The world has seen an increase in energy regulations recently proving the greater necessity for energy management tools. In the energy market, especially for utilities, asset managers or O&M companies it has become incredibly important to be able to manage tons of data. Cloud based energy management software have become the dominant tool and here are the 5 reasons why they should be used by energy companies to support their management practices.
Cloud based systems allow energy managers to access information with greater flexibility. By utilizing a cloud based system, users can store information from many different data acquisition systems and access and analyze this information from different sites with one application. In fact, such a system allows for easier portfolio management as it is possible to view all managed sites at once. Because energy managers are able to access information remotely, this also reduces on-site maintenance to only when absolutely necessary, saving time and cost in manual maintenance.
2. Cost Reduction in Development
Cost reduction proves to be one of the greatest benefits of cloud based energy management systems as it allows energy companies to curb costs for the development of local infrastructure. Innovation of the software as needed is crucial to remain competitive. Because these systems are generally sold as a service, the consumer does not need to take care of maintenance and updating of the database and infrastructure which again reduces wasted time and money that could be spent on implementing energy and money saving practices based on the data received. Clients also only need to pay for what they use thereby reducing excessive overhead cost.
3. Cost Reduction in Man Power Resource Allocation
Not only do cloud services minimize costs of software development and maintenance but also direct monetary costs, the cost of time, and spent resources on maintaining in-house IT professionals and infrastructure on gathering, storing and analyzing energy data. This proves most beneficial for sectors that do not or cannot prioritize in-house energy management software experts.
Cloud based systems allow for greater deployment flexibility, meaning that it is easy to either upgrade or downgrade resources which proves a great advantage for energy management systems compared to owned infrastructure. This allows the consumer to reduce or increase site data acquisition and maintenance much easier as demand dictates. For energy management specialists and consultants, this proves especially beneficial as clients change, more sites are easily implemented into the system for better facilitated management.
5. Disaster Recovery
Every business possesses sensitive, important information that is crucial to business operations and must be protected. Cloud based services are the simplest way to keep information backed up and safe. Specifically, it is cited that small businesses are twice as likely as larger companies to implement cloud-based backup and recovery solutions. This solution saves time and large up-front investments. With cloud based energy management software, energy data and savings analysis is securely maintained and updated without much work from the customer.
These reasons why cloud based energy management software provide more efficient and cheaper tools for energy management on any scale are important to understand for any asset manager or O&M company looking to take their business to the next step. But at the same time, they should look for a solution which is also highly customizable as needs of their company may not be the same as other energy companies or change over time.