Regulatory Compliance & Reporting
Have You Put Energy into Your New Year Resolutions?
Welcome to 2020!
To all of our many friends and clients, I wish you the very best for the coming year.
Have you resolved to control your energy costs this year? It is still not too late for new year resolutions!
Energy will define 2020 and the new decade ahead. The future will belong to those that master the use of energy to reduce their costs, and carbon emissions.
One of our customers informs us that controlling their energy use in 2019 was equivalent to adding over $10 Million in sales revenue. Seemingly small actions on energy can have big impacts on the bottom line. Your action on energy will help your organization thrive in the years ahead.
There are 5 reasons why you will want to make energy management a priority in 2020.
This article originally appeared in the November 2019 edition of Engineering Progress Magazine, the flagship publication of the American Institute of Chemical Engineers.
By David Arkell
“Big Data” is receiving a lot of attention. And for good reason. Nearly every process, transaction or interaction can now be digitized. Computing power and sophisticated algorithms are detecting patterns in those aggregated data that were not possible even a few years ago.
Billions of data points from millions of people have high value. Companies like Facebook and Google have converted social media likes, internet searches, and cell phone tracking into marketing gold. The Internet of Things, Artificial Intelligence, and robotics are transforming the way services are provided and how products are manufactured and used.
The energy and water industry has been taking note. Along with commodity suppliers and government, utilities have focused on interval meter and sub-metering as a way of getting on the big data bandwagon. Interval data is being promoted to energy consumers as the big data tool that will deliver the success experienced in other sectors.
Interval data can play a tactical role for a business that wants to optimize production and energy efficiency in their operations. However, a preoccupation with the big data success story can actually hamper effective action on energy when it distracts or prevents a business from grasping the strategic importance of small data.
This editorial by David Arkell appeared in the November 29, 2019 edition of the
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https://360energy.net/january-newsletter-2/
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