OneEvent Changes the Paradigm in Building Monitoring & Security with Predictive Learning & Analytics Engine
The startup has crafted a patented learning algorithm to do what traditional security systems cannot – anticipate disaster before it begins
Madison, WI – March 22, 2017 – OneEvent™ Technologies co-founders, Kurt Wedig and Dan Parent were inspired by a TV segment about a hotel fire and how occupants needed to crawl through smoke-filled hallways to find an exit. Seeing how little the alarm system could do to prevent the fire, the pair began to develop a software model that could identify key precursors to a fire or flood event in a building and OneEvent Technologies was born.
The OneEvent platform is comprised of a patented algorithm with a powerful cloud-based learning and analytics engine that can be licensed by other security and IoT companies in their own systems. Leveraging wireless sensors to measure factors such as temperature, air quality, motion, and moisture on a constant basis, the OneEvent intelligent engine learns what is normal for a building or home environment and uses abnormal readings to determine potential risks and deliver necessary alerts. OneEvent has developed its own preventative monitoring system called OnePrevent with the predictive analytics engine embedded inside a series of sensing devices to showcase the potential of the modern safety solution to protect buildings, assets and occupants. The system is UL listed and can be installed easily by any home professional or security dealer.
Whether it’s a rising temp in the kitchen from a stove left on or increasing moisture from a leaky pipe, the OneEvent backend engine processes each data point through its patented algorithm and alerts a building manager or homeowner via a smart app on a phone or tablet. The power of this predictive data solution can reduce loss, improve safety, save money, and make owning or managing a property easier. Real-world applications include, small businesses, senior care, IT facilities, multi-dwelling unit properties and hotels, and homes.
“We developed this technology because we knew there was a better way to mitigate these tragedies and alert occupants of a building before flames and smoke appeared,” said OneEvent President and CEO, Kurt Wedig. “As opportunity in IoT and building monitoring grows, there’s a potential to create solutions that can do more than just alert people to danger as it happens or after the fact. With our software engine and learning algorithm, OneEvent can help prevent a disaster from happening in the first place.”
Founded in 2014, the Madison, Wisconsin startup has raised $4.3 million to date and holds eight U.S. patents on its unique software platform. The OneEvent team conducts testing with local fire departments and agencies using controlled burns to see how far in advance the OnePrevent system can predict trouble. In UL research testing, the system anticipated a fire up to 20 minutes before the smoke alarms went off.
In the future, the OneEvent founders have plans for this solution to provide critical, life-saving measures when used by communities in cooperation with first responders. As the technology continues to develop, future systems will give fire, EMS and police the ability to see occupancy, heat, temperature and other dangerous factors, leading to safer, more effective response for those in the position of rescuing occupants. Beyond the predictive capabilities, the sensor technology can allow responders to track the conditions of a fire, and provides data for investigators and insurance companies to understand how it started during the claims process.
As a predictive-alert system, OnePrevent is not a fire alarm nor a burglar alarm, but rather supplementary protection that empowers users with data and anticipated warnings via a cloud based platform and app. The OneEvent patented technology will change the way building managers, first responders, cities, the hospitality industry, healthcare facilities, property and casualty insurance carriers and homeowners think about home safety and security.
To learn more about OneEvent Technologies, visit our website.
About OneEvent Technologies
Founded in 2014, OneEvent Technologies was born from the idea that a single event can change your life forever. Based in Mount. Horeb, Wis., OneEvent Technologies delivers patented technology that produces lifesaving, descriptive predictive analytics data on residential and commercial properties for the property and casualty insurance industry, as well as the fire, safety, and security sectors. OneEvent is shifting the industry paradigm from one of reaction to one of prevention. Learn more at http://oneeventtech.com.