Category Archives: Shared Economy

Investing in Data Management Application? Have you considered these 3 points?

Greetings!

Over the last few months we have seen organisations investing or deciding to invest in suite of web and mobile applications to manage data and automate part of reporting process when it comes for scaled #EnergyEfficiency or #CleanerProduction focused programmes.  3 things that one must consider before deciding in selecting the right vendor:

1. Thought Leadership

Use of #AI or simply put series of logics to automate certain processes is evolving, there is a lot of noise when it comes to people talking about it. One must decide to work with partners that have worked on similar applications before and have had the habit of innovating in the domain.

2. It’s not about IT

Developing an application or designing a form is not the important part. What the system does and how it helps is important? Some of the potential benefits that must come from such a system is reduced project management costs, standardisation etc? So if your vendor has not delivered it before there are chances that it they might fall short again.

3. Business Model Innovation

Such applications have to evolve every day so that they can last for 4-5 years, hence it is important to consider innovative business models before embarking on the “product” development. Vendor with core interest in such applications is best suited as against to a conventional “Developer”

EnergyTech Ventures is an emerging company that has the largest portfolio in the #DataHub Space with it’s application in the #EnergyEfficiency and #CleanerProduction programmes being used by 100+ factories in 6+ countries. We have helped organisations reduce the operation costs by around 30% when it comes to data crunching, validation and reporting.

To know more about our work please visit us at www.entechventures.com 

Shared Economy in #EnergyEfficiency Markets #DataHubs #OpenUp

Energy markets are transitioning fast; Energy Efficiency/Productivity is set to play much bigger role in the transitioning process. Energy Efficiency policies must reflect the new market sentiments and provide long term direction, which in most cases is found missing.

Different think tanks, development agencies and governments have sponsored/funded numerous studies and reports barriers to scaling Energy Efficiency and potential ways to overcome those barriers. The kind of data that has been collected over the areas has not been utilized adequately and is not digitally available.

Establishing central repositories and digitizing such data assets can help create better economic and social value out of data assets, information and insights that can be generated collectively could foster business model innovation, develop tools/applications to simplify energy efficiency, rationalize the cost of energy audits, encourage new age Entrepreneurs to leverage technology and #BigData to solve complex problems.

We have seen the impact of Shared economy in sectors like transportation, hospitality and media. It’s time that Energy Efficiency markets take a clue; open-up to create more value for every stakeholder.

Yours Sincerely,

Umesh Bhutoria