In response to growing water scarcity and global water demand, there has been an increased focus on the development of innovative, efficient cooling technologies for data centers. One example is StatePoint Liquid Cooling (SPLC) which can reduce data center water usage by more than 20 percent in hot & humid climates and up to 90 percent in cooler climates, achieved through a liquid-to-air heat exchanger which cools the water as it evaporates through a membrane separation layer. In this session, we will discuss this technology and other innovation in cooling designs such as water-on-the-chip, as well as the impact proper water management has on data center asset life cycle costs, water & energy use efficiency and operational health risks.