TaKaDu has VCs buzzing about smart water monitoring | VentureBeat | Green | by Contributor
Summary
“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. 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. They use it for operational needs, not for early detection.” TaKaDu, however, uses this information, combined with data gleaned from other sources, to identify local and regional consumption baselines, as well as daily and weekly use patterns. Common data sources include utilities’ supervisory systems, which keep tabs on water turbidity, acidity and temperature, as well as public weather services. “TaKaDu can very quickly prove ‘Is there a return on investment?’ and shorten the sales cycle,” said Sagi Rubin, a cleantech specialist at private equity firm Virgin Green Fund.
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