Energy Management is easier said than done. It is one of the most entangled processes in the industry, with almost all elements being moving pieces and involving typically ten to fifteen departments coordinating with each other. Naturally, this megalithic complex environment has manifested as an opportunity for technology that has a taste for problem solving and large volume processing. Energy Management is on the cusp of a technological revolution, with energy managers turning rapidly towards data science and computing power for an answer that not only meets their current needs, but fits aesthetically in the future projections of their usage and processing requirements.
The ground premise for most of these solutions must revolve around the nature of the energy sector environment, which is highly viscous in the movement of data, regulated heavily by compliance requirements, and catering to large volumes, sometimes petabytes of data. Transforming energy data into financial metrics is an important aspect of energy management solutions, almost a standard requirement for the energy sector on the whole. Analytical capabilities, artificial intelligence, machine learning, and event response tools can automate asset management and reduce downtime to a minimum— leading to cost-effectiveness, streamlining of processes, and higher ROI for the consumers.
In the last few months, a distinguished panel comprising of CEOs, CIOs, and analysts, along with Energy CIO Insight’s editorial board reviewed and shortlisted the top companies, at the forefront of tackling energy management challenges for the energy sector.
In this edition of Energy CIO Insights, we present to you “10 Most Promising Energy Management Solution Providers 2017,” featuring the companies that have turned the complex and difficult into easy and manageable.