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Improving Energy Usage Efficiency with Big Data
Owing to the modernization caused by the widespread adoption of technologies like IoT sensors, wireless transmission, network communication tools, and cloud, every industry currently possesses vast amounts of data. Organizations are leveraging this data to glean insights into energy efficiency, usage, and delivery. A wide-scale digital transformation like this will provide an unprecedented amount of information, allowing large-scale energy providers to assess and manage energy usage as well as the operations.
The Case for Energy Efficiency
As alarming as it sounds, the U.S. economy wastes its energy anywhere from 61 to 86 percent, spending $130 billion a year on wasted power. This only implies that every small and big business serves as a major contribution toward this wastage, which can be cut down to increase the net cost savings. However, a complete shift to an energy-efficient society will require more than the local businesses to make it happen. In this journey, big data will help facilitate this change in the following ways.
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1. Going Green
In order to reduce the energy footprint, organizations require enough data and information on their current energy usage. The initial step toward this goal is to order an energy audit, wherein a professional will measure the total energy consumption of the property or business and reveal the highest sources of energy waste. However, it takes upkeep to ensure organizations remain balanced. By implementing big data systems, organizations can have an accurate evaluation of green strategies and components to ensure efficiency.
2. More Efficient Than Ever
When a large organization tries to maintain a neutral energy footprint, they need to look past their utility bills into government fees and taxes, leased equipment, third-party services, and infrastructure costs, and more. These factors often end up adding to a business' full cost of the energy. Big data, with information about energy usage, can help in increasing the efficiency. This is because of the analytics tools that are being used can now reach areas where they did not have access to before.
3. IoT and Smart Setups
Several companies are now leveraging technologies such as automated lighting, remote controlled machinery and systems, and more efficient tools to improve energy efficiency across their organization. Technologies involving automated lighting, remote controlled machinery, and systems, and tools that are more efficient can be primarily used to improve energy efficiency across the organization. Thanks to “smart” technology, a wide array of sensors, networking devices, and data collection tools have been introduced to the market. Additionally, AI is challenging and changing the existing processes to promote energy efficiency. Several organizations are using such tools to significantly cut down on energy usage through shutdown schedules.
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By Radhika Venkatraman, SVP - CIO, Network & Technology, Verizon