Technical cheatsheeting for water markets

ML  

A megaliter of water often mentioned in conversations as 'megs'. An ML represents 1.000.000 litres and is the common standard for selling water licences and tracking water use.

IIO

An Irrigation Infrastructure Operator (IIO) is an entity responsible for managing and operating the infrastructure used for irrigation systems, such as canals, pipelines, pumps, and storage facilities providign the distribution of water to agricultural users.

IoT

IoT (Internet of Things) refers to the network of physical devices, vehicles, appliances, and other objects embedded with sensors, software, and other technologies that enable them to collect, exchange, and process data over the internet. 

Cloud

In computing, the cloud refers to a network of remote servers that store, manage, and process data over the internet, rather than on local servers or personal computers. AWS, Azure, and Google Cloud are the dominant providers of cloud computing.

SDLMs

Sustainable Diversion Limit Mechanisms (SDLMs) are frameworks to regulate the amount of water that can be extracted from a water system, ensuring that water usage remains within limits to avoid over-extraction in local regions.