USA, California
Market: Internet and IT, Logistics and warehouses, Insurance, Transport, Mobile applications
Stage of the project: Prototype or product is ready
Create, preserve and share any kind of data on any kind of map with down to the doorway accuracy. Capture data that is presently lost and improve efficiency and customer service.
Current Status
We have four projects underway
System integration with GreenQ, and AI and senor based operations optimization system Collaborative Disaster Planning System for NATO Information verification system for Hybrid Warfare Analytical Group Supply chain transparency system for the insurance industry
Market
$10 Billion to be spent Annually by 2025 on Field Service Management (FSM) and Transportation Management Systems (TMS)*
Problem or Opportunity
60% of Workers have Difficulty finding Information they NEED to perform in a New Job
Avg 28 Hrs/Month spent working ‘inefficiently’ and 6 Hrs/Week Duplicating efforts
4 Month GAP: Avg Training Time of a New Worker = 2.5 Mos Avg Time to Learn a New Job = 6.5 Mos
Avg ANNUAL Cost of Knowledge Loss in a Large Company = $47 Million
Gartner Technology 2018 Report: Average Cost of Network Downtime = $5,600 per Minute - Up to $22,000 per Minute in Automotive Industry - Up to $10,000 per Minute for Avg Manufacturing Company
$2.4 Trillion in Natural Disaster Insurance Claims over Past 10 Years and THOUSANDS of Lives Lost
Solution (product or service)
TipTags Enables… Risk-mitigation thru operational transparency with a Patented map-based messaging platform that allows Multiple Key Stakeholders to Create, Preserve & Share Mission-critical information with others Reducing the High-cost of Knowledge Loss and Enabling Real-time Responsiveness & Operational Efficiency
Competitors
Google and ESRI are the dominant GIS companies, and there is a very atomized market in this area with no dominant players. Our product is unique and is covered by multiple patents.
Advantages or differentiators
2 granted patents, unique offer.
Finance
We are an Enterprise SaaS company, selling on a subscription basis to companies.
Primarily execution. We are not reliant on hardware. We are taking advantage of market conditions, and a critical mass of smart mobile devices and high speed data networks powering high quality mapping systems.
Incubation/Acceleration programs accomplishment
We have just finished the Plug and Play Enterprise accelerator this week.