The Benefits Of Smart Energy Management

Industrial companies are constantly looking for ways to reduce their energy costs. In fact, Deloitte’s 2020 Resources Study found that 48% of respondents identified cost-cutting as their primary driver of implementing an energy management program. That being said, smart energy management solutions can offer real-time monitoring, control and reporting of your facility’s energy assets. And this can result in significant savings for you!

REAL-TIME MONITORING

Real-time monitoring is a key component of smart energy management. This allows companies to track the performance of their production equipment 24/7, flagging any issues that could impact operations and preventing downtime of critical machinery. Typically, real-time monitoring software displays relevant data in customizable dashboards that can be customized according to priorities and administrator preferences. These can include a variety of formats, including numerical line graphs, bar graphs and pie charts. A company can also compare real-time data with historical benchmarks to identify anomalies and discover changes in hardware health or network performance. This gives IT managers the information they need to analyze the root cause of a problem and implement solutions faster.

REAL-TIME ALERTS

Smart energy management systems are a great way to save money and reduce your energy consumption. These systems report energy usage in real time, send meaningful alerts and make recommendations for saving. For example, if you have a smart meter, it can send you alerts when you are close to using more than your monthly energy limit or if you aren’t using the appliances you have on a schedule. You can also set alarms that notify you when the lights or oven are on and when things like sump pumps don’t turn off or on. Similarly, if you have a smart LDAR system, it can help you keep track of your emissions and when they are elevated or reduced. This will help you identify the source of the emission event.

REAL-TIME REPORTING

As part of smart energy management, real-time reporting gives you access to information that is updated in real time. This allows you to make more accurate and timely decisions about how you use your energy. It also speeds up your decision-making process, enabling you to quickly make adjustments to your strategy if your KPIs aren’t working as well as expected. This is an invaluable tool for anyone who needs to make decisions based on data and trends in order to optimize their strategies and get the best results. Using real-time reporting is also a great way to improve communication and ensure that important decisions are never put on hold. This is especially useful for those who need to communicate with clients, as you’ll be able to provide them with the data they need right away and avoid back-and-forth communication.