OneEvent’s Predictive Analytics Prove Significant ROI
MOUNT HOREB, Wis., Oct. 12, 2021 /PRNewswire/ -- After 5 months, OneEvent Technologies Thermo Heartbeat™ has shown significant return on investment (ROI) in real-world applications.
The OneEvent® system provides remote, wireless monitoring through a cellular gateway, collecting data from door and temperature sensors (including ultra-cold). Data is stored and analyzed in the cloud to verify that conditions are normal. When conditions exceed pre-set parameters, alerts are sent to one or more mobile devices.
Utilizing predictive analytics and Internet of Things (IoT) Technology, OneEvent also predicts the potential breakdown of refrigerators and freezers to further safeguard food and medical inventory including COVID-19 vaccine.
In April of 2021, OneEvent began providing customer alerts based upon its patent-pending predictive analytics. The Thermo Heartbeat™ analyzes temperature variation during normal use including warming, cooling and defrost cycles. By collecting and analyzing data with predictive analytics, the OneEvent® system can detect whether a refrigerator or freezer will have issues maintaining proper temperature and will predict if a unit’s temperature will go above or below its pre-set limits weeks in advance of doing so.
OneEvent reviewed data from the period during which the analytic platform was active and interviewed clients who received the advance notice and had their refrigeration units serviced prior to the temperature going out of the acceptable range. Based upon the data, OneEvent clients who were alerted to potential breakdowns and secured service in a timely fashion showed significant ROI, which more than paid for the cost of the OneEvent equipment and a full year of the OneEvent service.
The Thermo Heartbeat™ advance notification allows users to take action to protect their inventory prior to a critical situation.
OneEvent Technologies, Inc, is a subsidiary of National Presto Industries, Inc. (NYSE: NPK). OneEvent was created to empower the protection of lives and property and has patented modern safety solutions to protect buildings, homes, assets and occupants. OneEventTech.com
This release contains “forward looking statements” made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995 that are subject to certain risks and uncertainties, as well as assumptions, that could cause actual results to differ materially from historical results and those presently anticipated or projected. In addition to the factors discussed above, other important risk factors are delineated in the Company’s various SEC filings.
SOURCE OneEvent Technologies, Inc.