Banyan Water, the leading provider of data-driven water conservation software for the built environment, today released its 2021 Banyan Water Analysis Trends and Emerging Risk (W.A.T.E.R.) Report.
Banyan’s report analyzes 2020 data from its portfolio of properties, identifying major enterprise-level water risks jeopardizing large-scale conservation amidst historic droughts. The report also identifies the millions of dollars in hidden costs properties face due to water mismanagement coupled with rising regional water rates.
“Severe droughts threatening water reserves are not just an issue. We’re combating a full crisis,” said Gillan Taddune, CEO of Banyan. “Corporations can no longer put water management on the back burner. Insights from our report underscores the importance of Banyan’s data-first water management system that eliminates costly risks for U.S. enterprises.”
The report explores market data on water usage and climate in the U.S. to reveal:
- Water leaks critically impact enterprise-level risk: Banyan identified—and stopped—more than 505 leaks, preventing more than 5.1 million gallons of water waste.
- Regional rainfall amounts vary, posing challenges: Fluctuations in average daily rainfall resulted in unpredictable water supply and demand, complicating property management and increasing the risk of loss.
- Rising regional water rates drive property expenses: Banyan reported an increase in yearly water rates across several regions of the U.S.—as much as a 7.6 percent increase in rates year-over-year—and highlighted significant rate increases in Houston.
- Unpredictable water flow rates lead to unforeseen costs: Existing buildings and local infrastructure are not standardized across the United States, making it difficult to anticipate water-related expenses throughout a property’s lifetime.
To access the full report, click here.
About Banyan Water
Founded in 2011, Banyan Water is the leading provider of data-driven water conservation software for the built environment. Using smart devices and real-time monitoring and analytics, Banyan protects Earth’s most precious resource while significantly reducing expenses for clients. Since the company’s inception, Banyan has saved more than 4 billion gallons of water—enough to supply Cape Town, South Africa for a month during the height of its 2018 water crisis—secured the esteemed EPA WaterSense label on select products, and, in 2020, increased customer asset value by $36 million. For more information, visit www.banyanwater.com.