Published on February 25, 2014
Go Beyond the Spreadsheet: A Lunch & Learn on Data & Analytics for the Water Technology Sector Jon Grant WaterTAP
WaterTAP’s Mandate CONNECTING commercial-ready Ontario companies with the resources they need to successfully commercialize their water technologies CELEBRATING AND SHARING the successes of Ontario water utilities and companies that are finding innovative and sustainable solutions ADVOCATING with provincial and municipal governments to foster innovation-friendly water management policies INTRODUCING water entrepreneurs, businesses, and investors worldwide to the Ontario water community.
Why Data? • • • • Gain better understanding of markets Predict the future with more certainty Get information faster Describe correlation versus causality
Example: New Product Forecasting
New Product Forecasting in the 80s • Basic Multiple Regression Analysis • Counting the number of products shipped
New Product Forecasting in the 90s • Advanced Multiple Regression Analysis • Counting where products are purchased
New Product Forecasting in the early 00s • Advanced Multiple Regression Analysis • Knowing who is purchasing products
New Product Forecasting late 00s and beyond … • Agent Based Modeling has changed the game • Simulations can shed light on multiple scenarios in the fictional universe.
Data in the water sector • As a utility • • Optimize your plant Predict problems and solve them before they are an issue • As a company • • Understand market trends or find new markets Generate information • As a regulator • • Understand global best practices Use existing data to find correlations that may not be apparent
Enjoy the workshop! Jon Grant MSc LLM Jon.email@example.com @watertapontario #Ontariowater
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