Smart Water Management Market To Reach USD 48.1 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]
ABB Ltd (ABB)
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Source: Yahoo! Finance
Fort Collins, Colorado, May 04, 2024 (GLOBE NEWSWIRE) -- Smart water management has become crucial to mitigate the risks of the water crisis. The rise in demand for smart water management is a critical response to increasing urbanization, population growth, and climate change challenges. By leveraging advancements in information and communications technology (ICT), such as the Internet of Things (IoT) and Artificial Intelligence (AI), real-time monitoring and data-driven decision-making are becoming integral to efficient water management. The integration of IoT sensors and AI algorithms allows for continuous monitoring of water systems, detection of leaks, optimization of distribution, and prediction of maintenance needs. This real-time data and response capability not only improves operational efficiency but also helps conserve water resources and reduce losses due to leaks or inefficiencies. Moreover, the growing popularity of these communication models signifies a recognit
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