what is the toolsense technology?
TOOLSENSE-MODULE: DIRECT CONNECTIVITY TO THE CLOUD
Technologies that need gateways (eg BLE) are not fit for the reality on the jobsite. We say: Tool Connectivity has to work directly, out of the box and without the contractor having to do anything. That’s why we work with the newest telecommunication technologies: to connect the tool directly, without needing a gateway – just like your smartphone.
Local Machine Learning Algorithm
At the moment connected tools solutions just stream sensordata over long periods of time. This is energy-expensive and especially draining for battery tools. There’s a smarter way: We analyze the sensordata directly on the ToolSense-Module, compress it locally and just send the insights – that’s why we are more energy-efficient than current BLE solutions.
Plug & Play Iiot-Infrastructure
We enable rapid time-to-market for Tool OEMs by providing prefabricated ToolSense-Modules, a scalable, secure IoT-Cloud as well as frontends and mobile applications for all users of the connected tools solution: OEM’s salesforce, Rental Companies, Product Management and Contractors.
business impact
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GENERATE on avg. 35% MORE REVENUE (sales intelligence & digital products)
ToolSense enables OEMs to gain valuable insights in contractor`s tool-usage – based on the analysis of real-time sensor data. This allows OEMs to sell more tools, sell more consumption-material and sell new digital products, such as asset management or productivity consulting.
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reduce cost for maintenance and repair logistic by up to 40%
Even powertools have bugs: with ToolSense OEMs can update the firmware of the tool without the contractor even noticing – no repair logistics necessary. Furthermore the OEM's customer service can take care of problems before the contractor knows about them - by using information generated with the ToolSense Anomaly Detection Algorithm.
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help your customers be more productive: 75% of contractors want a working asset management solution
The goal of asset management ist that the right tool is with the right worker at the right time. The reality on the job-site today is that a lot of tools get misplaced, contractors have to call around to find out who has the tools, inefficiencies happen and tools get stolen. The average contractor spends more than 52 hours per month looking for tools, loses more than 2 tools a month and suffers tool loss of up to 10.000 EUR per year.
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GROW YOUR CUSTOMER BASE BY UP TO 67%: PAY-PER-USE AS COMPETITIVE ADVANTAGE
On the job-site workload-fluctuations are normal, based on varying order situations. This creates pain for contractors through high powertool fix costs. OEMs already offer fleet management models (eg Hilti Fleet Management), but pay-per-use models were technically impossible. Until now: ToolSense gives OEMs the necessary technical capabilities to offer real pay-per-use, based on the contractor's usage data.
Stefan Öttl, CEO
Alexander Manafi, COO
Rostyslav Yavorskyi, Lead Developer Backend
Benjamin Petterle, Lead Developer Frontend
Andreas Pichler, Lead Developer Machine Learning
Partnerships
FH Technikum
With its startup program FH Technikum Wien offers valuable technical expertise, resources and a wide-ranging industry-network.
Siemens AG
Designed as an open OS for the Internet of Things, MindSphere lets you seamlessly connect with your machines like never before.
SAP SE
SAP Startup Focus is a program for startups with big data, predictive analytics and/or real-time data decision solutions.
Deutsche Telekom AG
The WARP NB-IoT Program enables startups, B2B partners and customers to develop NB-IoT applications.