What we are working on
Smart System to Revolutionize the Long Term Care for Older People
It's a culture's duty to take care of its elderly. To fulfill it we must create new solutions to provide the care our aging population deserves. The care of elderly is a complex problem with multi fold facets. Rapidly increasing population over 65 who needs care, chronic lack of professional stuff, constant increase of the cost of care, overworked caregivers and strive for better care become more serious than ever. The world is continuously aging. According to United Nation, the number of people aged 80 or over will dramatically increase, from 70 million in 2000 up to 153 million in 2025.
The need for better care, cost increase and the demographic changes are growing the share of GDP allocated to LTC. This makes the LTC services un-affordable for large group of older people. Seeing these challenges, we developed our product CARRIE which enables LTC organizations to provide better care and save their financial and human resources by using a single integrated system. Caregivers will receive the right information about the resident’s state instantly through alarms and alerts produced by the Artificial Intelligence (AI) software, based on the data collected from the sensor network (e.g. person has fallen, irregular heart rate etc.). The AI will also study the patterns in behavior of the residents and alert the caregiver in significant changes like longer sleep, shorter outdoor time, heart rate out of range etc. This will help many health conditions to be prevented or treated timely. The LTC organization management will have an automated resource management system that will appoint resources when and where they are needed with minimal downtime. Resource management and cutting the unnecessary checkups in person will enable the managers to decrease the expenses. The academic community will receive raw data for further scholarly research. The final beneficiaries, the elderly, will benefit by having a more independent life, will no longer feel like a burden and will always be sure that help is on the way when they need it. CARRIE will reduce the reliance on human workforce, optimize the use of resources and save money. CARRIE is designed to be disruptive and exponential. Every aspect during the development and future commercialization is focused to the scaling. From building the team and alliances, designing a replicable system, to generating social capital and creating partnerships we are preparing our organization for fast scaling.
Our strong dedication and hard-work in developing this product is guarantee that we are the company that can market and benefit from it. We collected a core team of LTC and technology experts that truly understands the problem, the need and the solution. Supported by fully equipped offices, lab and small production workshop, we are fully capable of delivering the results. After all, we are excited to be on the road of potentially very profitable venture, but our commitment and dedication to this specific product is that we will help our parents, grandparents, relatives and neighbors to spend their senior years in peace and harmony.