COVID Digital Technologies Webinar with Locix (Recording)

EvercoreISI hosted webinar on digital contact tracing technologies during COVID with Vivek Khandelwal, Locix’s Vice President of Business Development.

Important takeaways from the discussion:

• Market size for location tracking – inclusive of all software, hardware and services – is expected to be $40-$50 Bn by 2025

• Market growth as a result of COVID-19 solutions is difficult to predict today, though it seems applicable to most work environments prior to the development of multiple vaccines

• Because GPS tracking (the most accurate location tracker) does not work indoors, the major contact tracing players for employer spaces are using WiFi and Bluetooth-based location tracking that connects either to cell phones or IoT devices

• Locix uses WiFi sensors connected to individual devices to get employee location information as close as 3 feet

• Locix’s Location Positioning System solution enables it to perform several use cases, ranging from contact tracing, social distancing monitoring, hot spot monitoring (allows employers to see which areas need more cleaning and sanitization) and zone occupancy limits

• However, employer-based contact tracing systems still depend on voluntary disclosure of illness by employees, though most platforms do not take personal information and opt only for number-based identifiers

• Interest from employers in traditional office buildings continues