Partners to Develop Self-Learning Smart Home Platform
Sensara, the specialist in self-learning monitoring technology, has entered into a strategic alliance with GreenPeak Technologies 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 â€˜Senior Lifestyle Solutionâ€™ intelligence discretely and unobtrusively follows their daily activities. It learns to recognize 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 care givers) 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 â€˜senior careâ€™ 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 Sensaraâ€™s smart software platform together with GreenPeakâ€™s innovative RF technology will enable the smooth roll-out of the self-learning technology behind â€˜Senior Lifestyle Solutionâ€™ 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 behavior 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.