Iveda® and Care Daily Partner to Advance Aging-in-Place Technology

Rhea-AI Summary

Iveda has announced a strategic partnership with Care Daily to enhance elderly care through cloud-based, wireless sensor technology. This collaboration aims to support the growing number of seniors aged 65 and older, who make up 16.9% of the U.S. population. The AARP reports that 77% of older adults prefer to age in their homes. Their joint product, IvedaCare, utilizes AI to provide real-time data and analytics, easing the burden on caregivers while promoting health and security for users. Both companies are focused on innovating solutions to improve the aging-in-place experience.

Positive

• Strategic partnership with Care Daily to enhance elderly care solutions.
• Launch of IvedaCare, an AI caregiver service designed to improve caregiver efficiency.
• Focus on addressing the needs of the growing elderly population, with 77% preferring to age at home.

Negative

• None.

The collaboration aims to transform elderly care through cloud-based, wireless sensor technology

Mesa, Arizona, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Iveda^®, the global solution for cloud-based AI video and sensor technologies, today announced a strategic partnership with Care Daily, provider of AI Caregiver software services, to co-innovate and enhance the aging-in-place experience. The partnership unites the capabilities of both companies to advance elderly care and continue bringing new age-tech solutions to market. 

The U.S. Census Bureau reports that adults ages 65 and older account for about 16.9% of the nation’s population, and a recent AARP study reported that 77% of aging adults surveyed desire to stay in their home versus aging in a facility setting. As more individuals aim to safely age in place, a massive burden often befalls those in caretaker positions. This issue is prompting the need for more personalized, intuitive solutions in the elderly care space that benefit not only seniors, but caregivers as well.

“This partnership with Care Daily represents Iveda’s commitment to developing technology-led solutions for the future of aging-in-place and healthcare overall,” said David Ly, Iveda Founder and CEO. “At Iveda, we envision a future where digital tools are increasingly accessible to make the lives of seniors and caregivers easier, more efficient, and more enjoyable. We’re prepared to play a role in delivering on this vision and are eager for this collaboration with Care Daily to assist in our goal of shaping the future of elderly care technology.”

In November, Iveda launched IvedaCare, the first scientifically validated at-home AI Caregiver service from Care Daily. Iveda’s cloud-based wireless sensors collect real-time data while Care Daily’s AI platform generates comprehensive analytics that allow IvedaCare to learn and adapt to user's preferences, empowering caregivers to make informed and timely decisions regarding health and security for unmatched peace of mind.

“IvedaCare is powered by the most deeply individualized AI platform for homes and facilities, providing the quality and flexibility needed to reduce caregiver burden, lower healthcare costs, and improve health outcomes for today’s exploding population of seniors,” said David Moss, CEO of Care Daily. “This partnership aligns with our own mission to help seniors live life on their own terms by empowering the caregivers that support them.”

Iveda and Care Daily plan to continue working together on innovations in the senior health-tech space – combining their capabilities in technology development and research to ensure the development of effective new aging-in-place solutions. 

About Iveda Solutions^®

Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protects the people, places, and things that matter the most. Iveda’s technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA”.

About Care Daily

Care Daily is a Silicon Valley (Palo Alto, CA) based company with a SaaS based AI platform that detects falls in real-time, uncovers hidden health problems, and brings families and professional caregivers together to provide care for seniors. Care Daily’s white-labeled AI and IoT powered Caregiver solutions are utilized by some of the largest brands to quickly deploy and continually enhance personalized healthcare services for seniors in homes and communities. To learn more, please visit, www.caredaily.ai or connect with us on LinkedIn.

Media Contact
Olivia Civiletto Erwin
olivia@dottedlinecomm.com 
617.477.9857

FAQ

What is the partnership between Iveda and Care Daily about?

Iveda and Care Daily are collaborating to enhance elderly care through cloud-based, wireless sensor technology.

What is IvedaCare?

IvedaCare is an AI caregiver service launched by Iveda and Care Daily that provides real-time data and analytics to assist caregivers.

What percentage of seniors prefer to age in place?

According to an AARP study, 77% of seniors prefer to remain in their homes rather than move to a facility.

What market need does the Iveda and Care Daily partnership address?

The partnership addresses the growing demand for personalized, technology-driven solutions to support seniors and their caregivers.

How does IvedaCare benefit caregivers?

IvedaCare empowers caregivers by providing them with real-time data and analytics, helping them make informed health and security decisions.