These developments will provide organizations with a complicated set of problems that may be worthwhile to solve to remain competitive in the sector.
Fremont, CA: The water industry will undergo significant changes in the future years due to increased urbanization, extreme climate change, changing customer needs, and developing digital technologies. These developments will provide organizations with a complicated set of problems that may be worthwhile to solve to remain competitive in the sector.
Let's see a few scenarios and possibilities that we believe will influence the water industry during the next decade.
· Reusing wastewater to promote a circular economy.
Traditionally, investment, planning, design, and operation are sequential processes. Water is taken from its source, tested for quality, utilized as intended, and finally treated and released into a receiving body of water. However, wastewater and even its discharged waste include several valuable minerals like nitrogen, phosphorus, energy, and many other nutrients that may be collected and reused in such a sustainable society to protect endangered resources. By shifting from a linear to a more circular model, the emphasis is on minimizing water usage and achieving the ultimate goal of resource efficiency. Businesses will need to reconsider standard wastewater treatment approaches to achieve this goal.
· A customer-led revolution
Digital technology has empowered customers more than ever before. As a result, people continue to anticipate increasingly personalized services and goods to optimize their job, improve their lifestyles, and assist them in reaching their objectives. Businesses must cope with the facts of an empowered client to achieve these objectives. The Water Industry is constantly pushed to investigate how to co-create services with clients in this customer-led world. There will be many opportunities to build long-term client connections while addressing water-related concerns when this is accomplished.
· Smart and intelligent network technologies
Smart water network technologies increase the dependability of physical water supply systems by more effectively collecting and analyzing data. IoT technologies and data analytics help manage infrastructure and decrease non-revenue water wastage. Still, it also supports significant changes in water utilities and businesses operating. A smart end-to-end water system enables organizations to increase production and efficiency while improving customer experience.