Abstract: A method of detecting an event and recording quantitative parameters associated with the event is provided. The method includes securing an event detection and recording system on a piece of equipment, the event detection and recording system comprising a plurality of sensors, an internal power source, and a microcontroller. The method further includes activating a low monitoring mode and measuring one or more quantitative parameters with the one or more of the sensors at a first sampling rate to generate low monitoring mode sensor data; analyzing the low monitoring mode sensor data to detect initiation of a triggering event; terminating the low monitoring mode upon detection of the triggering event; and activating a high monitoring mode including measuring and recording one or more quantitative parameters at a second sampling rate, where the second sampling rate is greater than the first sampling rate. The associated system is also provided.