Companies spend millions of dollars on energy per year. They thought that it is just a cost to be managed – but, they are wrong. Due to climate change, innovations in energy technology, and plummeting renewable energy prices, a mobile energy management solution is climbing up the corporate agenda. The quality of the technology deployed is becoming an important factor in securing your competitive advantage in the energy sector.
Integrating energy into your company’s visions and operations allows you to develop an action plan for resilience and business continuity. Energy and carbon reduction planning should be prioritized in the capital allocation process, too.
Many companies can’t easily say how much energy they use. They lack good systems to access energy data quickly – and, you don’t want to be one of them. As the biggest cost area for companies, energy should be monitored and managed carefully. You need to have information about your energy usage to take action. If you know your total energy use, you can soon find ways to reduce it.
Monitoring and analyzing energy can reveal operational issues that affect:
You can use the data to predict the energy required for every product you manufacture. When the actual consumption varies from the prediction, you will know that there is a problem. You can also use the analyzed data to adjust your prices, and as a result, ensure profitability. By tracking your energy use and comparing it to similar plants, you can also uncover efficiency opportunities. You can learn from your competitors to improve your business performance.
To make things easier, fairly inexpensive energy meters and energy solutions can help you capture real-time data and increase your savings. A detailed understanding of your energy use is important in helping you predict how volatility in energy prices and availability can affect your cash flows, profits and overall performance.
Volatix offers a mobile energy management solution for your energy usage. Our products increase efficiency, visibility and communication between mobile and corporate workforce through field data capture capabilities. Powered by the cloud, you can view your organization data the way it suits you. Your team will have up-to-date company data without worrying about troubleshooting and managing updates. Plus, you can view your corporate data on your phone- wherever, whenever. Learn more about us here.