1. WEARABLE TECHNOLOGY IN THE WORKPLACE: STEPPING UP SAFETY Christan Flaherty, AXA MATRIX Risk Consultants

2. About the AXA Group

3. Stay ahead of your risks with AXA MATRIX Risk Consultants. AXA MATRIX Risk Consultants delivers a comprehensive range of risk management and consulting expertise to match the unique risk profile of your local and worldwide operations. Our global network of professionals combines proactive and comprehensive collaboration to help you identify current and future risks and provides pragmatic solutions to optimize and control risk. The AXA MATRIX Risk Consultants risk approach is independent, flexible, and transparent. We focus on empowering our customers to improve business results and protect brand value. Whatever your business, AXA MATRIX Risk Consultants will help manage your total cost of risk and be better prepared for a profitable and successful future, staying ahead of your risks. About AXA MATRIX Risk Consultants

4. Wearable technology refers to electronics that can be worn on the body, either as an accessory or as part of material used in clothing. One of the major features of wearable technology is its ability to connect to the internet, enabling data to be exchanged between a network and the device. Wearables are a prime example of the Internet of Things (IoT), since they are part of the network of physical objects, or “things,” embedded with electronics, software, sensors, and connectivity to enable objects to exchange data with a manufacturer, operator, and/or other connected devices, without requiring human intervention. What is wearable technology?

5. Wearable technology is here, but we’re still early in the lifecycle. These devices are part of everyday life for many, but we are still in the “early adopter” stage. What is wearable technology?

6. The fact that the term “wearables” is only a few years old is a fairly clear indication of how fast this facet of the tech industry has grown. If you widen your scope and survey the past three of four decades, you get an even more complex picture of how technology has evolved and where it may go in the future. While reasonable arguments can be offered on either side of the question of whether or not the trend is ultimately positive, the end result is that technology inarguably permeates every area of life. Wearables are just the latest example. The Rise of Wearables

7. Source: PwC Consumer Intelligence, The Wearable Life 2.0, 2016

8. Wearables haven’t achieved their iPhone moment yet, when this new category of devices reaches mass adoption and begins to invade the workplace. But that moment is fast approaching. As the Internet of Things gives way to the Workplace of Things, the influence of wearables will begin to expand. With Business Insider predicting the wearable computing market will reach 148 million units by 2019*, the wearables are most definitely coming. *Business Insider, “The Wearable Computing Report, 2014. The Rise of Wearables

9. Enterprise Applications of Wearables Wearables for work provide an opportunity to significantly improve productivity, efficiency, and safety, creating tremendous opportunities for those taking advantage… and notable risk for those not preparing a strategic response.

10. Physiolytics: the practice of linking wearable computing devices with data analysis and quantified feedback to improve performance. Physiolytics grew out of two trends: 1.A wave of innovation in wearable technologies 2.Big data (though in physiolytics, the analysis starts with a sample size of one) Enterprise Applications of Wearables

11. Tracking fitness to cut healthcare costs Eliminating the need for clunky devices Increasing worker safety Enterprise Applications of Wearables

12. Smart technology embedded in devices like glasses, watches, vests, and hard hats will become more prevalent in workers’ compensation injury prevention. Medical case management for workers’ compensation losses will also be affected by new technologies. Increasing Worker Safety

13. If wearables can indeed be used to track workers, why would we do it? Just because a technology can be deployed doesn’t mean it should be. Why Use Wearables to Track Workers?

14. Wearable sensors can help employers track and record the movement of employees, providing two important workplace safety applications: Tracking employees’ locations and alerting them to danger. Capturing body movements and comparing against reference data. Why Use Wearables to Track Workers?

15. Consider Some Examples

22. For companies with large workforces, the prospect of tracking people’s whereabouts and productivity can be welcome. But collecting data on employees’ health and their physical movement can trigger a host of potential ethical and legal headaches for employers. Obstacles to Adoption

23. With every new technology comes an entirely new set of challenges to overcome. For wearables in the enterprise, privacy may sit near the top of the list. But it is by no means insurmountable, if companies are willing to ask the right questions and deeply consider how to address them. The benefits, they may find, may well be worth the work. Understand what you’re tracking and why. Overcoming the Obstacles

24. The Kronos “Wearables at Work” survey conducted by Harris Poll found that 73% of workers are ready to embrace wearable technology at work, seeing at least one potential workplace benefit. That same survey showed that, from a group or company perspective, increasing safety for staff and customers is the number one factor that would make workers around the world more eager to use wearable technology for business-related purposes. Are we ready for wearables at work?

25. AIG thinks so. They have made a strategic investment in Human Condition Safety (HCS), an early-stage technology startup company developing wearable devices, analytics and systems for use at worksites. According to Commercial Insurance CEO Rob Schimek, “The technology from HCS will help enable us to work with clients to make their worksites safer places for their employees and help reduce our clients’ overall cost of risk. We will continue to look for more opportunities with firms like HCS that set the pace for mitigating and managing risks in ways unthinkable just a few years ago.” Are we ready for wearables at work?

26. As these technologies become more widespread, we could see a dramatic drop in workplace injuries. That’s worth a financial investment. And as wearable technology advances, employers will have more opportunities to improve safety and reduce workers’ compensation costs. Benefits of Wearables

27. Companies that are implementing pilot programs for wearables are seeing early successes. By getting ahead of the latest technologies, early adopters are able to provide input and help shape the future of wearable technologies, making them smarter, faster, more functional and more tightly integrated with daily business operations. Benefits of Wearables

28. Christan FLAHERTY Business Development Coordinator Greenville, South Carolina Tél.: +1 864 214 1714 Mobile: +1 937 867 6733 Email: christan.flaherty@axa-matrixrc.comchristan.flaherty@axa-matrixrc.com