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.
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.
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?
Electric motors/motor driven systems consume 50-60% of Industrial electricity consumption and most industries generate huge data related to motor performance and maintenance, with Engineering/Maintenance department taking measurements of basic parameters etc.
Question is is your organization converting that data to insights that has potential to:-
- Guide on possible energy efficiency interventions?
- Advise on predictive maintenance of motors, avoid productivity losses?
E-Cube Energy has launched www.motor-tool.com that allows you to maintain all data pertaining to motor performance and maintenance on a #SaaS based cloud platform, accessible from anywhere.
Platform is simple but powerful in a way that it has the potential to disrupt the way industries look at managing all the unorganized data (related to motor performance/maintenance). Essentially allowing industries to organize data, store it centrally and analyse on the plattform to have insights that otherwise was not available!
We are providing free accounts to industries for configuration of 10 motors (For 3 Months Usage). To sign up for your Free account visit www.motor-tool.com