Accenture has made a strategic investment, through Accenture Ventures, in KETOS, Inc., a data intelligence innovator that uses a proprietary technology platform to help organizations monitor and address water efficiency and quality.
KETOS is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and early investment program that connects emerging technology startups with the Global 2000 to enhance the strategic capabilities of Accenture, its ecosystem partners, and its clients, the statement said.
As global demand for water continues to rise across agriculture, industrial and municipal processes and applications, over $80 billion is spent on water testing and compliance annually around the world. That number is expected to increase sixfold to a staggering $475 billion by 2030 as current methods of measuring water quality remain costly, laborious, and often inefficient, according to the statement.
“Water is a mission-critical issue that can create environmental crises if its value is undermined, but if managed intelligently and efficiently, it can also aid in solving for these crises and predicting others before they even occur,” said Tom Lounibos, managing director, Accenture Ventures. “For businesses to ensure they are using this scarce resource effectively, they need to be able to measure and monitor water quality instantaneously. Companies like KETOS can help manage the flow of data for our clients and partners as they continue to seek better measurement tools and capabilities to deliver on the promise of sustainability.”
KETOS founder and CEO Meena Sankaran added, “The quest for clean water is no longer a pipe dream. Stakeholders can use KETOS to easily access water quality data in real-time and turn it into insights-driven decisions that can positively impact efficiency, operations, yield, compliance, treatment and much more. By working with Accenture, we can increase our operations to drive safe and sustainable water production globally.”
“Public and private sectors benefit from real-time water quality monitoring as a critical component of the world’s water stewardship,” said Jennifer Helle, lead for North America Chemicals and Natural Resources at Accenture. “KETOS’ as-a-service water monitoring capability using real-time analysis can help industrial organizations reduce the cycle time of their water testing and drive a faster path to our collective sustainability goals.”
Peter Lacy, Accenture’s global Sustainability Services lead and chief responsibility officer, added: “Our investment in KETOS reflects Accenture’s commitment to embedding sustainability in everything we do to drive value, impact and competitiveness. Water, biodiversity and sustainable agriculture are critical issues, and we look forward to working with KETOS to apply their capabilities in areas such as supply chain and digital manufacturing, while also identifying potential new partnerships with other organizations focused on water quality.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.