WATER PAGES
management by water utilities. It can enhance the allocation, reduce leakage, andmitigating the impacts of water-related crises like flooding and scarcity. The digital analytics platformspans the water value chain, simplifying and automating the steps of consolidating data by applying real-time analytics andmachine learning.
Water insecurity presents ongoing global challenges that are predicted to intensify with increased water demand and the impacts of a changing climate on water- cycles. According to the United Nations Water Commission, global demand for fresh water will outstrip supply by 40%by 2030.
With dependence on ageing infrastructure and equipment, the water industry has the capacity to improve watermanagement for current and future needs.
“The world is facing a tremendous water crisis that requires immediate attention. InfoTiles is committed to the goal of having a positive impact to ensure a sustainable water future for all through enhancing the use of digital technologies,” said Johnny Alexander Gunneng, chief executive of InfoTiles.
"By getting 4impact capital onboard we can accelerate our journey of getting the real value fromwater. This funding round is a strong result for the teamand a positive indication of investor appetite for all water entrepreneurs out there.”
In Europe, 25%of drinking water is lost through leakage, with some countries losingmore than 40%of their drinking water before it reaches consumers. A revised EU drinking water directive states now leakagemust be assessed and reduced if levels are above a certain threshold.
InfoTiles’digital water solution offers a clear way to tackle these challenges in a cost- effectivemanner, enabling utilities to increase data quality by 30-50%, provide 25-40%operational expenditure savings in wastewater treatment, reduce breakdowns by 70%and downtime of infrastructure by 40 per cent.
Ali Najafbagy, founding &managing partner of 4impact said, “The InfoTiles software advanced analytics and insights is in a class of its own. 4impact has been thoroughly impressed by the team's deep knowledge of hydrology and analytics and how the
42
software itself drives drinking water savings and prevents wastewater problems.
“4impact is very excited to partner with InfoTiles as they revolutionise the water management industry andmake cities and utilitiesmore effective and sustainable by providing insights leading to better actions andmore effective water use.”
Borgar Ljosland, senior partner at ProVenture said, “ProVenture is thrilled to welcome 4impact into the collaborative partnership with InfoTiles, a trailblazer in the digital water industry. This strategic
alliance, rooted in ourmutual commitment to sustainability and technological innovation, serves as a significant endorsement of InfoTiles' important work in harnessing digital solutions for water management.”
The value of the global digital water solutionsmarket currently stands at US$33 billion and is expected to grow to US$119 billion by 2028, benefiting fromthe European Union Green Deal and the Urban Wastewater Treatment Directive regulatory frameworks.
6 trends shaping the world's water planning needs
According to Idrica,monitoring and efficientmanagement of water aquifers, increasing the efficiency of distribution systems, water reuse, the use of non- conventional resources, early warning systems for extreme events and for citizens are themain solutions.
Technology is key to addressing inefficient water resource management inmany countries.
The water crisis has been cited by the World Economic Forumas one of themain threats to the planet.We cannot afford to lose up to 350 billion liters of freshwater per day solely through leaks in supply networks. The pressure on this resource is mounting constantly with the UN reporting that water demand is expected to grow by up to 55%between now and 2050. It has also stated that 40%of the
| July 2023 |
www.draintraderltd.com
world's population (3.9 billion people) will experience water stress.
The report focuses on the inefficient management of water resources inmany countries as amajor driver of "environmental degradation, including depletion of aquifers, reduction of river flows, degradation of wildlife habitats and pollution.”
Therefore, water planning, understood as the basic tool to correctlymanage and allocate available water resources, is increasingly taking a central role to tackle these challenges, with the help of new technological solutions, according to Idrica. TheWorld Bank advocates the use of technology to strengthen water security, highlighting that it is necessary to explore investments in innovative technologies to enhance productivity, and conserve and protect resources. It has
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80
