begins. For instance, procedures can be categorized as general, detailed, or comprehensive, going beyond simple pass/fail analyses to support managers in making more informed decisions.
Don Fornes, Chairman and CEO of Highwire, noted that this marks a significant advancement in contractor safety risk management. He said, "Safety analysis is not just about assessing risks; it's about the success of contractors—promoting collaboration and driving continuous improvement in construction safety."
"By providing insightful feedback on our safety procedures and management systems, we enable companies to enhance safety standards, build stronger partnerships, and ultimately increase the pool of qualified contractors."
This is particularly crucial in markets with limited skilled labor supply. For example, the platform aims to help owners and general contractors not only exclude contractors based on a simple review of past performance but also collaborate with them to help them become safer.
A study published in the Journal of Occupational and Environmental Medicine found that an increase in safety management systems is associated with a 34% reduction in the likelihood of recordable incidents and a 28% reduction in "days away, restricted, or transferred" (DART) incidents.
Developed at Harvard University, this technology is designed to serve both large companies with mature safety programs and smaller contractors with less robust safety documentation.
### Key Points:
🛠️ **New Tool Launch**: Highwire releases an AI-driven safety risk management tool for automated document review and risk identification.
🔍 **AI Analysis**: The tool uses AI to provide more accurate contractor assessments, supporting managers in implementing mitigation strategies.
🏗️ **Market Impact**: In markets with limited skilled labor supply, the tool helps improve safety standards and collaboration.