Achieving Sustainable and Resilient Corporate Water Strategies with AI
The Value of Artificial Intelligence in Achieving Sustainable and Resilient Corporate Water Strategies
Access to water is one of the greatest challenges to business continuity and growth. A key component of this challenge is the effective operational management of water, which plays a critical role in how much of this resource is utilized. Businesses across a range of sectors such as agriculture, energy, food and beverage, and manufacturing are discovering the value of investing in access to water supplies, water use across their value chain (e.g., supply chain, operations and product use) and improvements in the efficiency and effectiveness of infrastructure and assets to manage water (e.g., treatment systems).
Businesses also have a critical role to play in ensuring access to water for their customers, workforce, and communities. Increasingly, consumers, customers, investors, non-governmental organizations (NGOs), and civil society favor “brands with purpose” which includes consideration of how businesses are stewards of water.
One of the many lessons we are learning from the COVID-19 pandemic is that analog solutions to water management are no longer viable to ensure sustainable and resilient operations. Businesses and the public sector must now more efficiently and effectively manage that precious gallon or liter of water. As a result, digital technologies such as AI, IoT and remote sensing have an ever-increasing role to play in addressing water risks to business continuity and growth across their value chains.
Figure 1 illustrates the digital water technology value chain and representative digital water technology use cases for each segment of the business value chain.
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by Will Sarni, Founder and CEO, Water Foundry Prateek Joshi, Founder and CEO, Plutoshift