About Safety Critical Training
Safety Critical Training & Training Technology suppliers have a huge opportunity in the next few years because 54% of global employees, c. 2bn people, ‘will require significant re- and up-skilling’ through 2022. (World Economic Forum 2018).
4.1m people are injured a year in workplace accidents in the US costing $74bn in compensation (US-OHSA) and the EU calculates that work related ill-health and injury costs EU476bn a year – and compensation costs are increasing, as are the costs to a brand in terms of reputational damage.
Combined with this cost pressure, all safety critical/high risk industries, Medicine, Mining, Marine, Oil & Gas, Transport etc. have similar challenges in the loss of experienced staff, a need to train, possibly globally, but certainly across multiple locations, cultures, and to do so not only cost effectively but more measurably in terms of rapid, sustainable, skills transfer.
This opens up opportunity for those who know how to teach and instruct, those who build the new technology, and existing technology training devices, and for those willing to build training systems or facilitiesd for third party SME’s.
This is the market that SCT seeks to address and fortunately we have a host of technologies about to burst onto the scene that will make these goals very attainable, AI, AR, VR, Blockchain, digital twins and enhanced games for training are just some of those. Covid 19 will almost certainly accelerate the deployment of these new technologies and their use in training.