Tag Archives: IIoT

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

Data Discovery- Why aren’t more businesses doing it? #EnergyProductivity #EnergyEfficiency

Greetings!

Over last two months we have been engaged by two big companies from Textile and Automobile sector to dig deep into their data assets (Energy, Production, Process) and conduct a detailed data discovery process.  Background being that both the organisations wanted to find out ways in which data could support their decision of improving #EnergyProductivity.

Though they were not completely aware about the sort of insights/ benefits the data discovery process could bring to them but they still wanted to do it with an open mind and without any possible constraints.

Because of the way in which #DataAnalytics has been sold to companies, their ability to look at the use cases is getting restricted to what’s being sold to them. Forward looking organisations are wanting to do more, develop their share of process driven IPs that could give them competitive advantage and be able to innovate on use cases. It is this approach that is letting some of these companies get the right strategy in place, implement solutions that fit their requirements and more importantly generate much more economic value out of their data assets than they would have been able to do otherwise.

I am afraid that we do not have enough businesses/companies investing in the #Data discovery process. Last year i had release series of Podcasts on use of Data Analytics in driving Energy Productivity improvement and better Energy Management practices in Industries. One of the important areas i touched upon was the link between Change Management and adoption of data driven processes in assessing, reporting and managing energy performance!

Once businesses are able to overcome legacy issues, challenge their conventional approach they would be in a position to embrace #Data and make the best of use of emerging technologies/techniques.

What is your take on it? Would love to hear on your experience.

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

Cloud Platforms- End of the road for Startups or time to reinvent?

Greetings from Kuala Lumpur! 

While exploring Agro processing industries, and looking for Vegetarian food I’ve managed take sometime out for my next podcast. It’s going to be short one but perhaps quite relevant!

Recently we have seen a flurry of announcements from large corporations on release of scale-able cloud platforms around which IoT based solutions can be driven. 

This podcast covers my views on how startups can best respond to this and perhaps take advantage to add more value!

What’s your take?
Regards, 

Umesh Bhutoria