A device may determine a sensor identifier corresponding to a sensor integrated circuit (IC) associated with a sensor system. The device may provide the sensor identifier corresponding to the sensor IC. The device may receive, based on providing the sensor identifier, compensation parameter information associated with the sensor IC. The device may cause a set of compensation parameters, associated with the compensation parameter information, to be stored on a controller associated with the sensor system. The set of compensation parameters may include one or more parameters associated with correcting a measurement performed by the sensor IC or a safety result provided by the sensor IC.