WATERNOMICS is a three years EU funded research project and responded to the call FP7-ICT-2013-11. The partners variously specialize in ICT & Automation systems development, sensors development, business model development, water system design, open source based platform, energy and sustainable management, exploitation and dissemination activities. WATERNOMICS will provide actionable information on water consumption/availability to individual households, companies and cities in an intuitive & effective manner at relevant time-scales for decision-making. Key project objectives include: to introduce demand response and accountability principles in the water sector, to engage consumers in new interactive and personalized ways increasing their water efficiency and leads to changes in water behaviors; to provide decision makers with the actionable information they need to get started in the implementation of a water management program. WATERNOMICS will develop a standards based methodology to implement a Water Management System (WMS) as a personalized and customizable solution for stakeholders.