Sensara, the specialist in self-learning monitoring technology, has entered into a strategic alliance with GreenPeak Technologies – the world leader in the area of RF technology – for developing an intelligent Smart Home platform. Through combining their expertise, these innovative companies anticipate strengthening their front-runner positions in this fast-growing market.
Sensara specializes in the development of a state-of-the-art software platform, which enables elderly people to continue living in their own home longer. This ‘Senior Lifestyle Solution’ intelligence discretely and unobtrusively follows their daily activities. It learns to recognise what is normal and abnormal, and alerts family members if there appears to be cause for concern. Elderly people can thereby continue going about their daily lives as normal, while family members (or other carers) can relax in the knowledge they will immediately be alerted to any alarming developments.
Because of the rapidly aging populations in large parts of Europe and America, the market for this ‘senior care’ technology is growing extremely fast. Experts predicted a compound annual growth of approximately 20% over the next five years. The same high growth rate is being demonstrated in the broader Smart Home applications market. These technologies provide home owners with smooth control over security, energy and water management, entertainment systems and other in-house applications. Various research reports predict the size of this market will be around 60 billion dollars in 2020.
The pairing of Sensara’s smart software platform together with GreenPeak’s innovative RF technology will enable the smooth roll-out of the self-learning technology behind ‘Senior Lifestyle Solution’ to the Smart Home market. This will make it possible to automatically manage things such as security or energy in the home, based on known behaviour patterns, while also identifying issues of concern at an early stage. The partners expect to launch their first new solutions in the first quarter of 2016.