Tag Archives: Big Data

3 Super Key Takeaways (for Indian Utilities) from #EUW17

Greetings!

Back from an awesome trip to Amsterdam, i attended my first ever European Utility Week and it was truly an amazing and enriching experience. EnergyTech Ventures was one of the 50 startups present at the Initiate Hub!

As entrepreneurs we often tend to work in silos, event’s like these help us validate assumptions, seek different perspectives (often the ones that are kind of not what we would have ever got earlier) and also understand how different markets behave/operate.

Moving on from personal learning to focusing on India specific takeaways! India is an emerging economy with Utility market place that has been conventional and is now entering a phase wherein things would start to change ( as slow as it might get). With advent of Distributed Energy Resources,  higher penetration of Renewable Energy and Energy Efficiency technologies, the conventional utility business model is up for some challenges ( Decline in revenues, number of customers etc)

In this blog i look at (according to me) key takeaways (perspectives, not essentially items covered at #EUW17) especially in the context of Indian Power Utility space.

  • Services is the way forward, experiment with Startups and engage with customers

Utilities have to diversify and look at selling more than “electricity”. While this message is not something new, the action items below would perhaps be something to think about.

We do need regulatory provisions for utilities to do more, but with engagements with startups they can start to experiment with startups and engage with customers, learn about what’s going to work and what’s not going to work. This might just help them stay ahead of the peer group and be able to position their strategy correctly.

  • Industrial customers need more love (attention)

Any disruption in the demand side is first going to happen (perhaps only) in the “Retail/Residential” consumer segment. Makes it imperative for Indian utilities who have industrial customers to really put on the thinking cap and start to do more with these customers.

Industrial consumers (when happy and serviced properly) and make for perfect hedging strategy. Most of the utilities that have industrial consumers (in India) are “state owned utilities”, does that really say something?

  • Embrace Technology

I was literally amazed by the kind of work that is happening in leveraging technology in the normal work procedures of “Utilities” from using drones to Augmented Reality to Block chain based solutions (DER).

In India we have often brushed aside conversations on these technologies saying that a) It will take ages to come to India b) These are not relevant for Indian markets etc. We just need to embrace these and new technologies find a way to bring them into use, look at solving conventional problems with an unconventional take.

Your take?

Best Regards,

Umesh Bhutoria

Micro Services in #IoT #EnergyAnalytics

Greetings of the day!

A year back i saw a video of Steve Singh, he was talking on the context of "micro-services" and how large technology companies want to leverage that to have more customers and more importantly more revenue/customer.

That's when we started to work on our Energy Efficiency Micro-Services Hub (releasing on 8th September, 2017 on the sidelines of #EDASummit17). We open up our existing IPs (via APIs) as we continue to focus on developing more such IPs.

Interestingly our first #B2B engagement based​ (Cement Sector) on #API pricing has got a green signal. Our efforts of enabling more value creation in the #IoT ecosystem gets a boost and encourages us to continue to take our top of the value chain approach.

I look forward to seeing you at #EDASummit17 and having an engaging discussion. Visit www.haveyouAIRed.com for more details/registration.

Best Regards,

Umesh Bhutoria

Section 134 of Company act 2013- Lost Opportunity to drive engagement with stakeholders? #EnergyEfficiency #EnergyManagement

As per the rule 8(3) the Companies (Accounts) Rules 2014 the Board report shall contain Disclosure of Energy conservation activities that happens in the financial year. Disclosure should include steps taken to conserve energy, utilization of alternative sources and capital investment on energy conservation projects.

In last week I went through many annual reports to understand kind of projects or initiatives leading conglomerates are taking in the Energy Efficiency landscape. Reviewed annual reports from over 10 large and around 15 midsize companies from diverse industrial sectors, to understand and analyze their thought process on Energy Efficiency or Energy Productivity in general.

Surprisingly most of the Energy Efficiency initiatives listed in the annual reports were to common projects like Installation of VFDs, replacement of CFL with LED lights, Power factor correction, and low-cost retrofit projects. They certainly meet the objective of complying with the regulatory requirements and reporting the bare minimum information as is required by the system.

With forward looking organizations taking scientific targets on Energy Productivity improvement, investors and stakeholders want to know more about how your company is poised to respond to challenges of tomorrow.

Some of things that companies can cover are:-

  • Efforts being taken to utilize data assets?
  • How is company planning to innovate on operational practices?
  • What is the plan to use emerging technologies such as #IIoT, #BigData and #Cloud?

I genuinely think that annual report is a very effective way of communicating with stakeholders, reaffirming the company’s approach towards increased Energy Productivity and overall sustainability, otherwise it’s pretty much a lost opportunity.

Regards,

Sumit Nawathe

Kill the way you operate/do business now, so that you can lead tomorrow!

Energy Efficiency markets have seen some renewed sense of urgency over the last couple of years. But there is one shift that has had the highest amount of impact and that is the transition or the intent of economies to double Energy Productivity over the next 10-15 years.

Looking at Energy Productivity widens the role that emerging technologies like #IIoT, #BigData and #Analytics would play and that is where preparedness or the lack of it would also come in to play, especially when it comes to Industries/conventional businesses.

For conventional businesses/industries to take up the task of doubling energy productivity would mean attempting to slowly kill the way they operate/do business now, it is like trying to unlearn/ undo most of things you have done in the past, question everything and find answers/solutions that would take them to the goal of doubling energy productivity!

It is difficult but not impossible. We will see organisations that make the most out of their data assets, develop IPs around their businesses are going to be more likely to leapfrog in this transition process. Ones that do not catch up will not just be left behind, but eventually have to kill their business/operational model anyways. Decision to kill it now; thereby giving you a chance to survive/lead is purely yours.

Trust me i never ever doubted that #EnergyEfficiency would be so critical for businesses/economies. Your thoughts?

Yours Efficiently,

Umesh Bhutoria