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Most businesses readily concede they are spending too much on energy. Unfortunately, just as many miss out on a myriad of energy analytics advantages and fail to develop an energy strategy that gives them a competitive advantage.
The Business-Process-as-a-Service (BPaaS) market is on the rise, with an expected compound annual growth rate of 23.7% from 2015 through 2020, according to Markets and Markets.
Smart manufacturing is buzzing right now, but some organizations might still be a little lost as to what this change really means.
The growing wave of cloud services provides businesses with easy access to a wide range of technology, often at a more affordable price and with added flexibility. In all, the public cloud services market is expected to grow by 18% in market value this year, according to Gartner. One of the largest and most well-known segments of that market is Business Software as a Service; these BPaaS solutions include applications in areas ranging from customer relationship management to energy management.
Certain aspects of running a business are crucial to keep the company functioning, but hey are not necessarily part of its core value proposition. In these cases, companies can turn to business process management, or BPM, which provides efficiencies beyond what the company could generate on its own.
Energy is no longer just a fixed cost that your business incurs. By performing energy analytics, invaluable insights can be derived to inform operations, risk management, compliance, manufacturing, among other departments. As a result, organizations should look to incorporate analytics and energy services for businesses that connect usage and cost to the larger picture of business energy management as a competitive advantage.
Connecticut’s manufacturing industry isn’t quite what it used to be, but the state is making some efforts to create a better environment for the industry, with a particular focus on training more workers in advanced manufacturing.
Software as a Service (SaaS) solutions are still on the rise, with more companies choosing the flexibility and convenience of platforms hosted remotely by another company. While the market is maturing, the value of the SaaS industry is still expected to grow by 20% in 2017, finds Gartner.
When a company looks to grow, it often has to make investments such as hiring more staff or moving into a bigger office, with the hope that the cost of doing so is ultimately less than the benefits these investments provide. Yet many companies overlook an energy investment opportunity that would also improve the bottom line of their business.
In the quest to reduce costs and increase profitability, businesses can take plenty of static steps to save energy, such as replacing dated lighting or HVAC equipment. The hope is that the end result will always be that the new devices or equipment will run more efficiently and therefore produce energy savings.