WRON will provide the technical framework and standards required to support water information management.

"By taking part in the development of international standards we are ensuring that the world's big software companies are recognizing and responding to Australia's needs in their next generation of products," he said.

WRON aims to reduce water management costs by 20 percent per annum.

By linking Australia's water data and harnessing information from satellites and on-ground sensor networks, WRON technologies will make it easier to monitor, forecast and manage water demand, supply, quality and use patterns in any part of the country.

This will ensure reliable forecasts on the status of Australia's water resources.