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 organisation 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. Doing nothing and assuming that it can’t happen to you is the worst course of action. Fortunately, proactive, preventive measures that utilise leading IoT technologies are now available and more and more households and businesses are adopting them to set up warning systems to prevent impending disasters.
How IoT works
Humidity and temperature sensors are installed in places where there is a high risk of water leakage, for example in bathrooms, kitchens, attics and building basements. The sensors report their measured values on a regular basis and in the case of excessive values, based on monitoring values set in the device, will send immediate alerts. By monitoring the trends of humidity and receiving leakage alerts property owners and landlords can avoid serious damage or respond ultra-quickly in case of an incident. In this way, expensive moisture and mould damage can be avoided or minimised. The sensors are typically wireless and battery powered with a lifespan of up to ten years depending on configuration. Moreover, installation is straightforward and does not require a plumbing technician or electrician.
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The Fastcomm Advantage
Fastcomm’s business is to build technology platforms that empower its clients to digitally transform their businesses and therefore to understand and address the growing needs of their customers. Our mission is to build long-term technology partnerships that help transform companies, allowing them to concentrate on their core business.
We have a proven track record of understanding disruptive technologies and the effect that they have on businesses. We have built platforms in the IOT and OTT technology domains that allow us to connect people, places and things successfully.
The Fastcomm group of companies has been providing solutions to its partners, since 2002. We have offices in the USA, Europe, and South Africa, allowing us to produce innovative solutions, utilizing know-how and skills acquired worldwide.
Our skilled engineering teams have, over many years, created platforms and building blocks that allow for rapid development and deployment of solutions.