Rat in the Hat
Gold Member
- Mar 31, 2010
- 21,949
- 6,020
- 198
TaKaDu Has VCs Buzzing About Smart Water MonitoringTaKaDu has VCs buzzing about smart water monitoring | VentureBeat
More than four and a half billion gallons of water are lost in transit every day in the United States, according to the U.S. Geological Survey and 25 to 35 percent of water is lost every year worldwide, according to the World Bank.
Now a young Israeli company called TaKaDu has developed an innovative solution to this multibillion dollar problem.
Water loss costs the U.S. $2.6 billion every year, and the world $14 billion. When you add in insurance premiums for coverage against the damage that result from leaks and pipe bursts, these costs increase substantially.
That water has been moved, it has been treated, [and] as it leaks, it might be causing property damage, said Peter Williams, chief technology officer for the Big Green Innovations group at IBM. The economic value of [preventing leaks] is compelling.
As water networks have aged, the challenge has grown. TaKaDus answer to this problem is to use the data that water utilities already collect. It claims to have developed a complex and proprietary mathematical algorithm that can be used to predict and detect leaks, bursts, inefficiencies and equipment failures enabling utilities to quickly prevent and respond to breaks and minimize water loss and repair costs. Infrastructure monitoring therefore enables utilities to make the most of their service and pipe replacement budgets. Heres what its web-based dashboard looks like:
Utilities already have meters all over their networks, transmitting data all the time, said Amir Peleg, TakaDus founder and CEO.