Analytics in Smart Manufacturing
A board of directors’ focus on maximizing shareholder value does not need to be at odds with maximizing sustainability. In fact, pursuing sustainability initiatives can boost value.
Commercial real estate companies that bear part or all the cost of tenants’ energy usage have a significant financial incentive to get renters to use less. If U.S. retail, warehouse and office space used 20% less energy overall, it would result in savings of $5 billion, according to the Department of Energy. Plus, doing so would bring the environmental benefits of reducing emissions by the equivalent of 370 billion miles of automobile travel.
As more organizations look to improve sustainability, consultants should look for ways to help clients meet this goal and use that ability as a selling point.
Operations aren’t always as glamorous as sales, but they are inextricably linked. Without operational efficiency, companies limit their sales potential, like a car with inadequate tires trying to drive based on the horsepower of its engine alone.
With increased data comes increased opportunity to analyze that data, yet not everything can be easily examined. The same information can be presented in multiple ways, and the better the data reporting, the more actionable the analysis can be.
Employee engagement is not just an HR buzzword. Instead, it is a key component to a company’s overall success, as it correlates with a variety of benefits such as less employee turnover, better customer retention and increased productivity — all of which feeds into higher profitability.
While the environmental and financial benefits of energy management are well-known, most commercial real estate owners and managers do not see energy management technologies as a way to improve tenant relationships.
Investors are increasingly scrutinizing corporate sustainability efforts, both in terms of overall practices and shareholder disclosure.
While implementing technology changes such as using energy analytics software (EAS), building automation systems, energy-efficient equipment or any combination of these certainly helps to save energy, a company’s employees and customers play a large role in how energy is consumed. So, by making energy savings part of your corporate culture, you can maximize the results, because people, processes and technology will be unified toward achieving this goal.