TaKaDu’s CEM platform delivers exceptional results by effectively addressing water utility challenges and empowers them to enhance operational efficiency, decrease NRW losses, and improve customer service
Yehud, Israel – July 4, 2023 – TaKaDu, a leading provider of advanced water network management solutions, has been honored with the prestigious Frost & Sullivan New Product Innovation Award in the global digital water utility management solutions industry. The recognition highlights TaKaDu’s ground-breaking Central Event Management (CEM) platform, which has revolutionized water utility management by significantly reducing non-revenue water (NRW) losses and improving operational efficiency.
Frost & Sullivan, a renowned market research and consulting firm, conducted a rigorous evaluation of TaKaDu’s innovative solution and identified the company as a standout performer in the digital water utility management solutions industry. TaKaDu’s CEM platform enables water utilities to detect, analyze, and manage network events and incidents in real time, including leaks, bursts, faulty assets, data issues, and operating failures. By providing actionable insights and facilitating quicker response times, TaKaDu’s solution empowers operators to enhance operational efficiency, decrease NRW losses, and improve customer service.
According to Frost & Sullivan, mitigating NRW losses is of paramount importance in the water industry, as leakages and other factors contribute to significant financial losses and the wastage of precious freshwater resources. TaKaDu’s CEM platform delivers exceptional results by effectively addressing these challenges, offering features such as automated leak detection, accelerated response times, high-quality data availability, and enhanced visibility into network incidents.
Sharath Thirumalai, Industry Analyst at Frost & Sullivan, commented, “Reducing NRW losses and associated damages arising from unidentified pipe bursts and leakages is imperative to addressing global water utility management challenges. TaKaDu has introduced its unique and robust CEM platform as a one-stop solution that streamlines water utility management. The software provides real-time early detection alerts that aid water utility operators in mitigating NRW losses – all while enhancing the network’s operational efficiency. Deployed globally, the CEM software has demonstrated significant results, impressive high ROI of X10, including decreasing NRW losses by 30% and accelerating the average repair cycle time by 60%.
Amir Peleg, CEO of TaKaDu, expressed his gratitude for the award, stating, “We are honored to receive the Frost & Sullivan New Product Innovation Award, which acknowledges our commitment to driving advancements in the water industry”. “TaKaDu’s CEM platform empowers utilities to bridge between different silos and streamline communication in the organization and it facilitates the development of simplified and modernized work procedures. As a result, operators worldwide are witnessing remarkable enhancements across various dimensions of their water networks. These include a substantial increase in data availability (ranging from 75% to 92%), improved data quality (ranging from 55% to 85%), a valuable detection rate of 74% and above, an outstanding usability score of 94% and higher, an average water saving of 24 megaliters per kilometer per year, and a response time to leak incidents of less than one week” he added. For more information about the definitions of these KPIs.
The Frost & Sullivan New Product Innovation Award underscores TaKaDu’s position as a market leader in water utility management solutions. With a strong track record of delivering tangible results and a customer-centric approach, TaKaDu remains at the forefront of innovation in the industry.
With the announcement of the award, Frost & Sullivan has released a report, recognizing TaKaDu for its leadership and strong overall performance in the digital water utility management solutions industry. The report is available for download on the TaKaDu website.
Frost & Sullivan is a global market research and consulting firm that empowers organizations to accelerate growth and achieve best-in-class positions in various industries. With over five decades of experience and a team of industry experts, Frost & Sullivan provides strategic insights, market intelligence, and actionable recommendations to help companies navigate dynamic market challenges and identify growth opportunities.
