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Building Sensors Significantly Reduce Damage Error: What This Means for Companies & Employee Safety

SAN FRANCISCO – October 26, 2022 – (Newswire.com)

Late Tuesday morning, a 5.1 magnitude earthquake occurred near San Jose, California, that could be felt by many. For businesses and organizations, major earthquakes pose complex questions that need immediate answers to ensure employee safety and resume business operations. 

Safehub, a technology company that produces scalable, IoT building-specific sensors, recently hosted a webinar entitled “Can Building Shaking Sensors Prevent Future Tragedies?” that discussed how the lack of information has caused tragic losses after past earthquakes, and how we can reduce future uncertainty in estimating building vulnerability. Included in the presentation, were guest speakers from the Global Earthquake Model (GEM) Foundation, a global public-private partnership organization that is improving the state of practice of earthquake hazard and risk assessment through the development of open global databases, models and tools, and improving stakeholder capacity for risk assessment, providing the public with data on earthquake hazard and risk around the world. 

For earthquakes like Tuesday’s, most organizations traditionally rely on public data, seismic maps calculated from the earthquake’s magnitude and the distance from it, to make their own business continuity decisions. If an earthquake is significant enough or some physical damage can be seen, structural engineers may be called in to do visual inspections as well. The damage estimates are not exact, but it was the best information organizations had about structural integrity — until now.

Building IoT Sensors Can Reduce Damage Error Estimates by 60%

According to GEM’s Seismic Risk Coordinator Vitor Silva, organizations have been relying on earthquake magnitude and distance from the epicenter as one of the main data sources for post-earthquake decision-making for far too long. Now, thanks to new building-specific sensor solutions that can provide sensor and elongation data about damage to buildings that could not otherwise be detected, we can make more informed decisions.

Following destructive events, ground shaking or dynamic data provided by sensors can significantly reduce the bias and estimation of error by more than 60 percent. In fact, recent studies covering building damage from Spain show that, in some instances, minor damage cannot be detected in buildings without sensors. For building portfolios, the integration of sensors, like Safehub’s, in even a few buildings can dramatically improve the ability to assess potential losses.

Silva provided illustrations of massive losses that have been incurred across the globe from past earthquake events. One important example near Christchurch, New Zealand, demonstrated how, even after a post-earthquake inspection, a building still collapsed and more than 100 people that reoccupied it were killed. 

Silva points out that there may have been some damage to the building that could not have been visible during the inspection. For example, some structural damage could be hidden behind non-structural elements. Sensor data indicating clear changes in the dynamic properties of the building could possibly have supported engineers and decision-makers about whether a more detailed inspection of the building was required.

Safehub’s Mission: Reducing Error & Increasing Safety After Earthquakes

After Tuesday’s earthquake, Safehub’s current clients received alerts, analytics, and damage estimates within minutes of the event, most of which received it before any public alerts. These types of alerts and building-specific data enable its clients, including Fortune 100 companies, Top 100 REITs, government buildings, hospitals, and educational institutes, to reduce potential error in decision-making following earthquakes, increasing safety and decreasing business interruption. 

“Today’s earthquake definitely triggered some questions from my team, so the notifications were timely & helpful to reassure everyone,” stated a Safehub client shortly after the shake. 

Safehub’s mission is to help make the world safer and more resilient from natural disasters by connecting building-specific risk information with portfolio-level decision-making. That means connecting the risk and damage of the building at the asset level and aggregating that at a portfolio level — so that critical decisions around safety, crisis management, business continuity, and even insurance can be made.

To learn more about Safehub’s catastrophe risk management solution, visit www.safehub.io.

Contact Information:

Donna Smith

Director of Marketing

[email protected]

5852331129

Taka Yokoyama

VP of Operations

[email protected]

503-465-4575

Andy Thompson

Co-Founder & CEO

[email protected]

4157949094

Press Release Service
by
Newswire.com

Original Source:

Safehub’s Building Sensors Give Companies Peace of Mind After 5.1 Earthquake in San Jose

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The 2022 Amazon vs. Walmart report explores consumer shopping preferences, third-party selling, and e-commerce strategies, examining the impact on the present and future e-commerce landscape.

AUSTIN, Texas – October 26, 2022 – (Newswire.com)

Today, Jungle Scout, the leading all-in-one platform for ecommerce sellers, released its 2022 Amazon vs. Walmart Report, a study of more than 1,000 U.S. consumers and financial reports that examines the retail giants’ race to the top in the changing global economy. The report highlights consumer preferences and how investments in omnichannel strategies and technology are shaping the rivalry. 

Key insights include: 

Amazon is maintaining its e-commerce dominance — for now.

• 75% of U.S. consumers have purchased from Amazon recently, compared to 43% who have shopped on Walmart.com.
• 63% of consumers begin their search for a product online on Amazon over Walmart.com (43%).
• Consumers are more likely to have an Amazon Prime membership (57%) than a Walmart Plus account (31%).
• Consumers prefer to shop on Amazon over Walmart.com for electronics, books, and clothing. 

Consumers turn to Walmart for affordability and everyday items.  

• 56% of consumers turn to Walmart for groceries, compared to 15% who prefer to buy them from Amazon. 
• 43% of consumers say product prices are the main reason they shop at Walmart over Amazon, followed by familiarity with products. 
• 71% of consumers are more likely to make smaller purchases ($0-99) from Walmart.com, compared to 66% on Amazon. 
• Consumers prefer to shop on Walmart.com over Amazon for groceries, medicine, and cleaning supplies. 

“The retail environment is constantly changing due to economic currents and consumer whims. Amazon and Walmart are both leveraging online and offline technologies as a way for brands to create more dynamic solutions that satisfy their customers,” says Michael Scheschuk, President of Small & Medium Business and Chief Marketing Officer, at Jungle Scout. “Investments like Amazon’s Dash Cart in Amazon Fresh stores and Walmart’s Virtual Try-On in their iOS app will raise the bar for all retailers and improve consumer experiences.”

Additionally, the report finds that both Amazon and Walmart’s marketplaces are largely dominated by third-party sellers, another area where both retailers are investing for growth. Amazon’s marketplace is 82% third-party sellers, compared to Walmart’s, which is comprised of nearly 79% third-party sellers. 

Read the full report with the methodology here. 

About Jungle Scout

Jungle Scout is the leading all-in-one platform for selling on Amazon, supporting more than $40 billion in annual Amazon revenue. Founded in 2015 as the first Amazon product research tool, Jungle Scout today features a full suite of best-in-class business management solutions and powerful market intelligence resources to help entrepreneurs and brands manage their e-commerce businesses. Jungle Scout is headquartered in Austin, Texas, and supports 10 global Amazon marketplaces.

Contact Information:

Cathryn Hurdle

Public Relations Strategist

[email protected]

(613) 639 9067

Press Release Service
by
Newswire.com

Original Source:

Jungle Scout’s Amazon vs. Walmart Report Highlights Battle Over Grocery and Tech

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