A white paper released by ABB has revealed that smart energy management systems can help facility managers reduce energy consumption by up to 45%.
In the paper, The new era of energy management, ABB explains the multiple benefits of utilizing smart energy management systems that leverage new digital technologies, such as artificial intelligence, machine learning and the Internet of Things (IoT). These technologies are paving the way for greater efficiency and higher cost savings while ensuring sustainable operations. With global energy consumption expected to almost double by 2050, according to the U.S. Energy Information Administration, the spotlight is on companies around the world to sharpen their focus on both the amount of energy they are using and the resulting emissions they generate.
Today, smart energy management systems can exploit the IoT to collect a colossal amount of data from devices and process them to form actionable insights. The ability to monitor different systems and collect information on key parameters helps organisations get clear visibility of their systems, and thus a better understanding of how to optimize them to boost efficiency, productivity, and profitability.
Data-driven decision-making also improves reliability and performance by enabling organizations to predict system behavior, accurately verify their energy bills and compare energy usage across multiple sites at a glance. With digital technologies quickly gaining traction in the manufacturing and building sectors, cloud-based solutions are becoming more flexible as well as affordable. To ensure a sustainable future, organisations will need to reimagine and alter their energy infrastructure to implement these technologies and solutions. Andrea Temporiti, digital lead for ABB Electrification concludes: “Energy efficiency is becoming an important competitive asset on many levels. The time for organizations to digitalize their energy management is now and we look forward to supporting our customers in this exciting transition.”
Source: Smart Energy International, 2020 (www.smart-energy.com)