imagining the future - world water week · fintech helps urban households manage the upfront cost...
TRANSCRIPT
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DRAFT FOR DISCUSSION
Imagining the FutureDisruptive Innovation for the Water Sector
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DRAFT FOR DISCUSSION
Innovation is the process of converting ideas into value
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DRAFT FOR DISCUSSION
Internet of Things
Disruptive Technologies are radically changing the world
Artificial Intelligence
Remote Sensing
Blockchain
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DRAFT FOR DISCUSSION
Build
WBG’s new disruptive technology strategy
Boost
Broker
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DRAFT FOR DISCUSSION
Fintech for Water
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The emergence of fintech is underpinned by the
rapid expansion of mobile internet usage
5
1.75 billion new
subscribers by 2025
77% of mobile
connections on
smartphones
50% decrease in
the cost of
computing every
three years
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Fintech offers numerous benefits when compared
to traditional financial services
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Reduced Costs Reduced Friction Increased Access Added Value
Reduced technology costs and increased
competition facilitated by lower
barriers to entry make executing a transaction much cheaper using a
fintech tool.
Fintech eliminates middlemen and
geographic challenges from
financial transactions allowing individuals to make transfers
instantly via mobile money.
Fintech solutions are accessible in
anywhere a mobile network is present
(>80% of the world). Low costs and ease-
of-use empower customers who lack technological savvy.
By removing overhead and
facilitating small transactions, fintech opens the possibility of offering services
only practical where costs are low.
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Non-revenue water and low collection rates prevent
large utilities from expanding access.
Case Study: WeChat – Utility Payments via mobile money
Problem: Paper-based billings are inefficient and prone to fraud
Solution: Customers pay their water bill using an e-wallet, allowing utilities to collect quickly and monitor accurate payment and reporting
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Fintech helps urban households manage the
upfront cost of water and sanitation
Case Study: E Water Pay – blockchain
subsidies for urban water and sanitation
services
Problem: Targeted subsidies require
excessive overhead, lack transparency, and
don’t always reach the intended recipients
Solution: Blockchain tokens could be used
to subsidize service providers directly to
reach underserved urban households
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Small-scale service providers lack access to
financing and proper accounting.
Case Study: E-Power Cambodia –Simplified accounting and billing through cloud-based software
Problem: Small water and sanitation enterprises lack enough managerial sophistication to serve efficiently
Solution: Created a “utility in a box” software for small-scale providers that offers accounting, production management, and a billing system
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Fintech provides alternative payment solutions for
smallholder farmers
Case Study: Sun Culture – Pay-as-you-go to reduce upfront equipment costs
Problem: The initial cost of irrigation systems are too high for most smallholder farmers.
Solution: PAYG shut-off technology covers the price of the equipment so farmers only have to front the installment.
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DRAFT FOR DISCUSSION
Envisioning the Smart Water Utility
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Bringing technologies to life
SMART UTILITIESWorld Bank
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WHY? - COMPLEX CHALLENGES
© 2017 Isle Utilities. All Rights Reserved
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CREATING A SMART UTILITY
© 2018 Isle Utilities. All Rights Reserved
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SMART SOURCE WATER MANAGEMENT
Information and management systems for greater control over quantity
and quality of raw water sources
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SMART WATER TREATMENT
Producing high quality water with lower energy and chemical use
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SMART DISTRIBUTION
Alternative supply methods and sensors to reduce water loss and ensure
water quality
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SMART STORMWATER MANAGEMENT
Alternative supply methods and sensors to reduce water loss and ensure
water quality
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SMART WASTEWATER TREATMENT
Organica: New thinking to deliver decentralised waste water
treatment
© 2018 Isle Utilities. All Rights Reserved
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SMART WASTEWATER TREATMENT
Fluence: a containerised wastewater treatment plant
© 2017 Isle Utilities. All Rights Reserved
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SMART DATA UTILISATION
Asset development and management
© 2017 Isle Utilities. All Rights Reserved
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SummaryMultiple
Water Sources
Advanced Water
Treatment
Minimal Non
Revenue Water
Domestic and
Industrial Use
Advanced Wastewater Treatment
Source Recharge
Industrial re-use
Benefits of Smart
Utilities
• Optimal use of limited
water resources
• Harnessing technology
to reduce operating
costs
• Energy efficiency and
reduced CO2 emissions
• Reduced environmental
degradation
Stormwater Management
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DRAFT FOR DISCUSSION
Imagining the FutureDisruptive Innovation for the Water Sector