Waltero is all about solving one of our time’s key challenges
Today, companies must respond to the demands of having sustainable production. This can be achieved by reducing the use of raw materials and cutting down on resources, which eventually also has a beneficial impact on profitability. Fostering sustainable production comes from the ability to make use of future technology.
Hence, digitalization is key for achieving this at all levels of a business: strategical, tactical as well as operational.
By digitizing analog meters it is possible to control the consumption of resources. It enables streamlined troubleshooting, where leaks can be found and resource usage can be optimized. Digitization is essential to work more sustainably in various ways: economically, environmentally and resource-friendly.
There are seven stages to a digital transformation when you are going from analog to smart metering systems. This is shown in the model below, where reaching business goals is the aspiration. However, moving from one level to another in the model increases the complexity, adds costs and confronts the company with connectivity challenges.
Waltero offers a shortcut to the goals that the model promises. By offering solutions that address levels two to six, the customers of Waltero can reap the benefits of digitalization at a lower cost and in a shorter time. That is what we call Resource Intelligence.
Seven stages of digital transformation
Levels 6 and 7 are where solutions are integrating sensor-generated knowledge and historical data with AI. This helps leading utility providers to turn knowledge into actionable insights which improves asset planning and meeting their long-term goals.
Levels 4 and 5 are achieved by collecting near real-time data from different sources. The data is then combined and analyzed using a variety of techniques to develop dashboards to monitor system performance.
Level 3 consists of deploying a wider array of sensors either using advanced metering infrastructure or IoT devices connected directly to cellular networks.
Level 2, sensing and control, to some extent. The types of sensors and control vary across utilities.
Level 1, the physical layer is the foundation that each utility has. It includes the pipes, pumps, valves and other devices on the system.
Regardless of their stage in digital adoption every utility provider, such as water and gas companies, face several challenges on a daily basis. Issues like infrastructure failure, bad water quality, limited budgets, under-resourced workforces and asset management are only to mention a few. Without having functioning and timely meter-readings the ability to act upon these challenges is very limited.
However, by advancing the metering infrastructure by digitizing it unlocks new possibilities: operational efficiencies, like remote disconnect metering, delivering accurate billing, improving customer satisfaction and reduced danger related to field work are some examples that follow with digital adoption. In other words, it touches multiple departments. This is spreading out the ROI, but doesn’t always measure the ripple effect. When a utility can model ROI, it makes a much stronger case for investing in assets that will lower costs or improve services in the long run.
The benefit of integrating and sharing data across departments and with multiple stakeholders is often of great value, but it’s harder to measure. With the correct KPI’s the business can follow the progress towards its strategic goal, such as improving non-revenue water or secure stable supply over time. It also opens up for new management possibilities as the data can steer and strategize the organization.
The digital transformation era has arrived, bringing with it various technologies that enterprises may investigate. Businesses must change and quicken the adoption of cutting-edge technologies and catch up with outstanding digital transformation trends. It is high time for organizations to modify their strategies and accept the changes that are most likely to impact the customer experience if they want to stay competitive in this fast-changing environment.
The Internet of Things (IoT) has the potential to accelerate digital transformation within a business, making it one of the most important digital transformation trends. Internet of Things refers to the connection of physical devices to the internet and to each other, allowing them to collect and exchange data. This data can be used to improve efficiencies, create new business models, and provide better customer experiences.
The proliferation of IoT devices is driven by falling costs, increasing computing power, and declining sensor prices. As IoT devices become more affordable and easier to deploy, IoT technologies can be used as keys for businesses to enter digital transformation. New strategic targets for the industry sector are added to the classical. It’s about becoming sustainable, making better predictions to ensure supply over time and better to optimize the usage of resources over time.