Water makes the world go ’round — but what happens to it on a day-to-day basis?
At this point, we are all aware that water conservation is an urgent need. Only 1 percent of the planet’s water supply is fresh water, and much of that is used for production purposes. Between 2000 and 2050, manufacturing is expected to increase its use of fresh water by 400 percent.
So how can we incorporate water conservation into our growing need to use more water?
Tech companies are using data to find the answers — Microsoft has partnered with Ecolab and Trucost to prioritize resourcefulness and sustainability through data analysis and smart financial modeling. Together, we’ve launched the Water Risk Monetizer in New York City, a water risk analysis and financial modeling tool that translates water scarcity risks into financial terms, and enables businesses to factor current and future water risks into decision making.
Through the dedication of growing technologies like IoT, machine learning, and other cloud-based technologies, we’re hoping to inspire others to use tech to minimize environmental impact and help us in our commitment to sustainability and environmental awareness.
Recently, our own Adam Hecktman joined West Monroe Partners to explore water quality and scarcity, as well as the impact industrialization has had on water conservation. As our supply of clean drinking water continues to dramatically diminish, our industry has a responsibility to seek solutions to water problems. Organizations like City Digital and Opti use smart sensors to address these issues, and we’re looking forward to learning about other projects at today’s World Water Day Summit.
Read Adam’s blog with West Monroe Partners here.
Read more about the Water Risk Monetizer on the Microsoft Green Blog.