How to Save OPEX Through Real Time Energy Data

25 Nov 2020

Building owners face challenges in managing the energy consumption within their building. This phenomenon is only such since business owners cannot visualize the building data, thus, leading them to be unable to measure the overall building performance. 

According to the World Economic Forum Agenda, the average building still wastes up to 50% of the energy it consumes. As a result, hundreds of organizations collect operational data that end up going to waste as it will sit in a server without being put to good use. 

One main reason for this phenomenon is the very operational data itself; can it be converted into business intelligence? Business owners are able to generate business intelligence from monitored energy data in real time which enables them to understand their energy usage and overall building performance. Not only will the business owners be able to conduct performance benchmarking but better business decision-making.

As the system generates and performs data collection, it does not lead to the most suitable management practices.  fine management. In order to convert your building energy data into energy savings and save on your operational costs, here are key items for business owners to take into account:

Aligning Incentives and Priorities

While you are keen to achieve power savings, but you cannot do it alone as you are likely relying on experience and action for several parties across many sites to achieve the desired optimized energy outcome. However, this is not the case as the people relay often on seeing your energy savings target as a much lower priority item then you would hope.

With detail and clear real time energy data, you can start to verify these claims. Real time energy data enables you to utilize reliable records, graphs and analytics to identify spots where you suspect enhancements can be made.

Optimizing Operations

Organizations and their building operate according to process and producers. This would reduce reliance on constant business decisions. These processes are constantly adjusted to optimize output and decrease costs.

Though in practice, this can be hard due to incorrect, imprecise, or unavailable data, without the correct data, sub-optimal or even harmful procedure that can persist for years.

With detailed real time energy data and the tools to analyze it, you can examine the real impact of your building energy management procedure. This allows you as the business owner to make intelligent decisions about how to optimize those procedures.

Power Your Business With Clean Energy