Market Insight: Revenue Opportunities For Service Firms From Digitization
Bill Pennington
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Executive Summary
This report provides insight into the revenue opportunities for digital EHS service providers and viewpoints into where the next technology options may arise. The last several years have seen EHS service firms embrace digitization as a means of enhancing value propositions and creating a differentiating advantage against their competitors. Digital technologies have allowed EHS service firms to deliver their traditional service lines – such as site remediation, air services and auditing – in a more advanced and efficient manner with higher margins at stake. Beyond enhancing traditional project delivery methods, digital technology has opened up extended service opportunities on these traditional lines. In addition, the rise of digital technology has led to newly developed digital EHS products being commercialized by EHS consulting firms, such as IoT and analytics platforms.Digital Technologies Are Offering New Revenue Opportunities For EHS Service Firms
Digital Technologies Facilitate Innovative Approaches To Traditional EHS Service Offerings
Digital Technologies Are Opening Up New Revenue Opportunities Within Existing Service Offerings
EHS Service Firms Have Developed New Digital Products To Meet Customer Demands
To Differentiate, Service Firms Must Push The Envelope On Digital Technology Adoption
Firms Should Look Towards Emerging Technology And Trends To Capitalize On New Opportunities
Future Technologies Can Open Up Greater Opportunities For Early Adopters
Figure 2. EHS Service Line Impacts From Digital Technology
Figure 3. Digital Technologies Give Rise To Expanded Service Offering Opportunities
About the Authors
Bill Pennington
VP Research
Bill is VP Research at Verdantix, where he leads analysis on the evolving and interconnected landscapes of EHS, quality, AI and enterprise risk management. His research helps ...
Rodolphe d’Arjuzon
Chief Product Officer and Co-Founder
Rodolphe co-founded Verdantix in 2008. As Chief Product Officer, he leads the firm’s research strategy and intellectual agenda. With over 20 years of experience in techn...
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