What's Happening?
Schneider Electric has released new research indicating a significant disconnect between water management strategies and their execution in the U.S. The study, conducted with NewtonX, surveyed over 200 decision-makers and found that while many cities and businesses have water strategies, only about 10% are implementing smart water plans consistently. Key barriers include budget pressures, cybersecurity concerns, and lack of real-time data. The U.S. loses 7 billion gallons of treated water daily due to leaks, costing utilities $6.4 billion in lost revenue. With 260,000 water main breaks annually, the operational and financial toll is substantial. Schneider Electric emphasizes the need for automation and smarter water strategies to address these challenges.
Why It's Important?
The findings underscore the urgent need for improved water management in the U.S., as aging infrastructure and rising demand continue to strain local systems. The financial impact of water loss and infrastructure failures is significant, affecting both utilities and consumers. Embracing automation and smarter strategies could enhance resilience and efficiency, potentially reducing costs and improving service delivery. This is crucial for maintaining the economic strength of the nation, as water is a fundamental resource for both life and industry.
What's Next?
Cities and businesses may need to prioritize investment in infrastructure upgrades and digital tools to improve water management. Examples like Conroe, Texas, which partnered with Schneider Electric for a $50 million infrastructure upgrade, demonstrate the potential benefits of such initiatives. Stakeholders may also need to address cybersecurity concerns and budget constraints to facilitate the implementation of smart water strategies.
