Over obsession with “Savings” starts to cost organisations dearly, anything that does not straight away give X% savings isn’t looked at with interest, potentially ignoring the fundamental value addition it brings in sustaining #EnergyEfficiency or #EnergyProductivity improvement.
Without doubt Savings either in the form energy consumption or cost reduction or a combination, is something that drives decision making process when it comes #EnergyEffciency investments.
To be frank we cannot blame industries entirely for it, i mean that is the way most of products, solutions around #EnergyEfficiency have been sold to them. People have spoken about #ROI, #Payback etc, seldom people talk about aspects like Performance Management, Automated M&V, Automated Reporting & Scientific Budgeting, aspects that have greater impact on organisational and cultural change when it comes to #EnergyEfficiency #EnergyProductivity management.
Some of the forward looking organisations have realized that having a myopic view on ways to improve #EnergyEfficiency #EnergyProductivity will cost them dearly in the longer run. They are looking at driving changes that have a long term vision and an integrated strategy, they are not looking at executing things in isolation. That is going to be the differentiator.
We are seeing some amazing momentum in the Energy Analytics markets in India. Quite a lot of companies have been focusing on technology and building platforms, whereas we’ve taken a conscious approach to focus on developing IPs/Algorithms that can work on existing solutions and provide value addition to clients!
As we move to explore sectors like Commercial Buildings and add 2-3 industrial sectors in our list, we believe we are in the right place at the right time and perhaps doing the right things, would you agree?
Click on the LINK to listen to the final podcast, where I share my thoughts on future of energy analytics markets and our approach going forward.
Would be glad to have your feedback/comments/suggestions.
Last week #TERI hosted #WSDS. It’s twitter timeline was full of amazing thoughts/ideas on what next when it comes to tackling climate change, specifically in Indian context!
Considering that we’ve been actively involved in the Industrial sector, we wanted to sum up some of our thoughts on how Paris Agreement changes Industries thought process on Energy Management and how will Energy Analytics companies react to it?
Check out this video to know about the trends and changes that the markets would see in times to come.
What are your thoughts?
For all of us who have been wanting to see an inclusive energy strategy backed by Data, Niti Aayog’s focus on Energy Data Management & decision to set up of an Energy Data Agency comes as a pleasant surprise.
What impact will National Energy Data Agency have on Industrial Energy Efficiency? Will this also lead to setting up a Central Energy Efficiency Data Repository?
In this short video i talk about my take on these questions!
Would be glad to have your thoughts/feedback on the same!