Digital transformation is making a significant impact on multiple industries. The energy sector is no exception. It is purely driven by a combination of technologies, collection and use of data, speed, and digital competencies. Now, “smart solutions” are placed at the center of new business models. On the other hand, data is seen as an increasingly valuable asset.

In a world where people are struggling with inefficient, expensive, and often-polluting energy systems, advanced energy analytics has become more crucial than ever. After all, it addresses many pressing energy sector challenges that most industries face today. This advanced technology offers great potential to enhance energy efficiency policies by providing better information and much clearer insights into distributed energy resources. What’s the result? Facilities will be able to improve the safety, productivity, accessibility, and sustainability of their energy systems.

 

Strengthening the energy efficiency with energy data analytics

Facility managers need to be at the front to ensure optimized operations in the building. Their one negligence can disrupt the entire functioning. Energy analytics save the users from these kinds of risks as it gives a much deeper insight across all dimensions of the building, so they can treat the issue as it actually is.

By assisting energy suppliers to analyze, supervise, and optimize energy-related KPIs that include production costs, consumption, production distribution, and many others, energy data analytics takes the building access, efficiency, and development to the most efficient level. Not just this, it gives the real-time response to market fluctuations, it offers a comprehensive and responsive overview of the utility sector. Here’s understand how:

● Track environmental milestones at every step
● Improve business decisions according to energy market forecasts
● Minimize the chances of equipment downtime
● Improve worker safety and productivity
● Systematically predict electricity changes in marketplace demand
● Balance resources and asset integrity without making any compromise on cost

When facilities are able to ensure these facets every day, they’ll surely notice a significant improvement in energy efficiency in the coming times.

 

Why does energy data analytics make so much sense today?

The energy industry has a lot of different sectors, units, and processes. When it comes to data collection or selecting the right energy KPI, it becomes a bit more complicated. Energy data analytics works as a valuable tool for facilities that helps them manage the power load and ensure low-cost power availability. By streamlining data, it enables facility managers to bookmark the demand and supply energy trends. In case there is any growing need for renewable energies and accountability in the building – energy data analytics can provide. Want to know how? Let’s understand:

1. Energy access: By supporting energy efforts to broaden electricity access and ensuring economic and operational sustainability, data analytics gives an unprecedented level of access to energy.

2. Energy efficiency: Advanced data analytics facilitate a new outcome-based paradigm that could help facilities to unlock their full potential. It identifies efficiency opportunity, predicts likely energy savings, and test technical and behavioral interventions to know relative cost-effectiveness at facilities.

3. Renewable energy: Integrating renewable energy in the grid proves to be a technically and financially feasible solution for the facilities. After all, it demands distributed energy storage and renewable generation.

In this way, energy analytics will be beneficial to a lot of industries (manufacturing, cement and steel, or food processing) that aim to reduce costs and energy waste. In short, it’s a perfect solution to increasing energy demand, the need for real-time insights into energy flows, and the diversification of energy resources.

 

Impact of energy data analytics

People are becoming dependent on connected devices. According to a recent study, around 54% of households have access to the Internet at home. Whether it’s a home appliance or a car, it’s connected to communication networks – the Internet of Things (IoT). It gives rise to smart electricity grids. That’s why energy data analytics comes to use these days. It gathers valuable insights that impact the way companies manage, organize or use energy. As a result, facility managers get greater clarity on their operations, All thanks to improved predictive maintenance and an accurate view of the equipment’s health.

Today, most buildings today want to ensure optimized operations. By predicting an event accurately, minimizing the risk of repairs, or eliminating equipment downtime, energy data analytics proves to be highly valuable for facilities. It can pull together the various data sources, analyze them and visualize them for easy dissemination. Do you know what’s even more interesting? It stores all the data in a cloud-based environment that makes it easy for the managers to access data and report on the findings in a much easier and faster way.

Facility managers can acquire high-level metrics and operational reports in real-time data. It allows them to make proactive and informed decisions for optimized energy consumption. With direct and hassle-free access to energy data, facilities can foster a data-driven culture within their organization, increase energy efficiency at every level, save a lot of time in improving their operations and costs, and focus on core activities.

There will be no need to sort out the bulk of energy data when facilities have energy data analytics in place. The motive of improving energy efficiency and reducing maintenance costs becomes possible with this smart technology. What’s the best part? Industries are slowly inclining towards IoT technology for improved building access and connectivity.

 

Are you ready to leverage energy data analytics?

Many facilities are coming forward to leverage the advanced IoT technology that helps them build a smart building. You must want to ensure the same. Right? Well, it’s time that you should start using energy data analytics in your facility. Don’t know how to get started? Don’t worry! Connect with Zenatix and implement this advanced technology in a much simple, convenient, and hassle-free way.

Give rise to a more structured environment, improved system flexibility, and perform cross-database analyses with our technologically advanced IoT solutions. Reach out to us today to make your building smarter, efficient, and well-managed!