Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on innovative track and trace solutions. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. This time, you will discover 5 promising end-to-end traceability solutions.
Heat Map: 5 Top End-to-End Traceability Solutions
Using our StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally, we looked at innovation in the field of product tracking technologies. For this research, we identified 113 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & scaleups developing innovative end-to-end traceability solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 113 companies we analyzed for this specific topic.
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Tilkal – Supply Chains
For the logistics industry, end-to-end traceability makes the supply chains more transparent and efficient. In addition to helping businesses meet demand with a better supply, traceability offers certain value additions as well. For instance, end-to-end traceability solutions inform end consumers about where the components of their products come from or how fresh their food is.
Tilkal is a French startup that develops an end-to-end, real-time traceability platform for supply chains. The solution employs ready-to-use components to collect traceability data from multiple sources. These include the Internet of Things (IoT), enterprise resource planning (ERP) software, audit reports, and other digital sources. Moreover, Tilkal’s easily deployable solution powers large-scale traceability initiatives.
youCompli – Healthcare Compliance
The healthcare industry requires managing a lot of complex regulations with strict standards. Staying updated with healthcare compliance is a huge task for MedTech startups and institutions in the sector. Although healthcare compliance requires keeping track of large amounts of data, often going back several years, startups are working on solutions that provide thorough regulatory compliance support for healthcare startups and companies.
The US-based startup youCompli offers proprietary software for healthcare compliance. regCheck enables healthcare startups to determine if a new regulation is relevant to them. youCompli enables end-to-end traceability of survey compliance data to detect anomalies. The solution also enables compliance managers to receive automated reminders and escalations, task reviews, and full dashboarding.
Lightstep – Distributed Tracing
Due to the increasing computational demands of machine learning solutions, software systems are much more distributed and complicated than what they used to be just a decade back. Distributed tracing also helps enterprises profile and monitor applications to determine where and why failures occur. Startups are working on distributed tracing solutions to provide performance monitoring and troubleshooting solutions, particularly for microservices.
Lightstep is a US-based startup that develops enterprise software for unified observability. The distributed tracing solution allows end-to-end traceability into entire transactions. Moreover, this enables enterprises to precisely determine customer experience with every swipe, tap, or interaction.
Disberse – Blockchain-Based Traceability
End-to-end traceability is crucial in the fintech sector, with transparency being an important factor for transactions of all kinds. Startups use distributed solutions, such as blockchain, to record and monitor every transaction. These solutions offer increased privacy and security, as well as, the immutability of records and easy access to all stakeholders.
British startup Disberse offers an end-to-end traceability solution for fintech institutions. The startup uses a distributed architecture to increase transparency and efficiency in financial transactions. The solution ensures instant cash transfers and foreign exchange as well as treasury management, and regulatory compliance. Disberse empowers donors and organizations to efficiently send and receive funds around the world.
Symphony Protocol – Data Tracking & Intelligence
Companies generate a lot of data throughout their internal and external operations. Keeping track of this data allows the identification of inefficient functions and new opportunities. For instance, end-to-end traceability of sales data enables managers to isolate problems, optimize existing channels, and identify potential new ones.
Symphony Protocol is a Singapore-based startup that provides a blockchain-based protocol for smart data intelligence. The solution uses AI-based models and unified digital user identity to offer end-to-end tracking for consumer journeys throughout the sales funnel. Further, the user-centered data linkage solution enables customer targeting and creating more effective campaigns for businesses.
What About The Other 108 Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence and enable you to achieve your goals faster. The 5 end-to-end traceability solutions showcased above are promising examples out of 113 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.
