Presenter:

Robert Kijak, Author

43:44 Minutes

This presentation draws on a new book by Robert Kijak, “Water Asset Management in Times of Climate Change and Digital Transformation,” published by Springer Nature under an imprint of Palgrave Macmillan.

Asset management practices of water utility companies have been recently subject to two strategic drivers: climate change and digital transformation. The latter driver is associated with the fourth industrial revolution - Industry 4.0 - that is contextually named as Water 4.0 (fourth water revolution). The former driver is often debatable, but regardless, weather anomalies have recently become an elevated risk to water assets. Examples from semi-arid and water stressed countries are used in this book as lessons learned that demonstrate how the contemporary asset management practices might still protect against climate change and thus, enhance climate resilience.

Protection against climate change related risks is, however, becoming a less realistic and complex task as time passes. The refocus on accommodating, retreating and avoiding risks is then becoming the preferred approach, particularly with extensive use of recycled water and small local desalinization plants. The relevant risk accommodation strategy ensures a greater energy efficiency and makes the use of renewable energy possible so that their carbon footprint might also be reduced. New design and operational guidelines might be required for water assets with Artificial Intelligence assisting to operationalize otherwise overly complex models and monitoring methodologies. The use of Artificial Intelligence allows asset engineers to have a more strategic role. The retreat/avoid strategy with an extensive use of other Water 4.0 technologies and solutions might also minimize water footprint. Digital transformation ensures then the optimization of assets and processes, which has been illustrated in this book by a number of case studies worldwide.

It is proposed in this book that Water 4.0 be incorporated into the companies’ asset management systems. Such systems assist with balancing performance, risk and costs, and are built upon asset management fundamentals including adaptability. Despite the adverse climate change impacts, the business value from asset management might continue to increase through the disruptive Water 4.0 technologies and solutions. The implementation of asset management systems with reference to the ISO 55001 standard by water utility companies should ensure both Water 4.0 and climate adaptation, and ultimately climate resilience.


Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Project Planning and Management for Asset Recapitalization and Enhancement with Maximo

Project Planning and Management for Asset Recapitalization and Enhancement with Maximo

Being part of an O&M organization means not only dealing with the day-to-day asset maintenance but planning for the recapitalizations and enhancements that will keep the capabilities of the facility current for years to come.

I Need Reliability, but How Do I Talk to My Senior Leaders?

I Need Reliability, but How Do I Talk to My Senior Leaders?

Not managing your assets to deliver true reliability? How do you get started and get Senior Leaders engaged in the effort?

Framatome's Innovative Use of Maximo to Support the Nuclear Power Industry

Framatome's Innovative Use of Maximo to Support the Nuclear Power Industry

Framatome is an international leader in nuclear energy recognized for its innovative solutions and value-added technologies for the global nuclear fleet.

A Robust Framework for Risk Management

A Robust Framework for Risk Management

Asset management is the coordinated activities of an organization to realize value from assets. Guidance in asset management can be found in the ISO 5500X series of international standards.