Impact of IIoT in the Global Water & Wastewater Industry

Impact of IIoT in the Global Water & Wastewater Industry

  • December 2019 •
  • 78 pages •
  • Report ID: 5835597 •
  • Format: PDF
Water and wastewater (W&WW) utilities across the globe are increasingly exploring digital solutions to improve their resilience, and economical and environmental sustainability, which have been impacted by factors like water stress, pollution, and climate change.Digitalization through Industrial Internet of Things (IIoT) based smart solutions has emerged as the key solution to tackle various challenges posed by the above factors.

Digital transformation (DT) includes the installation and implementation of the following products/solutions: Smart design & engineering, Data collection through IIoT sensors, Smart communication network, Data analytics and Data intelligence.All these are effectively combined to create a smart water grid.

Smart analytics platforms are now increasingly being adopted by W&WW utilities for their ability to improve efficiency, comply with regulations, positively impact customer value & service, and improve sustainability of the infrastructure.Circular economy has now become a more achievable goal through IIoT-based DT.

Water utilities are now exploring new business models such as Software-as-a-Service (SaaS), Data-as-a-Service (DaaS), and Equipment-as-a-Service (EaaS) which have faster return on investment (ROI) and allow for an even placement of investment risks which in turn eases the burden on customers.