Most successful companies track and manage their data. They measure key performance indicators such as sales conversion rates, gross margin and many more. Most of them also use software to manage their data. However, fewer companies track and measure their energy data. Although electricity is a top five operating expense, they think that they can do little to control it. Unlike other operating expenses, energy is still misunderstood and questioned.
Electricity is important for businesses to operate, but it can also be confusing. It is made of thousands of potential combinations and almost always vary from one utility to another. Bills are often based on a combination of these:
- Peak demand
- Power factor
- Time of energy use
- Total kilowatt-hour consumption
- Load factor
- Fuel surcharges
- Renewable or energy efficiency programs
- Fixed customer charges
Many people don’t even know half of these terms. Because they don’t understand their energy data or how much money they could save by tracking and taking control, they skip monitoring it.
Another reason why they don’t track their energy data is the lack of technology before. Utilities seldom offer their customers the capability to track their energy usage in real-time because they want to sell more electricity – not less. Tracking energy in real-time was limited to companies with expensive management systems. Thanks to the advancement in technology, measuring energy data has become easier and cheaper.
What’s the solution?
Volatix allows you to view your corporate data on your phone. We provide a simplified way to connect to your data. Building your own mobile solution can be very expensive, so we do the heavy-lifting for you. You don’t have to look for manpower to implement and manage your own in-house solution. We manage everything, including updates and troubleshooting.
Energy can be tracked and controlled. So, you should get the right solution as foundation to your energy strategy. Choose Volatix to capture your energy data and help you find ways to reduce the amount of energy you spend. As a result, you’ll get annual savings and validate your ROI. Find out more about our solutions here.