Elevate Water as a Leadership Issue
Blog written by: Jennifer Caldwell, CMO, Aquanomix
It’s imperative that C-suite executives assess and view water risk as a strategic issue. Water is essential for economic growth; no company can operate without it.
It can also have the largest short-term, financially catastrophic consequences. Manual, point-in-time methods to manage the ever-changing conditions in your water systems are not sufficient to achieve a steady state for your water program.
How can this impact your company’s bottom line?
Waterborne pathogen outbreaks, like Legionella, can make your building occupants sick. According to the CDC, about 1 out of every 10 people who get sick with Legionnaires' disease will die due to complications from their illness. This can lead to multi-million dollar lawsuits and irreparable brand damage.
Mismanaged water systems contain build-up which causes the system to work harder, requiring more energy to operate and significantly increasing utility bills. This also causes your system’s value to depreciate faster which means you will need to replace the capital equipment sooner.
Without deeper insight into what is going on within your system, millions of gallons of water can be wasted due to such issues as overflowing cooling towers and leaks.
By utilizing technology, such as Aquanomix’s Symphony Software, to watch the relationship between your water treatment controller and your building’s automation system in real-time, you can significantly mitigate these CapEx, OpEx and Life Safety risks impacting your bottom line. A smart digital spend will help balance your short-term financial performance and your long-term sustainability commitment.
Data analytics is solving problems across industries, including water management. In a survey conducted by the Business Application Research Center some of the top benefits of data analytics include the following:
69% said data helps them make better strategic decisions.
54% said data improves their control of operational processes.
47% said data helps reduce costs.
Corporate leadership needs to make water’s economic value and financial risk a part of their strategic priorities because ignoring water poses a significant risk to their company’s well-being and future success.