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Trackfy Technology Predicts That Real-Time Location Solutions Will Drive R$10 Billion in 2024, Increasing Safety and Productivity in Mining.
A recent study conducted by Trackfy Technology reveals that the real-time location market (RTLS) in the mining sector in Brazil is expected to drive R$ 10 billion in 2024. These technologies are essential for enhancing safety and operational efficiency in mines, ensuring a safer and more productive work environment for workers. In the current context, the application of these solutions has become indispensable for the evolution of the mining sector.
According to the survey, RTLS solutions represent a significant opportunity for the Brazilian market, driving economic growth and providing important technological advancements. This type of technology is particularly relevant for preventing accidents, as it allows for constant monitoring of operations. In terms of productivity, the benefits are undeniable, but in any case, it is crucial to tailor such technologies to the specificities of each operation, avoiding waste and ensuring effective use. The applicability of these advancements is not ‘not applicable’, being fundamental for the modernization of operations across the country.
Innovation in Mining: Solutions That Save Lives
These technological solutions are used to save lives in industrial units and large construction sites, as they enable quick decision-making in cases of risks and incidents. This is a solution that is aligned with the new concept of Industry 5.0 and also of Construction 5.0, where the well-being of the worker is the main focus of the investments made. Túlio Cerviño, CEO of the company, explains that the number is verified based on international indicators from entities such as Global Market Insights, Quupa, and Bluetooth SIG.
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Industry 5.0: A New Concept of Well-Being
Based on this data, it is estimated that the global market for real-time location systems (RTLS) has the potential to reach US$ 22 billion by 2026. Trackfy’s survey uses the TAM-SAM-SOM concept. In the Total Available Market (TAM), or Total Market, the projection for the Brazilian RTLS market is R$ 10 billion in potential. Based on this potential, Trackfy has invested in expanding its business, making its technology present in more than 20 industrial units and construction sites in three states.
How Trackfy’s Solution Works
In summary, Trackfy’s solution consists of signal emitters integrated into the helmets and badges of workers. With technologies like the Internet of Things (IoT), data analytics, and algorithms, the solution provides managers with real-time analysis of conditions in the work environments. This significantly reduces evacuation time from areas in case of incidents – a reduction of up to 30% in time – saving lives in the process.
Industries That Already Use Trackfy Technology
Large corporations in the chemical, agribusiness, steel, mining, construction, and oil sectors have already adopted Trackfy’s technological solution. In addition to improving safety, the solution is also capable of increasing productivity in these locations, with client examples showing an increase of up to 18%. According to Túlio Cerviño, in addition to international indicators, Trackfy also considers data from the Brazilian federal government (Ministry of Transport and New Industry Brazil Program), Brazilian Infrastructure Center, Steel Institute, Sebrae, and Aneel.
Vision for the Future with Industry 5.0
Investments in economic activities such as industry, ports, warehouses, and civil works indicate a growing demand for the RTLS market. For Cerviño, the development of this market is crucial for Brazil to achieve Industry 5.0 – an era that combines technology revolution with the enhancement of the human experience. The goal is to maximize performance and well-being for workers. A solution based on data analytics, digitalization, and IoT provides data, insights, and indicators in real time to make workplaces safer and more productive, improving both management capability and worker safety.
Expansion and Growth of Trackfy
Trackfy is a Brazilian company that has gained a reputation as one of the most promising in industrial management. Founded in 2020 in Salvador, the company has also expanded to São Paulo and, between 2021 and 2023, has been doubling its revenue annually. Projections for the end of 2024 indicate the continuation of this growth pace. For more information, visit Trackfy’s official website: https://trackfyapp.com.br/.
Source: © Trackfy Press
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