Keeping track of assets in real time – whether it is inventory in a supply chain or patients and equipment in hospitals – is key to managing resources effectively and making cost savings.
Locatible provides real-time micro-location technology for warehousing and healthcare that can track assets, including indoors. Those assets might be products in a supply chain (anything from a high-end luxury item such as a handbag to white goods such as fridges or TVs) down to a single serial number or they could be pieces of equipment in a medical facility (such as wheelchairs or IV stands) or even patients themselves. In warehouses, where Locatible technology locates inventory, trucks and trailers to within 5cm, this precision tracking increases lift truck /labour/UPMH performance by 15-20%. In healthcare, the technology locates patients, caregivers and equipment to within 3 feet, thereby increasing patient flow, reducing bed turnover time and making use of equipment more efficient.
Irish technology company Locatible took part in the New Frontiers programme at DIT Hothouse and they are now finding receptive markets for their micro-location technology in the healthcare and warehouse markets. The business has grown organically and rapidly in the US and the Middle East and is now starting to gain traction in Asia.
Locatible took part in the New Frontiers business accelerator programme at DIT Hothouse, and DIT Hothouse continues to facilitate the company’s work with DIT researchers on technology development. The company is now based in the DIT Hothouse Incubator in DIT Grangegorman.
“DIT Hothouse shaped us through the workshops and mentors at New Frontiers. We wouldn’t be where we are going now if we hadn’t done New Frontiers, so we have everything to thank them for.”
Rónán O’Cóigligh, CEO Locatible