Last week, the Huffington Post reported that the US will need $1T over the next 25 years to replace or repair deteriorating drinking water pipes throughout the US. This price tag highlights the well known problem with the water main infrastructure in the US – it is reaching the end of its lifespan and deteriorating rapidly.
At ThingWorx, we believe that this represents an opportunity to take advantage of breakthrough technologies in today’s connected world to build out the next generation of Smart Infrastructure in the US. The significant cost savings that can be realized through the implementation of sensors and real-time condition monitoring on these physical assets cannot be ignored. Furthermore, a smarter pipe infrastructure can also aid in ensuring safe, clean drinking water throughout the US.
We believe that the time is now to address the future of our physical infrastructure. This is one of the reasons we are joining forces with IBM and Carnegie Mellon in the Pennsylvania Smart Infrastructure Incubator. Together with other innovative companies, we are exploring how we can leverage modern technologies and tools in an effort to blend traditional physical-infrastructure, such as water pipes, transportation systems, and buildings, with cyber-infrastructure – computers, networks, and sensors. The goal is to build a safer, more efficient, and environmentally sound infrastructure throughout the US.
While we may not be able to avoid the full cost of repairing our existing physical infrastructure, we can, and should, take advantage of today’s modern technologies and use this opportunity to create a smarter, more connected infrastructure in the US.