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Can AI Investments have an ROI for Forklift Safety?
AI technology has had just as much, or even more discussion in the manufacturing, distribution centers, logistics and warehousing sectors than any other forms of technology. It is being positioned as the savior of all things. Even Deloitte’s 2024 Manufacturing Industry Outlook said, “Technology is poised to play a significant role in supporting manufacturers in taking on the challenges they may face in 2024.’ It stated that in 2024, nearly 60% of manufacturing management have increased spending on AI. Many of which are choosing AI models that are more costly, believing that (or hoping) that they will get a return on their investment. Can AI investments have an ROI for forklift safety?
Can AI Investments have an ROI for Forklift Safety?
To begin, AI should not be adopted just because it is the latest technology. There has to be thought behind it in order to get the ROI out when an investment is being put in. The AI technology should make the operation more efficient, reduce downtime, protect workers, protect the company’s investment in the facility and the products it holds. Let’s take a look at a few areas where AI investments have an ROI for forklift safety.
#1 Digital Forklift Checklist
In order to reduce downtime, you need a healthy forklift fleet. By eliminating paper and digitizing the forklift checklist, you can collect the data and practice a more prescriptive maintenance plan. That’s what an AI based forklift safety system from SIERA AI will bring. Failure of equipment will be minimal to non-existent because you’ll know what you need to do. This will also help to lengthen the life of the forklift fleet so your investment extends the 5 years. Not just this will do it, but the combination of our next topics.
#2 Forklift Access Control
Forklift access control is vital to removing accidents, deaths and violence in the workplace. If the forklift operator is not certified on that forklift, the forklift will not start. If the operator’s certification expires after notifications, the forklift will not start. If anyone tries to start the forklift, it will not start. If the forklift fails the inspection, it will not start. And, if the forklift has an impact greater than what you set, it will warn the driver that they have X amount of seconds to pull over to a safe place and it will shut down.
#3 Pedestrian and Object Detection
The beauty of AI can be ‘seen’ here. Our systems have had years of learning and knows the difference between a person and an object. It will identify it as such as warn the operator with an audio and visual alert that a person or an object is within the pre-defined distance from the forklift and to take action now. The forklift safety system can also detect a part of a person. If simply two fingers or a shoe is all that shows, the system will detect it and warn the operator a person is within distance.
#4 Data Collection and Analysis
All of this pertinent information is constantly captured in real-time and sent to the online telemetry Dashboard where it keeps track of all incidents and results. This is data that has never been collected before, analyzed and used to reduce or even stop impacts or forklift accidents from occurring.
So when it is asked, can AI investments have an ROI for Forklift Safety? The answer is absolutely. Contact us today and we’ll tell you a customer success story of how they went from accidents and damages of a couple hundred thousand dollars a year to zero. Their ROI was done in a matter of a few months.
Contact Us!
Contact us today at sales@siera.ai or call us at (512) 817 0702.