“Water is the most fundamental resource in the world,” says Yoskovitz. “Grundfos and Augury are partnering to apply some of the world’s most exciting new technologies to one of mankind’s oldest and increasingly urgent challenges – moving, managing and treating water for people and industry.”
“It will take time to educate the global network on how this partnership will enable new business models related to water-as-a-service.”
By Peter Fretty for Industry Week
photo: Mrjn Photography
Pump and water technology company, Grundfos, and data analytics company and digital machine health solution provider, Augury, are taking a major step toward digitizing water and utility infrastructure worldwide by signing a long-term strategic partnership. Together, they will develop smart diagnostics solutions and services for Grundfos’ customers.
Most of us take access to good quality water for granted. It’s easy to take the systems that extract, move and manage it for granted too, explains Saar Yoskovitz, CEO of Augury. “But the health of those systems has a direct impact on the availability and health of the water we all use. By bringing digital machine health to the water lifecycle we’ll be able to elevate the availability and performance of those underlying systems to new levels, reducing downtime, waste and the health and economic risks that can happen when this fundamental resource is not available,” he says.
“We’ll do this by integrating Augury’s sensing, analytics, and workflow solutions into Grundfos’ applications knowledge and pumping solutions,” says Yoskovitz. “We’ll also apply our combined expertise in digital transformation to help customers not only improve the tools they use, but change the way they work, to get the maximum value from these capabilities.”
The two companies have already been working together successfully over the past two years to test new products and service offerings across several markets and industries. Now, they are committing to the next step, offering a range of services and new business models enabled by connected equipment.
“By adding an AI-driven intelligence layer on top of existing assets, we can automatically collect mechanical and operational data, providing actionable machine health insights and diagnostics to our customers and service organization,” says Grundfos Group VP, Global Service & Solutions Tommy Due Høy.
