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Water management: trends and funding
Water is an essential natural resource for life, but it is also a limited resource. Water management is the set of activities that are carried out to ensure access to this resource, its sustainable use, and its protection against pollution.
Water management is a complex issue that involves diverse stakeholders, such as governments, businesses, communities, and individuals. All of these stakeholders have an important role to play in water management, and all must work together to ensure that this resource is used sustainably.
Current trends
In recent years, a number of new technologies have been developed that are revolutionizing water management. These technologies allow water managers to make more efficient use of water, reduce pollution, and protect water resources. These six technology trends are transforming the water sector, and are helping to ensure the availability and sustainable management of water resources:
Six technology trends:
- AMI (Advanced Metering Infrastructure) infrastructures: these infrastructures generate a wealth of data that can be used to improve business processes, as well as to help companies and consumers make better decisions.
- Digital twins: Digital twins are virtual models of water distribution systems that can be used to simulate real and fictitious scenarios. This helps water managers make better decisions about how to operate and maintain their networks.
- Smart asset management: This trend is about integrating and collating all data to make better decisions. This helps water managers maximise efficiency and reduce costs.
- Geographic Information Systems (GIS): GIS are tools for integrating and representing an ever-increasing flow of information. This helps water managers to obtain critical information to guide different actions and solve problems.
- Artificial Intelligence (AI): AI is helping to make water resource management more sustainable. Machine Learning (ML) has great potential in this sector, as it can automate costly processes and improve the accuracy of results.
- 5G: 5G is not only a new generation of communications, but also opens up new business opportunities in the water sector. Water utilities globally are embracing process transformation as a way to achieve greater water and energy efficiency. 5G will help companies extract value from sensor data, and do so securely, to make better decisions.
Funding for water management innovation projects
There are a number of sources of funding available for water management innovation projects. These sources of funding include:
- Governments: governments often offer grants and financial assistance for water management innovation projects.
- Private businesses: private businesses can also invest in water management innovation projects.
- International cooperation: international organizations can also provide funding for water management innovation projects.
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