CitySense Technologies defied expectations at the Penn Wharton Start-up Competition by placing third among peers. They were the only team of first year MBAs to place as finalists, let alone in the top three, in an extremely competitive year.
CitySense provides analytics services for water utilities to identify and stop water loss. Their focus is to help cities capture revenue and operate more efficiently and sustainably.
On average, 16% of water that flows through a city’s pipes is lost before it is ever billed to a customer. This is called “non-revenue water”. In total, this is $14 billion in lost revenue every year.
CitySense has developed a suite of analytics products that uses existing utility data (e.g. consumption data) to identify and stop this waste. Several factors cause non-revenue water: water theft, broken or faulty meters, vacant properties, billing errors, leaks and line breaks. CitySense prioritizes for the utility what locations should be investigated. The utility can then reallocate resources to capture more revenue for the city.
This solution is important now more than ever. Cities face declining budgets. Utilities face tighter margins. What is more, this is a vicious cycle: as water goes unbilled and revenue is lost, cities have less money to invest in fixing the problems that exist. CitySense’s products prioritize meter replacement to increase the revenue captured by the city – meaning cities generate more in revenue than they pay for any service.
CitySense’s services are also critical for conservation. As cities face an aging infrastructure and water management becomes increasingly complex, cities will need to unlock the power of big data analytics to continue to be stewards of water for the community and the environment. Cities are just starting to unlock this potential. CitySense is a partner in that mission.
CitySense currently has several ongoing pilots, and is launching more in the coming months. The company is committed to helping city managers capture more revenue for the city, and building a more sustainable future for years to come.