What's All the Hype About Big Data and Energy Analytics?
As explained by Power Engineering International, changes with energy management standards are evolving at a record pace, and new process standardization will take hold over the next eight years and radicalize the industry with the volume of change that has been seen over the last 25 years. Organizations are being forced to do more with less, and more entities are looking for ways to decarbonize basic functions. In other words, power companies and energy users are trying to save money and reduce reliance on carbon-based energy sources, such as fossil fuels. Big data and energy analytics will play a significant role in meeting this goal, and education Facilities Managers need to understand what it means for their operations.
Pressure to Conserve Energy Is at an All-Time High.
According to Accenture, 44 percent of energy and executives view availability, sourcing, cost of labor and skills, and responses as the top hurdles they face in energy management. In K-12 settings, this amounts to reduced budgets, increasing education costs, and greater demand to do more with less. Unfortunately, challenges also exist, such as poor data quality and integration, Apache ownership of data across processes, fragmented use of analytics, and failure to understand analytics and insights. These issues make up the lion share of reasons why school boards run energy management. Facilities Managers in K-12 settings overlook the value possible through energy-efficiency upgrades.
Big Data in Energy Analytics Open the Door to Better Understanding of Basic Challenges in Energy Management.
In fact, energy companies and the use of artificial intelligence to improve big data in energy analytics have risen from 500 million in the first quarter in 2017 to 3.5 billion in the second quarter, reports Jason Deign of Green Tech Media. Purchase the alert with big data in energy analytics goes back to the basic economic principle; businesses look for certain, innovative ways to reduce costs in light of insurgency. Recent economic development, such as international trade Terrace, could have an and with the effect on the entire industry, including educational institutions. Simple steps to improve energy efficiency and reduce costs can translate into big savings for educational institutions, and new technologies are being developed around the clock.
For instance, money, startups are looking to commercialize blockchain-based energy trading concepts, but new developments will require a strong understanding of current capabilities, especially big data in artificial intelligence. Organizations and institutions that tap into the power of big data in artificial intelligence today can position their organizations to reap greater savings through energy efficiency.
Tips for Using Big Data and Energy Analytics in K-12 Institutions.
Facilities Managers can reduce energy costs through the use of new technologies and energy-efficiency upgrades. Some of the best ways to use big data and energy analytics in K-12 institutions might include:
- Retrofit facilities.
- Balance macro and micro costs.
- Budget for more than just monitoring.
- Look beyond the surface of energy bills.
- Implement behavioral changes based on big data energy analytics.
- Leverage external resources, like benchmarking tools and data specialists, to help understand insights.
- Apply for government-sponsored funding programs for energy efficiency upgrades.
- Keep your eyes on the prize.
- Benchmark, benchmark, benchmark.
Tap into the Value of Big Data Energy Analytics in K-12 Institutions Now.
Education Facilities Managers need to understand the value of big data and energy analytics in K-12 institutions to secure funding for the future, avoid budget deficits and provide the best learning experience as possible. Follow the aforementioned tips in this article and contact Cenergistic at 1-855-798-7779 or visit us online to get started.