Buyer's Guide: Connected Worker Solutions - Guardhat
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
VERDANTIX.COM Buyer’s Guide: Connected Worker Solutions MARCH 2022 BY HUGO FULLER WITH MALAVIKA TOHANI This version of the report contains Verdantix’s summary of Guardhat’s capabilities to help prospective customers evaluate whether the vendor is a good fit for their connected worker requirements. It does not contain other vendor profiles. OPERATIONAL EXCELLENCE
Buyer’s Guide: Connected Worker Solutions This report provides executives at industrial sites responsible for the selection, implementation and management of software, hardware or services for connected worker (CW) solutions with an up-to-date analysis of 28 prominent CW solutions on the market. The analysis of the report leverages data drawn from seven questionnaires from prominent CW solution providers, as well as from briefings and demos delivered to Verdantix. The report also includes insights drawn from our annual surveys of decision-makers in operations, maintenance, engineering and process safety roles. Buyers should use this report to support them in their search for CW software and any associated hardware, alongside service offerings that fit their requirements. TABLE OF CONTENTS Connected Worker Solutions Buyer’s Guide 2022 .............................................................................................. 4 Demand For Connected Worker Solutions Is Surging Connected Worker Solutions Solve Seven Major Use Cases Vendors Pursue Multiple Strategies To Enhance Their Product Offerings And Gain Market Share Customers Shortlisting A Connected Worker Solution Should Apply Five Criteria During The Selection Process Inclusion Criteria For The 2022 Connected Worker Solutions Buyer’s Guide ............................................... 15 Guardhat’s IIoT Platform And Wearables Solve A Variety Of Operational And EHS Usage Scenarios TABLE OF FIGURES Figure 1-1. Use Case Coverage Of CW Solution Providers ............................................................................................. 6 Figure 1-2. Use Case Coverage Of CW Solution Providers ............................................................................................. 7 Figure 2-1. CW Solution Deal Flow: Acquisitions And Investments (January 2018–December 2020) ..................... 11 Figure 2-2. CW Solution Deal Flow: Acquisitions And Investments (January–December 2021) .............................. 12 Figure 3-1. Product, Industry Focus And Publicly Named Customers Of CW Solution Providers ........................... 13 Figure 3-2. Product, Industry Focus And Publicly Named Customers Of CW Solution Providers ........................... 14 Figure 4. Five Criteria Customers Should Apply When Selecting A Connected Worker Solution Provider ............ 16 Figure 5. Guardhat’s Connected Worker Solution Overview ....................................................................................... 18 BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 2 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
ORGANIZATIONS MENTIONED 3M, A4BEE, Accenture, Adapt IT, ADT Security, AGCO, Air Liquide, Airbus, AMA, Amazon, Apple, Appligos, Apprentice.io, AT&T, Atheer, Audi, Augmentir, Avanade, AVEVA, Avnet, Aware360, AWS, BAE, Barton Malow, Bid Group, Blackline Safety, Boehringer Ingelheim, British Telecoms, Bühler, CANCOM, Capgemini, CareAR, Caterpillar, CEMEX, Certified Safety, Cisco Systems, Clorox, Coca-Cola HBC, Colgate-Palmolive, Confederation of British Industry, Crescentech, Damstra Technology, Daqri, Deloitte, DHL, Dino-Lite, Dräger, Dust Mobile, Dynabook, ecom, EIC, Enablon, Encina Wastewater Authority, EnerCorp, Epson, Equivital, European Union, Facebook, Federal Ministry of Education and Research (Germany), Ferrovial, Fike, Fitbit, Flanders Make, FLIR, Flype, FrieslandCampina, Fujitsu, GE Healthcare, Gemba Systems, GEOS, German Research Center for Artificial Intelligence, Getac, GOARC, Google, Grupo Bimbo, Grupo Datco, GSK, Guardhat, Halliburton, Heineken, Henkel, Hexoskin, Honeywell, Howden, IATA, iBASEt, Iberia, IBM, Industrial Scientific, Inmarsat, Innovapptive, Intelex, International Organization for Standardization, InUse, ION, Iridium, Iristick, iSafe, KENZEN, Keppel Offshore & Marine, KOAMTAC, Koenig & Bauer, Kognitiv Spark, KPMG, Kraft Heinz, Krones, Librestream, LLVision, Lone Worker Solutions, Magic Leap, McCarthy Building Companies, McKinsey, Medtronic, Michelin, Microsoft, Mitsubishi, National Institute of Standards and Technology, Northern Ireland Water, NOV, NTT, OBW, oculavis, ODG, OEG, Olympus, OnSIM, ONtheGO Platforms, Optalert, Orange, Osborne, OverIT, Parsable, Peoplesafe, Pepperl+Fuchs, Philips Lighting, Pipedrive, Poka, Porsche, Pratt & Whitney, Proceedix, ProGlove, Proplanner, PTC, PwC, Qualcomm, Raytheon, RE’FLEKT, RealWear, Renault, Rockwell Automation, Rolls-Royce, Rombit, Safran Helicopter Engines, Salesforce, Samsung, SANY America, SAP, SAP.iO, Saudi Aramco Energy Ventures, Schaeffler Group, Schuler, Scope AR, ServiceMax, ServiceNow, SGS, Shell, SICPA, SightCall, Signify, Sirris, SlateSafety, SmartConnect, Snap-on, soft2tec, Sopra Steria, SOTI, SpaceView, Sparta Systems, StrongArm Technologies, Suntory, Symphony IndustrialAI, Tableau, Taqtile, TeamViewer, TenForce, Tesco, TIKS, Totalmobile, Toyota, TrackWise, Triax, Trimble, TWNKLS, U.S. Steel, Ubimax, UK Health and Safety Executive, Upskill, US Bureau of Labor Statistics, US Department of Energy, Vault Intelligence, Verizon, Vlahi, Volkswagen, Volvo, Vuforia, Vuzix, Walmart, Waypoint Labs, Wearable Technologies, West Fraser, Westinghouse Electric Company, Westunitis, World Health Organization, XMReality, Yamato, Zebra. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 3 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
Connected Worker Solutions Buyer’s Guide 2022 This report provides decision-makers at industrial facilities responsible for the selection, implementation and management of software, hardware or services for connected worker (CW) solutions with an up-to-date analysis of 28 prominent CW solutions on the market. The providers analysed in the report are primarily software suppliers, although several have also developed proprietary hardware as part of their offering. This report leverages data collected between December 2022 to February 2022 from seven CW solution providers via questionnaires, namely from AMA, Atheer, Damstra Technology, Guardhat, Librestream, Parsable and Proceedix, as well as briefings from Guardhat, Librestream, Parsable, PTC and RE’FLEKT. The report also includes findings from our annual global survey with 256 executives in operations, maintenance, engineering and process safety roles (see Verdantix Global Corporate Survey 2021: Operational Excellence Budgets, Priorities & Tech Preferences). Buyers should use this guide to inform their search for CW solutions and services that fit their requirements. Demand For Connected Worker Solutions Is Surging The connected worker solutions market has proven robust in the face of challenges wrought by the COVID-19 pandemic, with CW solutions helping to bridge the gaps caused by staff shortages through access to remote expertise and to manage COVID outbreaks through contact tracing capabilities. Spend in the connected worker solution market will reach $2.2 billion in 2022 and is forecasted to grow by 14% year over year to $4.2 billion in 2026 (see Verdantix Market Size And Forecast: Connected Worker Solutions 2020-2026 (Global)). Verdantix attributes this growth to: • New corporate strategies to improve worker retention at industrial facilities. Labour shortages have emerged as a serious risk to growth for firms across all industries. In the UK, the pandemic coupled with Brexit has led to a record number of vacancies owing to an increased rate of voluntary resignation, alongside a shortage of job seekers. In manufacturing, for example, the Confederation of British Industry has forecasted up to two years of skilled worker shortages. An ageing workforce is another contributor to the reduced talent pool within asset heavy industries. In 2017, the US Department of Energy estimated that 25% of all electric and gas utility, and nuclear generation employees would retire over the next five years. In the UK, the percentage of plant and machine operators over the age of 55 increased by 5.5% between 2016 and 2021. To tackle labour shortages, firms are exploring new ways to achieve operational efficiencies and attract younger talent through innovative technologies within the connected worker space. • Increasing worker engagement in safety best practices. In the Verdantix 2020 global corporate survey, 54% of the 259 respondents highlighted positive engagement of front-line workers in safety as very important when prioritizing spend on connected worker solutions. According to the US Bureau of Labor Statistics, the number of fatal work injuries plateaued between 2010 and 2020, with 4,690 in 2010 and 4,764 in 2020. Firms are increasingly considering CW solutions such as wearables to solve worker safety issues such as alarm fatigue and improper personal protective equipment (PPE) usage. Witness KENZEN, an industrial wearables provider and McCarthy Building Companies, who partnered in 2021 to develop wearable heat-detection technology, which notifies workers of heat risks through KENZEN wearables. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 4 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
• Anticipation of productivity and efficiency gains. Digital transformation strategies bring with them the promise of operational efficiencies through the streamlining and consolidation of processes within a digital framework. CW solutions help front-line workers achieve these efficiencies. A global brewery firm rolled out Parsable’s connected worker solution to digitize its clean, inspect and lubricate (CIL) processes, achieving a 5% gain in overall equipment effectiveness. Internet of Things (IoT) gas monitors from suppliers such as Blackline Safety and Industrial Scientific allow users to detect hazardous gases, provide the location of the hazard and discuss it with relevant personnel, all from the same device. • Greater investment in solutions after successful trial projects during the pandemic. COVID-19 mandated new approaches to normal practices owing to travel bans and staff shortages. Industrial firms recognized the role CW solutions could play in these new approaches: 30% of respondents in the 2020 edition of our annual global corporate survey noted that COVID-19 and the recession had driven investment in trials for connected worker solutions for health and safety. Regarding mobile apps for inspections, maintenance planning and execution, and augmented reality (AR) solutions for remote assistance, 21% of the respondents mentioned trialling mobile apps, while 36% planned investment in augmented reality solutions for remote assistance. As of February 2022 the World Health Organization has signalled a ‘new phase’ of the pandemic in Europe, alluding, albeit cautiously, to an end of the current ‘emergency’ status across Europe. Armed with proof points gathered through trial projects during the pandemic, firms will look to scale up implementations of CW solutions. • Maturing of connected worker hardware. A major barrier to the adoption of CW solutions has been the availability of useable, scalable and affordable hardware, despite the efforts of numerous hardware suppliers. There have been several casualties of high-profile hardware developers over the last five years. ODG, a smart glasses developer, burnt close to $60 million of funding before folding in 2019. Daqri’s $275-million gamble on smart helmets failed in the same year, and Magic Leap, a smart glasses manufacturer, has been plagued with layoffs after a strategic shift towards the enterprise market in 2020, despite $3.5 billion in funding to date. However, these reality checks have run in parallel with the success of RealWear and Vuzix, both manufacturers of smart glasses and head-mounted displays (HMDs), both of which have recently launched new iterations of their products. Similarly, Blackline Safety, a producer of connected safety gas monitors, has found success in Europe and North America, particularly in the utilities space. • Rising emphasis on real-time risk management in worker safety. Given that smartphones allow for instant communication with anyone in the world who has an internet connection, immediacy has become an expectation in the modern world. The industrial space has been something of a laggard in this respect – in part because the first wave of smartphones and wearables were unsuitable for industrial sites, and because internet connectivity is not seen as a high priority at industrial sites by budget holders and decision-makers. The benefits of real-time risk management are self-evident, however, and this reality has spurred interest in CW solutions as tools to improve worker safety in real-time (see Verdantix Best Practices: Moving EHS To Dynamic Risk Management). Internet- connected SOS buttons and man-down sensors on wearables or mobile apps offered by firms such as Aware360, Blackline Safety or Peoplesafe provide a no-nonsense, unobtrusive view into worker health status. Vital signs monitoring offers even greater insight into the health of the workforce, allowing for preventative actions when a worker’s vital signs show precursor indications of a larger issue. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 5 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 1-1 Use Case Coverage Of CW Solution Providers Digital Work Monitoring: Monitoring: Monitoring: Forms And Monitoring: Remote Vendor Logistics Envir1 Lone Ergonomics Operational Vital Signs Assistance Hazards Workers And Motion Insights 3M AMA ( )2 Atheer AVEVA Avnet Blackline Safety CareAR Certified Safety Damstra Technology Fujitsu GOARC Guardhat Honeywell Industrial Scientific Innovapptive Source: Verdantix research and analysis. Note (1): (✔) denotes use case offered through partnership. Note (2): Envir = Environmental BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 6 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 1-2 Use Case Coverage Of CW Solution Providers Digital Work Monitoring: Monitoring: Monitoring: Forms And Monitoring: Remote Vendor Logistics Envir Lone Ergonomics Operational Vital Signs Assistance Hazards Workers And Motion Insights Kognitiv Spark Librestream oculavis Parsable Peoplesafe Poka Proceedix ( ) PTC Scope AR SightCall StrongArm Tech Taqtile TeamViewer Trimble XMReality Source: Verdantix research and analysis. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 7 COPYRIGHT © VERDANTIX LTD 2007 -2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
Connected Worker Solutions Solve Seven Major Use Cases The adoption of CW solutions is on the upswing as corporates look to overhaul their approaches to improve worker productivity, safety and satisfaction through innovative technologies. CW solutions have several applications across operations, maintenance, logistics, and health and safety (see Figure 1-1 and 1-2). Key use cases consist of: • Delivering digital work instructions and operational insights. Many firms in asset-intensive industries still use pen and paper for checklists, work instructions and inspections, which can lead to challenges in document management and traceability down the line. Digital work instructions functionality is spread across three areas: (1) authoring, where users can import existing physical forms or create digital equivalents from scratch, usually in a no- or low-code environment; (2) publishing, where digital forms are distributed to the relevant personnel; and (3) viewing, where relevant personnel can access the instructions via an application on a smartphone, tablet or wearable. Most solutions provide all three functional elements across a desktop application and a mobile or wearable device. Suppliers of digital work forms include Atheer, Librestream, Parsable and Proceedix. • Providing remote assistance for maintenance and operations. Remote assistance is not a revolutionary concept: AT&T engineers were using a predecessor to mobile phones as early as the 1940s to get external help away from stationary telephones when necessary. The development of video calling technology along with AR has, however, brought workers a more streamlined collaboration experience. Applications on smartphones or tablets allow workers to communicate with one or several external contacts – team members or experts – concurrently, and AR annotations expedite the resolution of work tasks (see Verdantix Smart Innovators: Augmented Reality Solutions For Remote Assistance). Smart glasses and HMDs, offered by firms such as RealWear, Microsoft, Vuzix and Zebra, provide the same benefits, but enhanced via handsfree functionality. • Undertaking warehouse picking and equipment tracking for logistics applications. Logistics usage scenarios span an organization’s operations, covering a variety of scenarios. A major use case is man-machine proximity warning wearables. According to the US Bureau of Labor Statistics, in 2020, 7,290 non-fatal injuries occurred because of forklift-related incidents, with 78 fatalities. To counteract these collision events, Rombit, a Belgian industrial wearable producer, offers Rombit Collision Avoidance, which uses a series of worker-worn sensors in combination with ultra-wideband (UWB) receivers to provide proximity alerts to forklift drivers and on-foot workers. Other logistics use cases include warehouse applications, such as TeamViewer’s xPick, which uses AR to identify and locate stock via smart glasses or HMDs. • Monitoring of environmental hazards, such as harmful gases. Environmental hazard monitoring includes the detection of gases and abnormal temperatures via wearables, which can be connected to a smartphone. Gas detection is a key process in several industries such as oil and gas, mining, metals and minerals, and utilities, to ensure the health of personnel as well as physical assets. Mobile IoT gas detection is offered by the likes of Blackline Safety, Dräger and Industrial Scientific. Industrial Scientific’s Ventis Pro5 provides real-time gas alerts and panic alarms in tandem with GPS location monitoring to facilitate a rapid response when gas detection alerts occur. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 8 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
• Monitoring for lone worker safety and productivity. There are specific requirements to protect workers who frequently work alone, especially in regions with limited or zero internet or cellular connectivity. Frequently these capabilities overlap with other use cases, such as man-down alarms which help bring emergency services more rapidly to assist lone workers. Totalmobile, a field service management software provider, offers Protect, through which alerts are routed to a specialized alarm-raising-centre, which then sends the alert to relevant personnel. Damstra Technology offers Solo Satellite, an in-vehicle router that provides internet connectivity to lone workers in remote regions via satellite when cellular connectivity is lost. Workers can then access GPS data, such as nearby beacons, and send check-in alerts to supervisors at timed intervals. • Monitoring for worker vital signs such as heart and respiration rate. Vital signs monitoring covers a wide variety of applications, including the tracking of the heart and respiration rate, temperature, and fatigue levels of workers (see Verdantix Smart Innovators: Connected Worker Solutions For Health And Safety). Despite their popularity in consumer markets through vendors such as Fitbit, the adoption of vital signs and health-metrics tracking wearables in the industrial space has been slow, hampered by high costs and reticence from workers concerned about privacy. However, specific applications of IoT vital signs monitoring wearables have gained traction, such as Optalert’s fatigue tracking glasses and Hexoskin’s electrocardiogram (ECG) and respiratory tracking smart garments, which have been worn by astronauts on the international space station. Another example is Pepperl+Fuchs’s Smart-Ex Watch, an intrinsically safe smartwatch, based on the Samsung Galaxy smartwatch, for the oil and gas industries. • Monitoring for worker motion and ergonomics. The UK Health and Safety Executive reported that 33% of non-fatal injuries between 2020 and 2021 were from slips, trips or falls on the same level, and a further 8% were caused by falls from height. The US Bureau of Labor Statistics recorded 805 fatalities from slips, trips and falls in 2020 – 17% of the total workplace fatalities in that period. The frequency of these incidents has led to the development of motion-monitoring wearables, which deliver timely help for man-down events through mobile applications and wearables. SmartConnect’s Smart Badge is a wearable with an in-built accelerometer, altimeter and motion detector which emits an alarm and notifies relevant personnel when a man-down event occurs. Ergonomics wearables seek to improve the body position of a worker to avoid injuries. Walmart reduced ergonomic-related injuries by nearly 65% in a year using the FUSE FLEX industrial wearable offered by StrongArm Technologies. Vendors Pursue Multiple Strategies To Enhance Their Product Offerings And Gain Market Share Verdantix categorizes the numerous CW solution usage scenarios under seven overarching categories across health and safety, and operations. CW solution providers come from a variety of backgrounds, ranging from incumbents in the asset management, EHS and field service management (FSM) software spaces, to start-ups and medium-sized firms providing solutions for specific usage scenarios. Vendor strategies vary depending on the markets they serve, with approaches including: • CW software suppliers seeking platform agnosticism through partnerships. Providing applications for both Android and iOS devices is a given for CW software suppliers. However, certain providers have developed more refined applications for specific operating systems, such as Librestream’s Onsight platform, which has achieved Apple’s Made for iPhone/iPad certification. On the hardware side, CW software suppliers partner with a variety of wearable manufacturers, who produce BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 9 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
smart glasses, HMDs, smart garments and other wearables. Microsoft, RealWear and Vuzix have partnerships with numerous CW software suppliers, such as reseller agreements which facilitate packaged implementations. • CW solution providers alleviating connectivity challenges through partnerships. To overcome the challenges around connectivity that plague industrial sites, CW solution providers have partnered with communications firms. AMA resells Dust Mobile sim cards, which use OnSIM, a mobile network providing secure end-to-end connectivity between users. oculavis has partnered with CANCOM, an IT infrastructure service provider for Germany and Austria, while Librestream has partnered with Cisco Systems and Inmarsat, a British satellite telecommunications firm. • Established businesses in adjacent markets entering the CW solution space through acquisition. Several larger players in the CW solution market secured their position through the absorption of smaller vendors (see Figure 2-1 and 2-2). PTC’s $65-million acquisition of Vuforia from Qualcomm in 2015 kickstarted its suite of augmented reality products, further strengthened in 2019 through the purchase of AR services agency, TWNKLS. TeamViewer, the remote access software supplier, bolstered its remote assistance product in 2020 through the $156-million acquisition of Ubimax, the German remote assistance and digital work instruction solution provider. This was followed in 2021 with the acquisition of Upskill, which offered an AR platform for remote assistance and digital work instructions. • EAM and APM software providers investing in CW solutions for integrated risk management. CW solutions help to bridge the gap between heavy assets and the front-line workers who operate, maintain and repair them. Strategies vary across asset performance management (APM) and enterprise asset management (EAM) software suppliers, ranging from the more acquisitive to partnership-based approaches. AVEVA has partnered with OEG, an industrial training platform provider, for virtual reality training and with Poka, a connected worker solution provider, to launch Teamwork, a work instructions and training content management platform. IBM launched its Maximo Mobile EAM application in February 2021 and Symphony IndustrialAI acquired Belgian digital work forms software provider Proceedix in December 2021. • EHS software firms forging closer ties with CW solution suppliers to provide real-time worker insights. With mobile apps now a standard offering within the EHS software market, established players are looking to connected wearables to drive greater insight into the real-time safety status of workers. HazardIQ for iNET is an integration between Intelex’s EHS software application and Industrial Scientific’s gas detectors, increasing visibility for alarm data and allowing for streamlined corrective actions through the elimination of data silos. TenForce partnered with Rombit, which provides a configurable wearable, the Rombit ONE, for lone worker support and man-down detection. Honeywell collaborated with Enablon to integrate data from the former’s AI-driven body temperature scanners within Enablon’s EHS and risk management software. • FSM software suppliers streamlining field work through connected worker hardware and software. FSM software suppliers are enhancing their solution by integrating with connected worker solutions to overhaul customer field-work practices. OverIT, an Italian FSM software provider, offers SPACE1, an AR collaboration tool for field workers, which is optimized for RealWear devices. Several remote assistance solution providers have direct integrations with FSM platform providers – SightCall’s remote assistance calls can be accessed within ServiceNow and Salesforce. The confluence of FSM software and CW solutions is set to continue, especially as hands-free wearables mature. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 10 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 2-1 CW Solution Deal Flow: Acquisitions And Investments (January 2018–December 2020) 2018 Transaction Description February Investment RealWear raises $17.1 million in Series A funding. March Investment Upskill raises $17.2 million in corporate funding. April Investment Kognitiv Spark raises $200,000 in seed funding. April Investment Parsable raises $45 million in Series C funding. April Acquisition PTC acquires AR work instruction authoring tool creator, Waypoint Labs. May Investment Damstra raises $10 million in Series A funding. June Investment RE'FLEKT raises $4.4 million in Series A funding. September Investment Guardhat raises $20 million in Series A funding. September Investment Apprentice.io raises $8 million in Series A funding. October Investment Magic Leap raises $461 million in Series D funding. 2019 Transaction Description February Investment RE'FLEKT raises $1.3 million in Series A funding. February Investment RealWear raises $5 million in debt financing. March Investment Scope AR raises $9.7 million in Series A funding. April Investment Magic Leap raises $280 million in corporate funding. April Investment Innovapptive raises $16.3 million in Series A funding. June Acquisition Industrial Scientific acquires EHS software firm Intelex for $0.57 billion. June Acquisition PTC acquires AR services firm, TWNKLS. June Investment RealWear raises $16.5 million in debt financing. July Investment RealWear raises $80 million in Series B funding. July Investment oculavis receives $2.8 million in funding from the European Innovation Council. August Acquisition Atheer acquires Flype. October Investment Upskill raises $7.6 million in venture funding. October Investment GOARC raises $8.5 million in Series A funding. 2020 Transaction Description May Investment Magic Leap raises $350 million in venture funding. June Investment Librestream raises $24 million in Series D funding. July Investment Apprentice.io raises $7.5 million in venture funding. July Acquisition TotalMobile acquires lone worker safety and productivity solution provider, Lone Worker Solutions. July Acquisition TeamViewer acquires remote assistance and digital work instruction solution provider Ubimax for $156.2 million. August Investment Parsable raises $60 million in Series D funding. August Investment Blackline Safety raises $28 million in post-IPO equity. September Investment Vuzix raises $15.5 million in post-IPO equity. November Investment Apprentice.io raises $24 million in Series B funding. December Acquisition Damstra Technology acquires cloud-based mobile app provider, Vault Intelligence. Sources: Verdantix research and analysis, Crunchbase BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 11 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 2-2 CW Solution Deal Flow: Acquisitions And Investments (January–December 2021) 2021 Transaction Description March Acquisition TeamViewer acquires AR platform provider, Upskill. April Investment Vuzix raises $97.8 million in post-IPO equity. May Investment Innovapptive raises $5.7 million in venture funding. May Investment SightCall raises $42 million in Series B funding. June Investment Triax raises $12.5 million in Series A funding. July Acquisition Facebook acquires patents for Daqri's 'smart helmet'. September Investment Blackline Safety raises $31 million in post-IPO equity. September Acquisition Damstra Technology acquires document management solution provider TIKS for $18 million. October Investment Magic Leap raises $500 million in venture funding. November Investment Augmentir raises $8.5 million in Series A funding. December Acquisition Symphony IndustrialAI acquires digital work instruction solution provider, Proceedix. Sources: Verdantix research and analysis, Crunchbase Customers Shortlisting A Connected Worker Solution Should Apply Five Criteria During The Selection Process Vendors in the CW space are pursuing several strategies forged off the back of acquisitions and partnerships to extend the value of their solutions. Providers offer varying breadths and depths of capabilities for connected worker applications and prospective customers should consider CW solution providers with: • Proven track records in relevant industries. While applications of connected worker solutions are relatively industry agnostic, each industry – and each firm – has its own characteristics that can affect compatibility with external solution providers (see Figure 3-1 and 3-2). Buyers should scrutinize the robustness of industry-relevant case studies provided by potential candidates to minimize after-sales support for industry-specific implementation challenges (see Figure 4). • Service offerings for rapid time-to-value and post-sales support. The time-to-value for a CW solution depends on the specific application. More lightweight implementations, such as mobile apps for work instructions, can be turned around in a matter of weeks. When wearables are added to the mix, establishing infrastructure suitability, and managing change can extend the time-to-value significantly. In each case, buyers should consider vendors who provide services in-house or through a partnership with a third-party service provider, to expedite implementation and assist with queries once the solution is up and running. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 12 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 3-1 Product, Industry Focus And Publicly Named Customers Of CW Solution Providers Number of Publicly Vendor Product(s)1 Industry Focus Named Customers Connected Safety Platform, 3M Safety Heavy Equipment & Machinery, Power Generation, 3M
FIGURE 3-2 Product, Industry Focus And Publicly Named Customers Of CW Solution Providers Number of Publicly Vendor Product(s)1 Industry Focus Named Customers Kognitiv Aerospace & Defence, F&B and FMCG, Mining, RemoteSpark 10-19 Spark Metals & Minerals Onsight Platform, Onsight Cube-Ex, Librestream Aerospace, Power Generation, Oil & Gas 20-29 Onsight Hub oculavis oculavis SHARE Automotive, Chemical, Heavy Equipment & Machinery
• Strong security capabilities for customers in verticals where security is a top priority. A secure internet connection is a baseline expectation for most implementations of internet-connected technology in heavily industrialized verticals. For certain organizations, such as those in aerospace, security is prioritized to an even greater degree. CW solutions ingest large volumes of highly sensitive employee data, such as location and vital signs, as well as information shared via remote assistance calls. Buyers must also be aware of employee’s privacy expectations, especially considering a key barrier to worker adoption is rooted in worker discomfort with their personal data being captured and shared without oversight. These concerns can be allayed when selecting CW solution providers who comply with the European Union’s General Data Protection Regulation (GDPR), or are certified for cyber security standards from organizations such as the International Organization for Standardization (ISO), such as ISO 27001 and 27018. • Low-bandwidth or offline functionality for users in workplaces with low connectivity. For most front-line workers, internet connectivity is intermittent as a rule and often non-existent. Wi-Fi availability is not a high priority at most industrial sites and lone workers are frequently deployed to remote areas without broadband cellular coverage. As such, buyers should look to CW solution providers who can cater for low-bandwidth usage scenarios, such as remote assistance calls with less than 1.2 megabits per second upload and download speed. Offline functionality should include downloadable work forms or automatic uploading of inspection data collected offline once connectivity has been restored. • High-value integration options across hardware and software. Integrations are at the core of CW solutions, allowing for the frictionless introduction of new software or hardware into existing processes. Software aimed at digital work forms and remote assistance tends to be hardware agnostic, running on smartphones, tablets or wearables. But for buyers who are considering a dual implementation of software and hardware, selecting providers with relevant partnerships or reseller agreements can simplify the process, and unlock additional functionality where software is optimized with specific hardware in mind. Integrating CW software with existing software is key to reducing time spent on change management. Examples include integrating digital work forms within maintenance workflows distributed from an EAM system or inspection tasks from FSM software. Inclusion Criteria For The 2022 Connected Worker Solutions Buyer’s Guide Across all geographies, the CW solution market is fragmented, with huge white space potential. There is a wide range of providers active in the market, providing solutions with differing levels of maturity and depth of functionality. Verdantix has produced detailed profiles of 11 CW solution providers that have: • CW solution revenues exceeding $2 million. A minimum threshold of $2 million in revenues from CW solutions was set to ensure all CW solution providers included have a significant customer base. • At least five named customers using the provider’s CW solution. A minimum threshold of five publicly named customers using the provider’s CW solution was set to ensure good coverage of relevant industry and implementation scales. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 15 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 4 Five Criteria Customers Should Apply When Selecting A Connected Worker Solution Provider 1 2 3 Customer Proof Flexible Services Comprehensive Points For Offerings For Security Specific Industries Implementation Capabilities 4 5 Low Bandwidth High Value And Offline Integration Functionality Options Source: Verdantix research and analysis • Comprehensive functionality for at least two out of the seven use cases considered. Environmental hazard monitoring, logistics, lone worker monitoring, motion monitoring and ergonomics, operational insights and work instructions, remote assistance for maintenance and operations, and vital signs monitoring are the major use cases for connected worker solutions. Providers had to support at least two use cases to be considered for inclusion in the buyer’s guide. Based on these criteria, this report includes profiles on AMA, Atheer, Blackline Safety, Damstra Technology, Guardhat, Librestream, Parsable, Proceedix, PTC, TeamViewer and SightCall. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 16 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
Guardhat’s IIoT Platform And Wearables Solve A Variety Of Operational And EHS Usage Scenarios Headquartered in Detroit, US, Guardhat was incorporated in 2014 and has opened a second office in Chicago, with plans for a third location in Silicon Valley. The firm’s flagship offering is a SaaS platform for worker connectivity alongside a smart hard hat, the Communicator, which provides Type 1, Class-G protection alongside wireless connectivity. The firm also offers a ruggedized, touch screen wearable, the Scout tag, as well as a mobile app. For implementation, the firm has an in-house professional services team that works directly with end users as well as a network of partners that offer implementation services. Guardhat has raised over $40 million across six funding rounds, and the firm was recently part of a business accelerator programme led by SAP.iO, SAP’s business incubation arm. Key Takeaways Verdantix found that Guardhat and its connected worker solution have: • A connected worker platform that supports a variety of use cases. The Guardhat platform is the foundation on which the firm’s proprietary wearables and software applications can be integrated with external systems, such as ERP, and manufacturing execution systems (MES). The Communicator smart hard hat has in-built sensors for temperature, humidity and noise level, and worker location can be tracked through Guardhat or an integrated third-party wearable and the Guardhat mobile app, which is available for Android devices, with an iOS app planned for release in 2022. Guardhat smart hard hats and the Guardhat mobile app have video and audio call capability for remote assistance calls, as well as media collection capabilities, with data saved within the Guardhat platform (see Verdantix Guardhat Offers A Holistic IIoT Platform For A Multitude Of Connected Worker Usage Scenarios). • More than 30 partners including technology providers and system integrators. Guardhat extends its value to customers through partnerships with hardware providers, software suppliers and system integrators. For smart glasses and HMDs, the firm works with RealWear and Vuzix. Other hardware partners include Equivital and SlateSafety, who supply vital signs monitoring devices, and RKI Instruments, who supply mobile gas detectors. Guardhat works with SAP and IBM for integration into enterprise software systems, as well as with Microsoft for Azure and Amazon for AWS. Go-to-market partners include Deloitte and Caterpillar – CAT dealers resell Guardhat solutions to existing customers of Caterpillar products for surface mining operations. • Diverse North American customer base in heavy industries. Guardhat’s clientele are primarily North American and are drawn from a variety of industries. In manufacturing the firm works with Snap-on, an American industrial tool and equipment manufacturer and U.S. Steel, a steel producer. Other customers include US construction firm Barton Malow, Canadian forestry outfit West Fraser, and US nuclear technology supplier Westinghouse Electric Company. Westinghouse used a white labelled version of the Guardhat platform, WEConnect, in 2020 to bring remote expertise to front-line nuclear plant workers. BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 17 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
FIGURE 5 Guardhat’s Connected Worker Solution Overview Category Attributes Details Vendor name Guardhat HQ Detroit, US Vendor Overview Founded 2014 Employees 68 Guardhat Platform, Guardhat App, Guardhat Communicator, Solution name(s) Guardhat Scout, Guardhat Lone Worker, Guardhat Worker Condition Monitoring, Guardhat Gas Detection Analytics − Hardware: One-time purchase − Software: SaaS per user or enterprise pricing Pricing model − Implementation: network connectivity fees are wrapped into the solution CW Solution − Hardware: Equivital, RealWear, RKI, Slate Safety, Vuzix Offering − Integration/Services: CBT Technologies (CBT), United Safety, Partners Deloitte, RKI Instruments, Caterpillar, Westinghouse − Software: SAP EHS, IBM Maximo − Communications/Infrastructure: AWS, Azure Integration & APIs Custom integrations for ERP software. Emergency Response provides evacuation and mustering capabilities Additional features which accounts for all employees with real-time location data Number of CWS customers 15 Barton Malow, Caterpillar, Ferrovial, Snap-on, U.S. Steel, West CW Solution Example named customers Fraser, Westinghouse Customer Footprint Location of customers North America 75%, Europe 20%, Middle East 5% Industry focus Mining, Minerals & Metals, Oil & Gas, Power Generation Source: Guardhat; Verdantix research and analysis BUYER’S GUIDE: CONNECTED WORKER SOLUTIONS 18 COPYRIGHT © VERDANTIX LTD 2007-2022. LICENSED CONTENT, REPRODUCTION PROHIBITED
VERDANTIX CAPABILITIES RESEARCH, ADVISORY, INSIGHTS & EVENTS Through our research activities and independent brand positioning we provide clients with: Research relationships based on an annual research subscription Confidential advisory services such as commercial due diligence Thought leadership studies for brand building and lead generation Executive summits, roundtables and webinars Advisory workshops to rapidly increase your sector knowledge Multi-country and complex customer survey projects Marketing campaign support with analysts and content VERDANTIX MARKET COVERAGE Environment, Health & Safety Operational Excellence Focuses on the software and services Focuses on helping managers in operations, asset markets that enable corporations to improve reliability, process safety and maintenance roles their performance across environment, to leverage technologies which enhance health and safety including compliance, risk production reliability, asset health and and performance. operational safety. Smart Building Technologies ESG & Sustainability Focuses on software, intelligent building Focuses on the decisions of investors, tech technologies and consulting services that providers, financial services firms and corporate enable real estate and facilities executives leaders. Conducting in-depth research on the full to optimize the value and performance of range of services and technologies required to their building portfolios. succeed with ESG and sustainability strategies. WHY VERDANTIX? Verdantix is an independent research and advisory firm with expertise in digital strategies for Environment, Health & Safety, ESG & Sustainability, Operational Excellence and Smart Buildings. Our mission is to anticipate the insights and data that our clients need so you can succeed with growth strategies, invest wisely and optimize performance. WWW.VERDANTIX.COM
You can also read