Water utilities can use data to reduce operating costs, streamline processes, and increase asset life.
FREMONT. CA: Large volumes of data and the complicated algorithms that help translate that data into intelligence can be highly beneficial for any organization. With a plethora of data available, water utilities are also gathering, mining, and, most importantly, analyzing that information to make tangible impacts. Read on to know more about how big data and data science applications are being leveraged to create new business values in the water utility industry.
In this era of big data, water utilities will be able to implement sensors that will be able to provide data on infrastructure performance. The analysis of these data will help water service providers to foresee infrastructural failures and build a roadmap of how to replace capital equipment. The ability to rapidly convert a massive volume of data into actionable insights and providing the consolidated alert information significantly decreases water utility's response time. The ability to identify the trend in the data delivers operational benefits that are not previously available.
A new generation of innovative data analytics tools is offering water utilities an opportunity to meet the basic customer needs and transform the raw data into actionable intelligence. Data analytics can identify failing infrastructure, lower water loss, prevent overflows, and measure asset health. Besides, data can unlock operational efficiencies, proactive maintenance opportunities, and guide long-term planning and investment strategies. Data analytics gives a 360-degree view of all raw data being collected. Using prescriptive calculations and visualization, water organizations can prioritize capital spend, analyze risk, and get the most out of their operations and maintenance strategies.
The water utility companies appear to be moving in the right direction with data-based decision-making. To make the most of this technology investment, utility leaders should have a clear vision of their goals and strategic objectives. The ultimate goal of data is to give water utilities better information to support future actions. The use of data moves water utilities from a reactive to a proactive stand, helping firms create new opportunities for cost control, risk management, and improving service.