Tracers can be used to label substances or objects in order to discriminate between them, to follow their movement, to record changes of concentration and distribution between phases, etc. The main advantages of tracer investigations are the contactless recording of signals without influencing the observed process (also under rigorous operation conditions), the high detection sensitivity, the large number of available tracer nuclides (problems of all branches of industry can be solved) and the fact that tracer investigation can be carried out on operating production units, so that they provide valuable checks of the validity of design and process data. The cost-to-benefit ratio can be as low as 1:50. In the following some selected examples of tracer applications carried out by the staff of the Central Institute of Isotope and Radiation Research and their benefits will be presented.