Next Generation Lean Lab Digital Platform combining AI, Visual Management Tools & Touch Screen Technology (LeanLab)

ended

Laboratories are under pressure to improve accuracy, process higher workloads and expanding test menus, as well as become more efficient by reducing costs and using fewer staff. To achieve this, they must significantly improve productivity. Only currently available solution is consultancy implemented soft ‘paper and spreadsheet’ lean lab system, which is expensive, inflexible and not sustainable over time; it also cannot address more complex issues such as workload volatility (dips and peaks, volumes and test mixes) – a key area for achieving productivity savings. LeanLab cloud-based solution by Plan Domino addresses these issues cheaper, better & sustainably by offering the first ever digital platform on the market. This important innovation was inspired by absence of alternatives and incorporates latest technologies, including artificial intelligence (AI). It will have transformative impact on the target customer: 30% productivity improvement, 45% test error reduction, 25% staff turnover reduction + 35% time reduction, translating into significant costsavings. This has attracted customer traction and investor interest even at this early stage. With a revenue model based on a SaaS subscription service and through availability of local strategic partnerships in international markets, LeanLab is easily scalable and has the potential to achieve a turnover of over €19 million in global sales, achieve an estimated €11 million in profit and create 112 direct jobs by Year 5 of trading in a market worth over €5 billion by 2022 and a CAGR of 5.1%. Commercialisation of LeanLab is led by a strong core project team with complementary skills & experience – including firsthand knowledge of the industry and target market, established relationships with labs in Europe & US. LeanLab project will enable piloting of the platform at customer sites (to achieve TRL7) and other validation activities to pave way for the next steps of developing a software version that is market ready.