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WINT Recognized for Innovation in Reducing Construction Insurance Claims

WINT has been named a finalist in the Insurance Times’ Tech & Innovation Awards 2019, and we’re very proud to be recognized for our work in helping protect construction projects and newly built facilities from water-related damage.

Along with Aqualytics, our distribution partner in the U.K., we’ve been named a finalist in the “Best Use of AI – Claims” category. It’s an honor to be recognized for work that we’re passionate about — applying artificial intelligence and machine learning to solve real-world problems with major financial impact on contractors, developers and the insurance industry.

Leaking Money

Water leaks aren’t just a pain point for insurance companies. They’re a source of economic trauma. Insurance companies pay out hundreds of millions of dollars each year for water-related damages in operational facilities and on construction sites. It’s so bad that some insurers have pulled out of the market altogether as it was unprofitable. 

This hurts everyone involved. Insurers bleed money. Developers and construction companies have to struggle to secure insurance coverage for projects while premiums become a financial burden because of water-related risks. 

Roots of the Problem

Part of the problem stems from a simple lack of awareness about just how damaging water leaks can be. Even small leaks, brought about by damaged pipes or substandard workmanship, can lead to big problems if unattended.

Contractors and facility managers have been making do with outdated water-management tools. There has been a lack of innovation in the space for decades. Old-fashioned technologies such as floor-based leak detectors are still common in many facilities. That’s where our AI-based tools come in to reduce water-damage risks to a fraction of their current level.  

An AI Solution

WINT uses data analysis and machine learning to identify anomalies, leaks, and waste at the source, alerting construction site managers and shutting off water supplies when necessary. It’s a cost-effective way to reduce the risk of major property damage from burst pipes and undetected leaks, meaning insurers pay out less money in the long run and contractors or property managers have access to more affordable insurance coverage.

We want to thank Aqualytics for working with us to help solve these massive problems. They distribute our solutions in the U.K. and provide on-the-ground service to customers using WINT technology. We’re proud to be recognized by Insurance Times for helping the industry work toward eliminating this tremendous source of risk.

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Prevent Water Damage on Your Jobsite with AI

The construction industry must always
manage risk. It is in a contractor’s best interest to be proactive and mitigate
as much as possible, including dealing with the potential for water damage.

The risk of damage from water
leaks during the construction process is a very real threat, especially in an
unoccupied building. One incident that comes to mind happened in New York City,
when a water leak occurred on the 19th floor of a luxury
apartment building
, just weeks before completion. With nobody around
on the weekend to spot the leak, water cascaded from floor to floor, all the
way to the bottom. The end results? $30 million in property damage.

It didn’t stop at direct
damage, either. Delays are a leading cause of construction litigation, as property owners seek
to recoup lost revenue. In the case of the incident mentioned earlier,
construction delays caused by the water damage ended up costing the builders $80
million in penalties.

Even with insurance, contracting firms absorb losses
related to water damage. Re-work and delay costs, direct property damage,
removal of debris and damaged materials all contribute to the economic burden.

Planning for and mitigating water damage can reduce these
costs, mitigate risk, and prevent delays and increase contractor profitability
overall. One way to prevent water damage is to install AI-enabled water
management systems, which can instantly notify project managers of issues like
leaks, pipe breaks and more. WINT devices can even be programmed to
automatically shut water off in the event of a leak.

Case Study

Construction companies can use
AI-enabled technology to protect construction sites from delays and economic
damage due to water leaks. When leaders at Tidhar Construction, a billion dollar
construction company, decided that the cost and delays related to water damage
were an unacceptable risk, they looked for a solution that could help staff
react to leaks in real time in order to minimize damage.

Tidhar deploys WINT technology
on every construction site from the beginning, starting with the water mains
and adding devices to completed areas as the projects progress. Since Tidhar
started using WINT devices, the company has experienced no water damage events
whatsoever. If problems occur, the WINT devices stop the water automatically at
the source.

As a result, the company is
preventing delays and cost overruns, improving company reputation and customer
satisfaction.

Proactive Water Management

The benefits of proactive water
management extend long after the construction process is complete. The first
year after a building is finished, there is a higher probability that water
damage will occur due to leaks or installation mistakes. Tidhar leaves WINT
systems installed on their completed projects to protect the building during
that time. The machine learning and AI built the WINT devices make them an
all-in-one water management solution that reduces consumption and lowers the
chances of costly water damage due to leaks.

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Using AI to Diagnose Water Consumption Patterns

Smart water system management is a priority for facilities. Leaks and burst or broken pipes can cause expensive water damage if not quickly detected, but old-fashioned monitoring methods give managers a few ways to act in a timely manner.

Innovations in artificial intelligence (AI) and machine learning mean new ways to monitor water system operations and respond in real time. By applying deep learning techniques to usage data, AI can be used to detect problems and inconsistencies in water usage without the need for maintenance staff to manually check meters or inspect miles of pipe.

By adapting to local usage patterns, AI-enabled water management systems can instantly alert facility managers to anomalies in consumption, allowing them to detect waste, pipe breaks or other malfunctions in the plumbing.

AI-Powered Water Management

WINT Water Intelligence technology applies deep learning techniques to water system management. The units are IoT-enabled, AI-powered devices that simplify water management by performing real-time flow analysis to monitor consumption and detect problems. The devices use high-speed, optimized cellular data connections.

Once installed, the WINT units use advanced machine learning algorithms to analyze the normal water flow patterns for the specific location on a granular level. This includes not only how much water is normally used to fill pools or in kitchens and bathrooms but when it is used as well. In addition, WINT compares your facility’s water usage to average consumption patterns by checking them against an extensive database of water use applications.

Once baselines are established, WINT begins analyzing minute details of water system performance in real time, applying AI and deep learning to detect usage anomalies. Is a pool not filling correctly? Is there a spike in water usage from an unexpected source? The AI algorithms can extrapolate the source of the leak or problem, allowing maintenance staff to quickly address any issues.

Facilities are increasingly putting a premium on sustainability. Water leaking into the sewage system or outdoors can account for more than 25 percent of water consumption for businesses. WINT uses machine learning to give facility managers the real-time information needed to reduce water waste.

WINT puts AI to work

The Atlantis Casino Resort Spa in Reno, Nevada, relies on WINT smart water-metering devices to reduce consumption and prevent damage from leaks. In December, crews installed 30 WINT units in the Atlantis. The meters analyzed 90 days of water usage on the property, recording normal patterns down to the minute. The moment that WINT meters detect anomalous details that fall outside of normal behavior, WINT sends real-time alerts to the maintenance staff about the potential problem.

Quoted in the Northern Nevada Business View, Perry Sanders, director of engineering at the Atlantis, said:

“I know immediately — I literally get an alert to my cellphone. The old way was just a plain meter. I go through, say, January, and (on) February 15, I get my water bill. Well, then it’s too late; I’ve already had a leak for six weeks. That’s really a reactive, lagging indicator. Where this (with smart meters) is a proactive, leading indicator.”

Because burst pipes can lead to severe water damage to infrastructure and equipment, WINT devices can be programmed to automatically shut off the water when an emergency is detected.

The all-in-one water management solution for commercial facility management teams, WINT units use machine learning and AI to help facilities save water and reduce the chance of expensive water damage from leaks. For more information, please visit www.wint.ai, email sales@wint.ai or call 833-333-9468.