The demand for product testing is growing due to increased consumer access to information and the rising complexity of products. The integration of software, IoT, and AI into everyday items creates new, second-order safety risks that require more sophisticated testing and validation.
UL Solutions is actively shaping the safety and performance standards for new technologies where formal regulations are still nascent. This includes creating a 'verified mark' for AI-powered PCs and servers and being selected to lead the U.S. government's Cyber Trust Mark program for IoT security.
The company is leveraging its vast repository of product data to build a significant software-as-a-service (SaaS) business. These offerings help clients manage chemical safety data, navigate complex regulations, and handle sustainability reporting, moving beyond simple pass/fail testing to provide ongoing data-driven insights.
The global market for products is fragmented by differing regional and national safety standards, with the U.S. being the most highly regulated. UL Solutions acts as a crucial partner for its 80,000 customers, helping them understand and meet the diverse testing requirements needed for global market access.
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