SWANonomics: The Surprising Economics of Smart Water Networks
This is the fifth post in the “CTO Smart Water Insights” by Haggai Scolnicov, TaKaDu’s CTO.
I didn’t get to beautiful Utrecht to give this talk on SWANonomics at SWAN 2012, as I had intended, although I did get a great substitute to stand in for me.
Rather than talk about TaKaDu, network monitoring, or any of our technology, I wanted to use our few years’ experience in this dynamic part of the water industry to shine a light on some of the more surprising economic aspects of the Smart Water Networks revolution. Data revolutions are funny that way. It’s not just the tired truism that adoption of any technology is an economic process; new data has a way of changing what you know about the real world and your existing processes, and creates real new opportunities to take action differently.
Here are some of the unexpected headlines:
– Good news: smart monitoring drives spending increase on field crews
– Accepting new values discovered to entrenched KPIs goes through the exact 5 stages of grief
– Better leakage reduction means less Ml/day repaired
– The cost of water not lost is just a small part of the value of water loss reduction