5 ways to navigate the AMP8 challenge with success
As the sun sets on AMP7, the water industry stands at the threshold of a transformative era: Asset Management Period 8 (AMP8). Scheduled to begin in April 2025, AMP8 represents more than just another regulatory cycle – it’s a crucial moment for all water companies across the UK.
The AMP8 challenge
As the last cycle before the industry’s Net Zero goal in 2030, AMP8 poses significant challenges. As a water utility, you will have to manage unprecedented workloads while striving for operational excellence and compensating for investment costs. In particular, you will need to cut leakage to stay on track for the 50% reduction target by 2050 (compared to 2017/18 levels), reduce energy costs significantly, and streamline operations. The need for innovation is greater than ever, especially considering the constantly evolving customer demands and the low levels of trust in water companies due to media coverage about sewer discharges and similar issues.
Leveraging smart technology to address the challenge
In the face of these significant challenges, it’s clear that as a water utility, you need to invest in smart technology for increased efficiency and automation. Below are five ways in which leveraging technology with advanced data analytics and AI can help you tackle the AMP8 challenges:
How we can support you in this journey
With its open architecture, UMAX allows you to integrate data and functionality from other applications easily. All data in UMAX is available for external consumption and is natively integrated with our market-leading Opinum Data Hub. This cloud-based data analytics and visualisation platform for utilities provides advanced analytics and AI-driven insights. It can be used to visualise smart meter data from a multitude of sources including smart water meters, SCADA systems and IoT, giving actionable insights and the ability to proactively detect, for example, water leaks, or for demand prediction.
By partnering with Itineris, you can navigate the complexities of AMP8 with increased confidence.
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