Few of us think about the impact of water damage to our properties until it’s too late and the damage is done.
According to a report from ConsumerView, titled ‘Quantitative Assessment in Europe’, 50% of households in Europe have experienced water damage. Similarly, the Insurance Industry Research organization estimates that 14,000 people in the US experience a water damage
emergency at home or work every day and the annual cost to insurance companies is approximately US$2.5 billion. When it comes to water damage, there is no doubt that the cost to owners and insurers can be crippling for citizens throughout the world.
iioote consulted with insurance companies, water and sewage utilities to expand on its water leakage detection solutions for the home. The enhanced SenseIoT applications monitor for abnormalities in humidity in real time, and quickly deploy in pipes, water meters and pumps for large buildings and industrial stations, as well as basements and bathrooms in the home. Solutions leverage LPWAN/3GPP connectivity and utilize AI and machine learning to add enhanced functionality and damage prevention.