Around the world, some 25 to 30 per cent of global water supply worth $14 billion is wasted in the water distribution process.
Setting out to solve this problem, one Israeli firm, TaKaDu, created a software solution that analyses complex raw data from utilities to detect issues such as leaks, bursts and pressure issues earlier, resulting in a reduction of water wastage.
For the way it has revolutionized how utilities manage their water supply and helping to save the world’s precious resource, TaKaDu won the Sustania Award on Thursday night at a ceremony in Copenhagen attended by 1,000 guests.
“The Sustainia Award winner is a great example of the solutions we need. With an advanced technology, they help address a serious issue facing many communities, scarcity of water. They are true green action heroes,” says former California governor Arnold Schwarzenegger, chair of the Sustainia Award Committee.
TaKaDu chief executive Amir Peleg told Eco-Business at the ceremony that the company was surprised to win the award. “It’s emotional and we’re very excited. The award will help raise awareness on the water sector and the importance of reducing water wastage,” he said.
The award, which honours the world’s best sustainability innovation, is initiated by Copenhagen-based sustainability think tank, Sustainia, in collaboration with Schwarzenegger’s initiative Regions20, UN Global Compact and the EU Commission.
Dr. Rajendra K. Pachauri, chair of the UN climate panel, IPCC, who presented the award to Peleg commended TaKaDu’s “state of the art technology” as an “excellent solution to how we can optimize our most valuable resource: Water.”