25th October 2012 | Posted by: Daniel Birkett | Industry News

According to Oracle, a business software company, smart water metering could be a huge market - as utilities try to fight against the loss of billions of litres of water through undetected leaks, Business Green has reported. Water companies have been under growing pressure to reduce the 3.2 billion litres of water leaking from the UK network on a daily basis. Oracle is set to publish a report next week that will look at how companies are prepared to meet supply demands through to 2030. The government has not yet announced a rollout of smart water meters (like they have done with smart energy meters) - but Ofwat (the water regulator) has reportedly had talks with the government and water companies regarding deployment of the technology by 2020. Speaking to Business Green, Linda Jackman, vice president of Industry Strategy at Oracle, said: "If all the UK utilities start to move and adopt the technology, then we see it as a huge opportunity".