Xylem: world needs more water info!
New research from global water technology company Xylem Inc. paints a worrying picture: while we live in a world of Big Data, the information we’re gathering about our water usage is diminishing. Of course, water itself is also diminishing in the face of warming temperatures around the world and a rising population – this means it is more crucial than ever that we gain a firm understanding of how the water cycle is operating.
Year to date, Xylem’s share price is up by 16%
SOURCE: Yahoo Finance
Xylem has published a new report The Value of Water information Overcoming the Global Data Drought. The report states: “Despite the growing need and the increasingly actionable opportunity to address it, the backbone of the global water monitoring system – made up of publicly available, scientifically validated networks of sensors, communications equipment, and data centers that support a wide number of uses – is struggling just when it is needed and used most.”
Xylem says that an industry survey of water professionals from 2012 highlighted a need for better data, with 72% of them reporting that they needed more information to meet program goals. Awareness of this problematic disparity between what water professionals need and what they’ve got is widely reported in academia and industry. But the ramifications go beyond write-ups in scientific journals. The report states:
“As it is difficult to manage what goes unmeasured, gaps in public water data systems do not bode well for our collective ability to achieve sustainable water resources management.”
The full report is available from Xylem Inc.’s website. If you’d rather just get highlights, the company has also put together a video that sums up the situation, which you can watch below:
Dominion holds Xylem Inc. in its Global Trends Managed Fund.
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