Recent research from Verdantix found documented water strategies to be common: 90% of water-intensive companies and 64% of non water-intensive companies have a documented water strategy in place. However, even among water-intensive companies, nearly 60% have yet to set a water performance benchmark.1 Firms still struggling to understand the return on investment (ROI) from their water management strategy are challenged to create a sound business case for water initiatives. A review of the percentage change in the $/Kgal by market segment (chart below) makes it clear that developing and executing on proven water reduction initiatives and water stewardship across water-intensive industries must become a focus point for executive leadership.
PERCENTAGE INCREASE IN $/KGAL FOR ECOVA CLIENTS FROM 2008 (BASELINE) THROUGH 2012
HOW BIG DATA HELPS
Ecova continuously gathers insights from its Big Data Warehouse, a massive information inventory that incorporates more than 2.5 billion points of energy data from 17 business sectors.
Our patented data warehousing and analysis process collects information directly from clients’ utility bills, ensuring a timely, accurate stream of information flowing directly into the Big Data Warehouse. The process creates a more accurate and current energy picture than self-reported data, with constant updates that provide a continuous picture of energy trends and consumption.
This detailed information helps companies develop comprehensive cost and consumption and sustainability reports, and supports the outlier investigation and execution so critical to addressing water efficiency.
For more information on Ecova’s big data initiative, and for a healthy dose of the detailed and actionable data we’re producing, download our new paper, A Big Data Look At Energy Trends: 2008-2012.
1Verdantix: The State of Global Corporate Water Strategies, February 2012