Optimal Monitoring, one the UK’s leading energy management firms, has added a powerful new feature to their already extensive product line – Business Dynamics®.
“The issue with the majority of energy monitoring systems is that they tend to look at energy by time of day and don’t take other influences into account” says Duncan Everett, Managing Director, adding: “Most business consumers want to know how their energy demand is moving relative to their own business activity.”
Spotting a gap in the market, the Optimal team developed the Business Dynamics® tool which allows customers to see the relationship between their utilities and their key business drivers.
Duncan explains: “We wanted to see how we could relate energy use to user defined KPIs; e.g. energy per item manufactured or per person served.” Business Dynamics® looks at the energy that goes into operating a production machine and compares that to the number of outputs that machine produces, so customers can see how their energy consumption varies around production of the same product or service as it happens.
“It’s a powerful management tool because it relates demand for energy to what the firm does as its core activity.”
Optimal has taken Business Dynamics® further by using historical data to predict energy demand for the forthcoming period; half hour or day to the recent norm so that the tool becomes predictive rather than just descriptive and alerts managers to anomalies before they occur.
Business Dynamics® also analyses trends to find optimum performance conditions, track changing performance, leading to better maintenance and forward forecasting – all of which allows customers to make smarter business decisions.
Duncan adds: “This is energy management in the 21st century – embedded in the heart of business and made easy through automation.”
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