Digital technology is revolutionizing most industries, none more so than energy management. Easier access to computing resources via the cloud, combined with specialized analytics platforms and applications on demand is turning the business of energy management on its head.

In its most recent survey on business process outsourcing (The Accenture 2015 High-Performance BPO Report), Accenture highlights the growing importance of digital technology in the outsourcing relationship. The report found that the high-performing companies using BPO (Business Process Outsourcing) services are distinguished by leveraging specialized technology solutions coupled with expertise from their service providers. Rather than throwing bodies at the issue—or “lift and shift” as Accenture refers to it—automation is replacing the repetitive transactional processes that have been the mainstay of the BPO industry for the past decade. Now, best practice BPO is the adoption of technology solutions, augmented by industry expertise.

We are seeing this same dynamic playing out in the energy management services sector. Service providers and consultants now have far more powerful and immediate data analytics and reporting at their fingertips, giving them even greater capability to help customers realize the full benefit of their energy management programs.

To support this changing dynamic, IBM Envizi is focused on building greater levels of automation and data capture into our energy management solutions. Technologies such software meters are enabling us to access information at the equipment level that has traditionally been very hard to extract. By increasing automation, organizations can capture this data at a lower cost and with greater speed, accuracy and standardization.

The granularity and richness of data that we are now able to capture is feeding into analytics and reporting tools that provide far greater insight into energy usage trends and opportunities to reduce energy waste than ever before.

With automation delivering labor efficiencies to service providers and in-house teams, and analytics providing actionable insight, your industry experts and business decision-makers can work on more complex issues relating to energy management, rather than finding themselves bogged down in data gathering, analysis and reporting.

Collaboration with your service providers and Envizi’s partner ecosystem is key. Leveraging these external relationships can have a value multiplier effect through better use of technology and talent ensuring that strategic value is delivered and higher overall energy performance is achieved.

Analytics is also providing much-needed visibility on energy usage, and automation is ensuring that valuable insights can be delivered continuously and in real-time. From an energy management standpoint, that means your industry experts are making more informed and more responsive decisions, allowing organizations to take faster and more effective action.

Ultimately, the power of digital transformation in the energy management space is best realized by the application of industry knowledge and domain expertise, something that resides both with the people in your own organization and also with your services partner.

Build your sustainability data foundation, streamline reporting and accelerate decarbonization with the IBM Envizi ESG Suite

Categories

More from Sustainability

iFoodDS and IBM forge new path to food safety with IBM Food Trust™

4 min read - Picture this: You're at your local supermarket, eagerly exploring the fresh produce section. You carefully select a carton of ripe, juicy fresh-cut strawberries, envisioning them as the star ingredient in your weekend's mouthwatering desserts. You're all set to enjoy a delightful culinary adventure. But as you savor your first bite of a luscious strawberry shortcake, you receive a notification on your smartphone. It's breaking news: a food recall alert! Panic ensues as you wonder if those very strawberries are part…

The tsunami of sustainability disclosures facing American multinationals: Is your company prepared?

5 min read - Globally, there has been an uptick of landmark regulations forcing companies to address sustainability issues like climate change, and to disclose the work they are doing to address these issues. On July 31, 2023, the European Union (EU) adopted the European Sustainability Reporting Standards (ESRS) and published them as “final rules” for the Corporate Sustainability Reporting Directive (CSRD), the most far-reaching set of disclosure requirements companies have to comply with, covering 12 environmental, social, and governance (ESG) standards. CSRD will…

Harnessing AI and data analytics can make clean energy more viable

2 min read - The effects of climate change grow more tangible by the day. As a result, the electric power industry is hastening efforts to reduce environmental impact. To do so, they need help to get a clearer picture of where they fall on the emissions reduction roadmap, and to better understand their opportunities for improvement. This is where harnessing artificial intelligence (AI) and data analytics can help. To assist utility companies, IBM has created the Clean Electrification Maturity Model (CEMM) in conjunction…

2018 Call for Code Winner Project OWL advances its natural disaster communication network

3 min read - For disaster-prone areas, fragile connectivity remains a major problem, often going offline in critical moments. Aerospace enterprises face a similar challenge when trying to run consistent high-altitude connectivity while operating in remote locations, which can also be very expensive. This is where Project OWL comes into play: developing new technologies to help address these challenges. Formed in 2018 to compete in the inaugural Call for Code Global Challenge — which it won — Project OWL is a global team of entrepreneurs…