Best free asset management software for water utilities

Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets physical objects such as buildings or equipment and to intangible assets such as human capital, intellectual property , goodwill or financial assets. Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner including all costs, risks, and performance attributes. The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund.

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Proactive and Dynamic Asset Management

Subscribe now. Curious about new technological advancements impacting utility companies? Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the utility sector. This time, you get to discover 5 hand-picked asset management startups impacting utility companies.

Further, it highlights 5 asset management startups that we hand-picked based on criteria such as founding year, location, funding raised, and more.

For insights on the other asset management solutions for utility companies, get in touch. Schedule Demo. All utility distribution systems are prone to leaks due to their large scale and exposure to the elements. Among these systems, leaks in gas and other fluid pipelines are especially dangerous due to the hazardous nature of these substances.

Besides, the existing manual monitoring techniques are not proactive for the early detection of leaks. This is why startups and scaleups are developing sensor-based monitoring systems that continuously monitor the flow and asset parameters. Vigti is a Singapore-based startup that develops remote monitoring solutions for gas distribution pipeline networks.

The design of the solution further allows for integration with any type of sensor available in the market, avoiding the need for expensive replacements of existing hardware.

Maintaining the optimum water pressure is critical to provide the agreed supply pressure to the customer. Pressure surges, in particular, affect the reliability of the pipes and other ancillary components. Existing surge protection devices typically dump water to release the extra pressure, causing the loss of usable water. This is why startups are developing pressure management systems that regulate pressure without wasting water through leaks.

By converting waste energy into low-cost electricity, the solution reduces operational costs and addresses the requirements of electric utilities. In-PRV also provides water agencies with more control over water pressure during both high- and low-flow conditions. This level of precision eliminates chatter, vibration, and pressure pulses that typically lead to leaks and water loss.

All the components of an electricity distribution system need to function at maximum efficiency for the cost-effective operation of a grid. To achieve optimum performance and prevent failures, the health of all constituent assets requires monitoring and predictive maintenance. This is why startups are developing AI-powered asset management solutions that enable health monitoring.

These solutions improve the reliability of the grid components and reduce operating costs. These insights further ensure the effective scheduling of maintenance activities with low downtime. EnrichAI also provides a transformer monitoring unit that analyzes oil level, temperature, and humidity to inform utility managers about transformer health.

Linear infrastructure like water and sewer pipelines are difficult to monitor in real-time due to their highly distributed architecture.

The current methods of monitoring use manual techniques and are labor-intensive. Crucially, they do not provide real-time information regarding the assets. This is why startups are developing technologies that use geographical data to monitor utility assets in real-time. Such solutions improve communication in the distribution system and enable clear decision-making.

Platoi is a Canadian startup that develops asset monitoring solutions using edge data technology. The startup combines machine learning ML and remote sensing techniques to deliver insights about the utility assets. Platoi integrates geospatial information with climatic data sources, analyzing and correlating it on an ongoing basis in their cloud computing platform.

The visualization, actionable reporting, and real-time alerts enable utility companies to predict operating expenditures and make decisions accordingly. In the wake of the Covid pandemic , the use of wipes and paper towels has increased, in turn, resulting in an increase in sewer blockages.

Undetected blockages result in a sewer overflow that causes both environmental and material damage. This is why startups are developing solutions that allow the efficient management of wastewater networks. Neuroflux is a Finnish startup that develops an AI-based network management system for wastewater utilities. The startup helps utility companies visualize the wastewater network on a map and uses AI-generated models to identify anomalies in real-time.

This gives utility managers more time to react before the problems escalate. Nueroflux combines data from multiple sources so that, even if one data source fails, the other keeps the engineers up to date on asset status. The solution allows for vendor-independent use of hardware and using data from existing sensors.

Utility startups such as the examples highlighted in this report focus on utility infrastructure management, wastewater network management , and pipeline leakage detection solution. While all of these technologies play a major role in advancing utility asset management, they only represent the tip of the iceberg. To explore more technology solutions for utility companies, simply get in touch to let us look into your areas of interest.

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Asset Management Software for Water Utilities

Open access peer-reviewed chapter. Urban water systems are the most valuable part of the public infrastructure worldwide, and utilities and municipalities are entrusted with the responsibility of managing and expanding them for current and future generations. Infrastructures inexorably age and degrade, while society places increasing demands for levels of service, risk management and sustainability. As many systems reach high levels of deferred maintenance and rehabilitation ASCE, , the combined replacement value of such infrastructures is overwhelming, demanding judicious spending and efficient planning. Infrastructure asset management IAM of urban water infrastructures is the set of processes that utilities need to have in place in order to ensure that infrastructure performance corresponds to service targets over time, that risks are adequately managed, and that the corresponding costs, in a lifetime cost perspective, are as low as possible.

Digital asset management (DAM) software helps organize, store and deliver rich media assets, such as images, videos, animations and podcasts.

10 Game Changing Benefits of Asset Management Software

Official websites use. Share sensitive information only on official, secure websites. JavaScript appears to be disabled on this computer. Please click here to see any active alerts. CUPSS is a legacy software application that was developed more than 10 years ago to assist drinking water and wastewater utilities in implementing an asset management plan. While still available for use, the tool is no longer being updated and may not compatible with the latest computer operating systems. CUPSS is a free, easy-to-use, asset management tool for small drinking water and wastewater utilities.

Asset management

best free asset management software for water utilities

All our Innovator features but with extensive asset management capabilities, accounting integrations and customer experience features. A place for field service trades to access the best content - articles, webinars, podcasts, industry-leading voices and expert advice! The biggest challenge Asset Servicing businesses face is often how to manage their schedules and more service businesses are turning to Asset Management Software to meet expectations. You need to ensure all assets that require servicing are booked into your schedule and your team is available at that time. Carrying out a cost effective planned maintenance schedule also creates a lot of admin.

Asset management is decentralized and inefficient. Every asset from a different era, every data point in a different dashboard, every department trained on a different system.

The world's smartest asset management solution

Beuken, J. Eijkman, D. Savic, A. Hummelen, M. Blokker; Twenty years of asset management research for Dutch drinking water utilities. Water Supply 1 December ; 20 8 : —

Utility Management Systems

There are many different facets involved in the process of providing clean and safe water for citizens. Local government municipalities and water utility companies must take proper care of critical equipment and facilities, complete maintenance tasks, comply with regulatory standards and maintain detailed records among other activities. Computerized maintenance management systems CMMS and enterprise asset management EAM software can streamline many of these activities and more. Advanced enterprise CMMS solutions i. EAM software typically provide even more features such as real-time dashboards displaying key performance indicators KPIs , mobile accessibility and integration with other applications.

WebDPW is the best Public Works Software to manage and track your work orders, service scheduling, invoicing, and everything else you need to run a.

Check-Up Program for Small Systems (CUPSS) Asset Management Tool

Learn how. Enterprise asset management consists of the systems, services, and software that maintain and control an organization's operational equipment and assets. By optimizing the quality and use of assets throughout their life cycles, organizations can reduce costs while improving uptime. We will help you select and configure your asset management solution AMS , provide solutions, and extend your AMS to meet your specific requirements through an enterprise asset management system.

Discover 5 Top Asset Management Solutions impacting Utilities

RELATED VIDEO: 5 Best Asset Management Software

October 9, by John W. Managing water utility assets has become an increasingly challenging job for cities and towns in Washington. More stringent state and federal regulations, inspection requirements, and public awareness of water quality issues have made maintenance requirements of water storage assets a hefty burden. This means that deferring maintenance on these utility assets has become a fact of life for many cities and towns, which leads, at best, to unnecessarily high repair or replacement costs, and, at worst, to premature failure of the assets. To address these growing problems, the legislature passed EHB

ArcGIS is an extensive information system that enables modernization of workflows with easy-to-use applications for the field and office. Strengthen your organization with smart water solutions that will increase efficiency and provide insight for decision-makers.

Enterprise Asset Management (Powered by Lucity)

I agree to receive emails from Mobiess relevant to the nature of my request. Record changes to asset condition and simplify periodical asset validation exercises. Track and record all gas losses and additions to create a central record of all refrigerant gases. Finding the right mobile asset survey software for your Facilities Management business is not easy. Mobiess Asset Inspector is a multi-project, multi-site asset audit and collection tool designed to help organisations gain more control over assets and maximise the return on capital investments. Asset Inspector collects asset data faster, more efficiently and with a greater level of consistency and quality.

Properly keeping track of your assets can save you money. Asset management for water utilities can help decrease water losses and increase efficiency of the utility system through a good integration with the billing system and meter software. You can provide the utility additional revenue and cash flow and reduce non-revenue water when properly utilizing a good asset management software solution. In simple terms, non-revenue water NRW is water that is pumped and then lost before it reaches the customer.

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