Guidehouse Insights Finds AI and Predictive Analytics in Healthcare Will Enable Safer Aging

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May 05, 2022, 05:15 ET

Passive monitoring, an important addition to the smart home, is replacing traditional forms of personal emergency response systems

BOULDER, Colo., May 5, 2022 /PRNewswire/ -- A new report from Guidehouse Insights examines how traditional forms of personal emergency response systems are being replaced by passive monitoring. In addition, the report looks at how this type of monitoring is applicable to both health and security and is an important addition to the smart home.

While the smart home is focused primarily on security, automation, and energy reduction uses, healthcare, and especially elder care, is expected to become an important use case as the number of older adults increases in developed markets, such as the US. Sensors in a smart home generate a lot of data, which several companies, mostly startups, are using to train AI to identify when a resident is in danger of falling. According to a new report from Guidehouse Insights, AI and predictive analytics in elder care and healthcare will enable safer aging in place.

"Technologies can be used in private homes or assisted living facilities, and in the future are expected to be able to work in tandem with home robotics," says Francesco Radicati, senior research analyst with Guidehouse Insights. "They help ease reliance on professional caregivers and improve residents' quality of life."

However, the report recommends that passive monitoring technology also address privacy concerns. In addition, home robotics manufacturers should integrate passive monitoring in their technologies and utilities and insurers should partner with startups to provide passive monitoring through energy usage, according to the report.

The report, AI and Predictive Analytics in Elder Care and Healthcare Will Enable Safer Aging in Place, examines how passive monitoring is replacing traditional forms of personal emergency response systems, is applicable for both health and security in the smart home, and is an important addition to the smart home. This report also provides recommendations for industry stakeholders. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, AI and Predictive Analytics in Elder Care and Healthcare Will Enable Safer Aging in Place, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Jennifer Peacock
+1.404.575.3859
[email protected]

SOURCE Guidehouse Insights