Category Archives: Supply Chain Management

Discussions, Deliberations and Engagement at India’s First Energy Data Analytics Summit

The Energy Data Analytics Summit 2017 hosted by EnergyTech Ventures at The Claridges, New Delhi, on 8th September 2017 was a grand success. The event saw around 90+ delegates and 15 speakers from reputed organisations take part and have engaging discussions on the Future of Energy Data Analytics in today’s emerging economies.

There were high ranking officials from Businesses like – Coca-Cola, Aditya Birla Group, Welspun, United Phosphorus Limited, Vardhaman; from IoT/IIoT companies like – Bosch, Zenatix, Loudcell; from Development Agencies like – SIDBI, World Bank, IFC, GiZ, Shakti Foundation and from Think Tanks like – TERI, WRI; and NGOs like – Carbon Disclosure Project and The Climate Group; present at the Summit as delegates as well as speakers. TERI, The Climate Group and Inc42 were Supporting Partners to the Summit.

Opening & Key Note Address

Mr. Abhishek Rungta, (Founder & Advisor at EnergyTech Ventures) welcomed the delegates and was followed by the Keynote Address from Mr. Umesh Bhutoria (Founder & CEO at EnergyTech Ventures) who set the tone for the day by speaking about the ‘Why and How of Energy Data Analytics’. He touched upon the importance of Energy Data Analytics in today’s Industrial age and why there is immense potential in the field of IIoT.

Numerous future possibilities like better Resource Productivity, Open markets in terms of data sharing/ value creation, better Governance in framing enabling policies were addressed by him along with some immediate challenges like the need for a single platform, need for collaboration among the various members of the entire IIoT ecosystem.

There were 3 Thematic Sessions and a Fire-Side Chat Session which saw lively discussions from the participants and the audience.

During the first thematic session, the topic addressed was – What would inspire Businesses to invest in an Energy Data Analytics Strategy.

Mr. Jarnail Singh (India-Head, The Climate Group) touched upon the fact the Businesses need to prepare for Climate Change and not treat Climate Change as a Business. He also said that more and more companies are demanding tools that could allow them to understand their data better and hence take decisions towards Energy Productivity improvement targets.

Mr. Nandakumar Sankar (Head-Sales, Energy Solutions and Analytics, Bosch) talked about Industry 4.0 and what kind ROI can Data Analytics bring about for organisation. He also said that they came across a lot of organisations that have either no data or very low data and he feels that can be changed once there is a better understanding of how data can be used and we see an evolution of the use cases.

The second thematic session talked about – How can Data and Technology be leveraged to scale Supply Chain Programmes and reach out to more SMEs.

Mr. Shubhashis Dey (Program Manager, Energy Efficiency, Shakti Foundation) mentioned that Manufacturing SMEs have a multiplier effect on Energy Efficiency Programs if proven to work positively.

This was concurred by Mr. Deepak Krishnan (Manager, Energy program, World Resources Institute) and he added that the trust factor is also very important for SMEs as they need to truly believe that their Data cannot be used by anyone else for their benefit.

Mr. Rajiv Kumar (CEO, ISTSL) also agreed with these views and explained how Data Digitization is helping bringing about easy sharing of this data in a trusted manner. MSMEs can are now being able to adopt and implement Energy Conservation Measures in an easier manner due to various initiatives taken up by various Organizations.

The third session was taken via video call by Mr. Steven Fawkes (Founder of EnergyPro, London). He spoke about – Business Model Innovation in context of Industrial Energy Efficiency and Energy Productivity. One of the most significant message from his presentation was

“There is no market for Energy Efficiency, there is only market for Stuffs and Services”. This is where data and technology play a role in making the conventional markets work in an unconventional way.

EnergyTech Ventures also then announced the launch of the Energy Efficiency Mirco-Services Hub at the end of these 3 sessions. Boost EE is a hub of sector specific Algorithms/APIs that allows Technology players /IoT Platforms to leverage sector specific algorithms, enhance offerings and thus create more value for all Stakeholders.

Currently 20 APIs from across 4 sectors and 6 categories have been hosted on the Hub, EnergyTech Ventures aspires to take the API count to 100 by the end of 2018. 

The final session for the day was the Fire Side Chat which was panelled by Mr. Girsh Sethi (Senior Director, TERI), Dr. Satish Kumar (Ex-Executive Chairperson, AEEE), Mr. Damandeep Singh (Director, CDP-India), Mr. Prabir Niyogi (Chief Executive, RP-Sanjiv Goenka Group), Dr. G C Datta Roy (Founder & CEO, DESL), and Ms. Vandana Gombar (Editor, Bloomberg New Energy Finance).

Mr. Singh spoke about the importance of disclosure when it comes to Energy Efficiency and Clean Energy as large funds companies to document, estimate and make public any environmental risks. Around 6000 companies and 600 cities have disclosed to CDP and how this Data is used for the betterment of the economy as a whole.

Dr. Roy, with over 50 years of experience in the field of Energy spoke about need to take orbital approach in mainstreaming Energy Efficiency as against to the incremental approach being taken currently.

Dr. Kumar postulated that Data is required from the consumption side as well as the production side and Data cannot work in isolation. According to him, Data brings Accountability, Responsibility and finally Action.

Mr. Neogi spoke from the Utility point-of-view and agreed that the economics are changing and utilities have to adapt to the same. The emergence of renewable energy is bringing about a shift in how Utilities conduct their business and what has to be done to keep abreast of the same.

Ms. Gombar from Bloomberg New Energy Finance presented some interesting statistics on how for some development banks spend on Energy Efficiency had surpassed spend on Clean/Renewable Energy.

The end of this session was followed by the final announcement of the next Energy Data Analytics Summit in September 2018 in Jaipur, it’s going to be a 2 day event and we are hoping to have some International flavour to it as well!

Also announced conducting Sector Specific Workshops on Energy Data Analytics under our “AIR Series” Workshops.

For more details one can visit https://haveyouaired.com/ .

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