* with wristband (http://www.sealswimsafe.com/#!how-it-works/cok0)
* with underwater camera (http://www.poseidonsaveslives.com/ http://www.poolview.co.uk/swimeye/ http://www.angeleye.it/)
It definitely in the realm of possibilities. They're starting to do the camera assist in the checkout product theft prevention.
There may be solutions that are vastly superior to a human lifeguard.
Sure, someday we'll have robots do everything for us. We're not quite there yet.
You could even have an auto-drain feature if you desired.
This isn't to mention that automation does encourage complacency. One of the primary reasons for the recent Malaysia Air jet disappearances according to investigations is an excessive reliance upon automated systems to fly planes, and insufficient knowledge of flying without such tools. I reckon a similar situation could be a real danger here as well (if not amplified considerably; most lifeguards (at least where I've lived) were usually highschool students doing it as an extracurricular/volunteer activity, summer job, etc., and teenagers aren't exactly known for having an above-average attention span).
False positives can lead to death too. This article talks about alert fatigue that contributed to a fatal medication error at UCSF:
https://medium.com/backchannel/beware-of-the-robot-pharmacis...
I'd be wary of giving a lifeguard who might be straining to pay attention to n things an n+1th thing to pay attention to.