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Internet of Things: A Robust Solution for Water Management Industry

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Internet of Things: A Robust Solution for Water Management Industry

Learn more about IoT and water management solutions.

· IoT Zone ·
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The challenges for the global water industry have been countless, like population growth, migration, ecosystem pollution, water reuse, water rights, and many more. Access to water is a fundamental human right and using it in an efficient way is critical.

In recent years, the World Economic Forum Report for annual Global Risks (back in 2017) stated that environmental risks were placed before the economic risks, with water crises among the top three global risks.

By 2025, it is expected that 70 percent of the world’s population will be living in cities and almost half will be suffering from water scarcity problems. The United Nations reports that approximately 1.8 billion people will be suffering from water scarcity problems by the year 2025.

And to come out of these challenges, the European Union started working with environmentalists and setting proper standards and regulations for water consumption, ensuring that water is consumed in an efficient way.

Before any legislation can be implemented, these key parameters need to be addressed, i.e. economic regulations, quality of drinking water, and economic regulations ensuring that the demands of consumers get fulfilled while maintaining economic environmental practices.

All these key challenges created an urgent need for a new technological revolution.

With rapid urbanization, water consumption has also been increasing at a rapid speed. Making efficient use of available water resources was to improve water quality, and better resource planning was very much important.

IoT helps control water resources efficiently, thus developing an efficient and optimized smart water monitoring system is crucial. With a smart water management system in place, better irrigation facilities have been provided especially in urban areas. With so many water leakages happening, various reports concluded that around $2.5 billion is spent every year to detect and repair leaks. And if companies start implementing IoT in water management systems, they could save between $7.1 billion and $12.5 billion each year. Not only this, people have started adopting smart watering systems in their homes. 

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What Is Smart Water Management?

Smart water monitoring capabilities have helped water solution providers develop smart water management solutions, which are proficient in monitoring real-time water leakage detection, quality of water, water management through sensors, and much more. Such kinds of systems help provide input for knowing the critical factors like real-time water pressure, water level, temperature, water flow, etc. However, not every company has come up with a real-time, advanced feature that can determine predictive analytics and real-time changing factors.

Also Read: Smart Water Solutions: A Key Building Block for Water Conservation [Infographic]

Let’s see the main benefits of implementing IoT in the water industry.

Increase in Efficiency

With real-time operations, companies can use real-time data to make smarter decisions. This real-time data helps in controlling the threats happening to operational processes, thus making decisions prior to and reducing operating costs. Real-time data from sensors and reduced human intervention helps in improving water management practices.

Higher Revenue

Real-time monitoring of all devices helps in reducing the overall management costs and significantly reduces the maintenance costs, energy cost savings, improved operational processes, lower infrastructure costs, and minimum human intervention. One of the major cost consuming factors in the water industry is mobility, i.e. moving water from one place to another. And reducing the mobility cost as well as the usage of water results in higher revenue.

Stronger Productivity and Efficiency

With the help of IoT, one can determine the real-time data and information for making smarter and intelligent business decisions. These predictive maintenance features help predicts failures about to happen and fix risks instantly. This, thereby, increases the productivity and efficiency of the system.

Minimal Maintenance Costs

One industrial study states that 30 percent of preventive maintenance activities are carried out within a very short span of time. And further, the same study found that 45 percent of these efforts did not result in anything, and subsequently, this results in the failure of an asset. Smart water monitoring systems provide predictive maintenance features, using sensor data and eliminating breakdown by 70 percent, downtime by 50 percent, and scheduled repairs by 12 percent (says one of the studies from IBM). Locating the real-time location of all the assets and reducing the maintenance costs helps in minimizing the leakages and other harmful water events happening in the water industry.

Improved and Transparent Asset Utilization

IoT sensors also provide data that helps in the real-time tracking of assets, providing real-time visibility into the process. With the real-time asset tracking, one can monitor drinking water, pH, temperature, water pressure, and more. Not only this, but the real-time data tells you more about theft happening in the end-to-end process. IoT analytics eliminates irregularities and provides a real-time view so that you can make intelligent business decisions.

Conclusion

IoT has brought great advantages to many industries, thus paving a new way for data collection, monitoring, and problem-solving. It is truly an exciting time for IoT, as it has made a wide range of opportunities for every industry whether it be manufacturing, oil and gas, transportation, or many others. Among a myriad of industrial challenges, IoT is a one-stop solution.

Topics:
water management ,industry 4.0 ,water conservation ,use case

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