Is #Data, Debt for your organisation? #EnergyAnalytics #EnergyProductivity

Couple of days back I recored my latest Podcast, which kind of touched upon the idea of having  definite #EnergyDataAnalytics (Data Analytics in general too) strategy which can lead to transformational change in the way an organisations wants to improve #EnergyProductivity.

This post is really about  questioning (reasoning) the current myths/practices that most organisations have in relation to their data strategy (Being from Energy Productivity space, ill focus around it)

  1. Been there, done that- Most organisations and Energy Managers in particular would certainly like to reason that they are doing enough with their data assets but thats not entirely true. Having an Energy Monitoring System (EMS) or an Energy Management Systems (EnMS) is one thing and having a definite #Energy data strategy is another thing.

    To be fair the ones who have the most successful or even evolving strategy, are the ones who would have tagged it along the overall digital transformation goals of the organisation.

  2. Can see it on my dashboard– Well the world has move much beyond dashboards, it’s time to move from real time data to onetime insights and call to actions. Significant amount of productive time (money as well) is lost in trying to interpret data points.

    Have an integrated system using #AI (algorithms for specific use case to mine data and generate specific insights) that enables your teams (energy managers, production managers) to collaborate better on insights and call to actions.

  3. Need investments to get started– If an organisation is really at the bottom of pyramid when it comes to the data landscape, its absolutely certain that investments would be required to get started with data acquisition etc.

    Idea is to maximise to whatever extent possible, overall value creation one could do from existing data assets. Being able to demonstrate a couple of PoCs (Proof of Concepts) or being able to solve even a few problem statements (getting close as well), can go a long way in influencing management to take decisions on #EDA strategy investments.

Your thoughts?

Best Regards,

Umesh Bhutoria.

 

 

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