In a move that significantly enhances its Industry Intelligence offerings, Vertical IQ has announced the integration of the latest Occupational Safety and Health Administration (OSHA) statistics into its comprehensive Industry Profiles. This addition provides users with crucial workplace safety data, particularly beneficial for professionals in insurance, banking, and risk management sectors.
The newly incorporated OSHA data, sourced from the Bureau of Labor Statistics (BLS) database, offers detailed insights into the incidence rates of injuries and illnesses across various industries. This information is organized by North American Industry Classification System (NAICS) codes and is collected through the BLS's Injuries, Illnesses and Fatalities (IIF) program, which includes the annual Survey of Occupational Injuries and Illnesses (SOII) and the Census of Fatal Occupational Injuries (CFOI).
Vertical IQ has strategically placed this valuable information in a new "Occupational Safety" chapter within each of its full Industry Profiles. The chapter is structured to provide a comprehensive overview of workplace safety statistics, including sections on Recordable Cases, Cases With Days Away From Work, and Cases With Job Restriction or Transfer. Each section presents industry-specific data and compares it to national averages, allowing for meaningful benchmarking and analysis.
The inclusion of OSHA data represents a significant step forward in Vertical IQ's commitment to providing comprehensive, value-added information to its users. By incorporating this third-party data from a highly reputable source like the Bureau of Labor Statistics, Vertical IQ is enhancing the reliability and depth of its Industry Intelligence offerings.
This development has far-reaching implications for professionals across various sectors. For instance, insurance brokers and risk management consultants can leverage this data to better assess industry-specific risks and tailor their recommendations accordingly. Jesse Walker, Vice President of CRM and Sales Success at EPIC Insurance Brokers and Consultants, emphasized the importance of this addition, stating that it allows for better evaluation of potential exposures and enables more informed advice to clients.
For banking professionals, this data can provide valuable insights into the operational risks faced by their clients or potential borrowers in different industries. This information can be crucial in assessing loan applications, understanding client needs, and providing more targeted financial services.
The addition of OSHA data also has broader implications for workplace safety and industry analysis. By making this information readily available alongside other industry-specific data, Vertical IQ is facilitating a more holistic understanding of industry dynamics. This could potentially lead to improved safety practices across various sectors as businesses gain easier access to benchmarking data and industry safety trends.
Moreover, this enhancement to Vertical IQ's platform underscores the growing importance of comprehensive, data-driven insights in today's business landscape. As industries become more complex and interconnected, having access to diverse, reliable data points becomes increasingly crucial for informed decision-making and strategic planning.
Vertical IQ's initiative also highlights the evolving nature of Industry Intelligence platforms. By continuously updating and expanding their data offerings based on user feedback and market needs, such platforms are becoming indispensable tools for professionals across various fields. This responsiveness to user needs and commitment to data quality positions Vertical IQ as a leader in the Industry Intelligence sector.
As businesses and professionals continue to navigate an increasingly data-driven world, tools like Vertical IQ's enhanced Industry Profiles are likely to play an ever more critical role in informing strategies, mitigating risks, and identifying opportunities across various industries. The addition of OSHA data is not just an enhancement to a product; it represents a step towards more comprehensive, nuanced understanding of industry dynamics and workplace safety.
