3M New Ventures, the corporate venture organization of 3M, St. Paul, MN, has invested in TaKaDu, Yehug, Israel, a provider of advanced analytics services to monitor water networks. The cloud-based solution offered by TaKaDu takes available raw network data and uses sophisticated analytics to detect and predict network issues, improve incidence response times and monitor and mitigate operational issues in the water grid. Terms were not disclosed.
TaKaDu employs data fusion of raw network data (flow, pressure, water quality and more) and enriches it with secondary data (weather, GIS, calendar) while using advanced statistical algorithms to identify deviations from historical patterns. This approach allows TaKaDu to detect, classify and locate network inefficiencies including leaks, bursts, faulty meters, and zone breaches. It also supports long-term planning and decision making.
Ryan Rogers, global business manager – water infrastructure renewal for the electrical markets division of 3M, said, “With 250,000 local water networks worldwide and non-revenue water between 20 percent and 30 percent globally, there is an incredible growing need for a solution that provides the eyes and ears into the chronically aging water infrastructure. TaKaDu’s novel solution is unique in combining a big data approach, cloud based service, and strong IP."