Xylem: why industry can’t ignore smart water tech
The corporate world often talks a good game when it comes to conservation of resources and sustainability – but all too often, according to Xylem Inc.’s vertical marketing manager for industry, Vinayak Subramanyam, water gets overlooked. He’s worth listening to: Xylem is one of the world’s most forward-thinking water technology companies, and is pioneering the use of “smart water technology” which, the company says, is a critical component in dealing with water shortages.
Xylem’s share price has appreciated by 26% so far this year
Source: Yahoo Finance
In a recent interview with Inside Industry magazine, Subramanyam defined the problem that water can pose for industry players: “Often, water can be overlooked by industrial customers as they focus more on the core process. But water is a crucial supporting aspect into every industrial process. Not optimizing water and wastewater management in industry can leave millions of dollars on the table in terms of efficiency and energy costs, but it can also cause millions in losses if disruption in these secondary processes cause unplanned shutdowns.”
According to him, smart water tech – technology that uses fine precision measurements, connectivity, and visualisation, to track and optimise water usage – is perfectly designed for industry use. Hence, Xylem is planning to capitalise. Discussing the future, he added:
“We will never compromise on being a producer of world-class products. We will be moving more and more into smart water management and systems intelligence, helping industrial players incorporate water more into their own evolution. We will be making industry particularly a big focus as we move forward, as well as developing new technologies to help industries turn water and fluid management from an expense to an advantage.”
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
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