Benefits
- Early Detection
- Levelled Alert System
- Reduce Insurance
- Lower Maintenance Costs
Sensor monitoring service with instantly actionable maintenance data for risk management.
Shepherd technology frees up your workforce to carry out more high margin activities. The sensor monitoring system ensures that vital equipment like boilers and pumps, as well as factors such as air quality and water system pressure, are monitored, logged and analysed 24 hours a day.
Any operational issues are detected early and those who need to take action are provided with rich diagnostic information instantly, so they can make informed decisions and rectify problems quickly and efficiently.
Yesterday’s Constraints
Both facilities managers and insurers protect clients from the risks and consequences of asset failures, although historically the two have not collaborated closely. The result is that insurers miss out on the risk engineering and risk management the facilities managers could provide, and conversely, the FMs are unable to offer risk-aware service contracts without an insurer’s capital and actuarial skill.
Facility Management Made Easy and Insurable
Today’s Opportunities
Using Shepherd’s real-time data, the maintenance service provider and insurer can co-operate to manage their clients’ risks. With innovative solutions like parametric insurance, all parties are incentivised to reduce breakdowns, unnecessary servicing actions and, ultimately, reduce costs.
The sensor monitoring service spots potential breakdowns early and tracks assets around the clock, empowering facilities managers, safeguarding insurers and reducing business interruptions.
Why Now?
Facilities managers and insurers are looking to improve customer value and service while also moderating risks. The rise of parametric insurance solutions – payouts on the occurrence of a triggering event, as opposed to the loss incurred from an insured event – provides a market opening for service providers and insurers alike.
money saved from reduced risk
Key Benefits
Facilities managers can receive high margin commission revenues while boosting their competitive positions. This is achieved by offering fully comprehensive contracts in which their risk is protected and the customer receives a fixed-price, indemnified service with the cost variability stripped out.
Insurers can re-engage with sectors through better risk management and keener pricing, protected by engaged service providers using predictive maintenance data to minimise losses. A sensor monitoring service like Shepherd’s means that customers benefit from reduced breakdown risks and immediate business interruption payments.
How We Deliver This Service
Connect: Shepherd can be deployed on legacy assets and environments or brand new systems. Using modern long-range (1km) wireless technologies or hard-wired sensor bundles, we can easily connect up anything that poses a business risk.
Assess: Our assessment engine builds up a normal operating profile for each asset and environment and detects a wide range of issues before they become serious.
Alert: Assessments are carried out in real time, so as soon as a fault is identified, an alert with detailed information is sent out via email, SMS, instant message and automated phone calls to an escalating responder list.
