APX10 is a Danish startup company with a team of dedicated data scientists, data engineers and utility specialists who are passionate about bringing positive change to utilities. We gather relevant data related to infrastructure and networks and put it through our analysing and data-crunching algorithm and visualize it for our clients. This results in data and fact-driven decisions, with vital efficiency improvements in utility network economy in the range of 10-15%. This allows for utilities to improve their reinvestment decisions.
The solution, data|APX®, is a cloud based SaaS big data platform build on domain expertise from water utilities. We integrate AI, machine learning and utility network effect for predictive analyses and risk overview. With data|APX®, the utility customer gets a strong data-driven tool for supporting decision making in reinvestment of their assets. Utilities can now assess condition and predict potential failures, while at the same time evaluating the asset specific risk. This is possible through strong network effects and machine learning.
More than 1/3 of the water network (+2,5 million km of pipe) in the western world is from 60s and 70s due to the property boom during this time. The life expectancy of the assets (50-75 years) mean that a lot of utilities across the globe is facing a steep increase in reinvestment need over the coming years, while being faced with demands of increased efficiency.
Digitalization in general of the utility sector presents several challenges, but also comes with great improvement opportunities. Research by McKinsey show that digital optimization can boost profitability by 20-30%, ultimately benefitting the consumers with higher accessibility to clean water at a lower cost.
What sector is the business involved in:
List of countries the product is present outside the base country
Stage of the solution
Sales, Finance/funding, Partnerships with Public Entities, Partnerships with Corporates