Recently, a pioneer in the water conservation software sector, the Banyan Water, released its Water Analysis and Emerging Risks Report. The WATER Report has been created with the help of IoT based systems deployed to study the water systems of the world. The IoT tech empowered analysis systems have analyzed the water risks attached with the functioning of large-scale enterprises. The entire report talks about how the current industries are jeopardizing the world’s water resources and creating drought-like situations. The report, however, concludes on how the Banyan Water Project has saved more than 4 billion gallon waters for enterprises.
The report also holds a discussion at a length of how water mismanagement costs a lot of money to enterprises every year. Water mismanagement is a phenomenon that has a lot of hidden costs for the industries and impacts the different revenue processes of the industries.
The CEO of Banyan Water has even stated that the concern of water mismanagement is no more a looming threat. It has become a full-blown crisis for industries and societies around the world.
According to the Report, the enterprises of the world can no longer ignore the very important topic of water management and water resource utilization. The WATER report states that industries worldwide need to focus on the hidden costs of water mismanagement in the long run. The report highlights the importance of IoT based data management systems in eliminating water mismanagement risks for the industries. Banyan Water’s water management systems are scalable and efficient in creating data-backed ways of water management for small and large-scale enterprises. The WATER report is one that talks about many fronts of water management on an industrial scale.
Water leak identification stoppage- Water leaks remain the primary concern of water wastage because water leaks do not get identified over a long time. Thus, they are very persistent reasons for water wastage and can cause a lot of damage. The Banyan Water project has identified multiple leaks in the past few years. In the last year, it has identified close to 505 leaks and saved millions of gallons of water.
Rainwater has become highly unpredictable- The overall regional rainfall pattern fluctuates highly these days, and there is an overall water shortage everywhere. Since rainfall patterns are highly unpredictable, water management has become more challenging in the past few years. Therefore, the support of accurate IOT backed systems is necessary to manage water resources and solve real-life problems. Banyan Water is a project that uses such technologies to solve very present problems.
The increase in water affordability rates- There has been an increase in the water rates around the world. The affordability of water has gone down, and there is a disparity between who can access potable water resources. Since access to water resources is a very fundamental right, the Banyan Water project is focusing on making water accessible to different communities through eco-friendly water management practices.
The WATER report says that if water management is not proper in the next few years, the world will be facing water scarcity to a huge extent in the next few years.
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