Olea Edge Analytics Launches CityEdge, a Platform to Recover Revenue for Cities
Sep 11, 2020
Olea Edge Analytics, an intelligent edge computing platform for the water utility industry, announced the launch of CityEdge, a combination of blockchain technology, AI and machine learning that unlocks much-needed revenue for cash-strapped cities.
Municipal officials face huge deficits brought on by the COVID-19 pandemic, and there are limited options to close the revenue gap. However, one of those options comes from a surprising source: repairing broken or malfunctioning commercial water meters.
CityEdge notifies customers of water infrastructure issues more quickly than current crews can find them, allowing utilities to fix them fast and recover lost revenue. Best of all, the money identified and recovered by CityEdge can be repurposed to any city project immediately, bypassing the prolonged search for funding that slows most major initiatives.
“People are surprised to learn that they can make these simple repairs and turn that money into a catalyst for much-needed projects,” Olea Edge Analytics CEO Dave Mackie said. “Everyone is looking for an edge in funding, especially during these economic times. This platform gives them exactly that.”
Water bills are one of the few significant ways that cities make money. Airports, taxes and special events are a few of the other types of revenue generators; however, water bills can generate revenue right away, assuming that the system is working correctly.
Olea Edge Analytics’ history with numerous utilities shows that up to 40% of all high-volume commercial water meters can be underbilled and need repair. And under normal conditions, commercial water meters can lose accuracy by more than 10% per year.
The patented blockchain architecture within CityEdge validates water usage data from the moment that it leaves the meter’s sensors to the moment it reaches the customer. The encrypted data in the blockchain ledger is also distributed across every device in the network, making it more secure and traceable than ever before.
The platform also creates a digital twin—a virtual replica of a physical product or system—of every meter on the network. A full suite of sensors monitors and provides advanced analytics for each component in the system.
More News and Articles
Apr 24, 2024
News
Sustainable drainage solutions: German Start-up transforms urban water management.
Germany boasts a well-established infrastructure for managing rainwater and wastewater, yet many developing countries lack such systems. Addressing this gap, …
Apr 22, 2024
News
HDD tooling that gets the job done
Horizontal directional drilling is a dynamic process that constantly changes and adapts to suit a range of applications across utilities and infrastructure. Operators looking to get the most from their equipment …
Apr 19, 2024
News
WATCH: Overnight with SAERTEX-LINER H20 in São Paulo
Available through Pipe Core, high-quality liner SAERTEX-LINER H20 performed under pressure in São Paulo, Brazil.
Maintaining aging potable water pipe infrastructure is a constant challenge …
Apr 17, 2024
News
Immersive media provides wastewater experience in Denmark
An immersive media experience (IMX) may not be what most people want when they think about industrial wastewater, but that is exactly what visitors can expect when they visit a new installation …
Apr 15, 2024
News
Spotlight on gender diversity at Pipe Core
Since founding in 2008, Pipe Core’s team has grown across all areas of the business and is now in a position where there are more females than males across the organisation. Research published in Harvard …
Apr 12, 2024
News
New Wave of Startups Scale Innovation to Solve Global Water Challenges
Innovators from Around the World Join Xylem’s 2024 Accelerator Program to Deploy Breakthrough Innovations for Utilities and Industrial Users of Water
A new group of startups …
Apr 08, 2024
News
Integrated sustainable electricity and clean drinking water systems
Altitude Water and New Use Energy Solutions have partnered to create integrated, mobile solar-plus-water generation systems that produce sustainable electricity and clean drinking …
Apr 05, 2024
News
How to Evaluate Hydraulic Fracture Risk in HDD Design
The design of horizontal directional drill (HDD) installations often requires an evaluation of the potential for hydraulic fracture of the soil layers through which an HDD passes. Evaluating …
Apr 02, 2024
News
Historic Project Linking Rome and Vatican City Uses Advanced Technology and Local Knowledge to Keep Water Flowing
Relocation of Major Sewer Infrastructure Enables Construction of Pedestrian Link for 35 Million Visitors to the 2025 Jubilee
Water …
Mar 27, 2024
News
USU Study Looks at Water Main Break Rates in the U.S. and Canada
Report Highlights Correlation Between Material and Diameter
Utah State University (USU) has published new research on water main breaks in the United States and Canada, examining …
Mar 26, 2024
News
Update BE-21: New Material in Course and Modules on Trenchless Pipe Installation
Online training on the topic of pipeline installation in civil engineering: Trenchless technology for underground drainage construction can be a resource-efficient, …
Mar 25, 2024
Article
Bacteria as a new weapon in wastewater treatment
In early November, San Diego based startup Aquacycl officially opened its first European office and test center at the Water Campus in Leeuwarden. The Netherlands Foreign Investment Agency (NFIA) …
Contact
Olea Edge Analytics
1100 San Augustine Dr
78738 Austin
United States
Phone:
+1 844 653 2638