Olea Edge Analytics, an intelligent edge computing platform for the water utility industry, today announced a program for cities to optimize revenues associated with water meter inaccuracy. The program includes a comprehensive survey, installation and access to the Olea Edge Analytics user-interface for real-time monitoring.
As cities across the country are staring at crippling budget shortfalls from the economic shockwaves caused by the COVID-19 pandemic, water utility accuracy can be a significant driver to bridge the revenue gap. New York City believes it will lose $7.4 billion in tax revenue in the next two fiscal years, while Los Angeles is predicting losses between $425 and $820 million in the same period.
“Commercial water meters can lose accuracy by more than 10% per year. If you can find this loss quickly you can capture a huge amount of revenue,” said Dave Mackie, Olea Edge Analytics’ founder and CEO. “Now more than ever, it is important for cities to recover as much revenue as they can. Every nickel saved is necessary for the health of cities and their communities.” Commercial water meters track millions of gallons per month, often as part of an aging infrastructure that includes leaky pipes and water main breaks. Without reliable insight into where the problems lie, cities cannot capture revenue opportunities in the system.
Source: Water World
Finnish site 
Global site