Interview: reducing workplace injuries with smart deep tech (Matthew Hart, founder of Soter Analytics)
Deep tech company Soter Analytics was started in 2016 to reduce workplace ergonomic injuries in warehouses and factories, drive-down claims costs, boost productivity and improve worker retention using smart safety wearables and AI-driven technologies.
At the most recent OTB Ventures Summit, we caught up with the company's CEO, Matthew Hart, who explained what the company is building - and why it matters.
Soter Analytics serves customers globally in the warehousing, manufacturing and logistics sector, but also has clients in the healthcare, construction, mining and oil & fas industries.
The London, UK-headquartered safety tech company sells hardware devices at a low cost, but the majority of its revenue comes from subscriptions.
With Soter Analytics' solutions, the company claims customers can get up to 86% of reduction in back and shoulder injuries, and achieve up to 67% of reduction in workers compensation costs.
Hart also talks about how injuries can affect workers' personal lives, which is a big part of the reason why Soter Analytics aims to create a safer, healthier, and more productive work environment.
In the interview, Hart also commented on the availability and quality of deep tech talent in Europe, and Eastern Europe in particular.
