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.
Making Sense of Data
Consultants can help clients turn raw, disparate data into something more actionable that will help those organizations make more informed decisions.
And the sooner they can help the better, because by 2020, there will be twice as much high-value data worth analyzing, predicts IDC. At that time, says IDC, 60% of information sent to decision makers will be actionable. So consultants should establish themselves now as partners that can deliver that actionable information to add value to clients, rather than waiting for it to become the norm.
The good news for organizations is that improved analytics technology leads to improved data reporting in terms of both access to data across organizations and the ability to understand it. Even something relatively simple such as website traffic can now be accessed by all employees (or whoever the company wants) through online platforms rather than having to ask a webmaster to check the stats every time someone wants an update. Plus, the data is then often presented in ways that are customizable and/or as visualizations, allowing users to quickly make sense of the data.
Reducing Energy Costs with Improved Reporting
Consultants can help companies figure out which areas need better data reporting and then recommend technology they can use. In some cases, the consultants can even manage the reporting, as the rise of Analytics-as-a-Service has consultants offering cloud solutions that provide insight without requiring clients to hire additional internal analytics talent.
For example, consultants can introduce clients to Energy Analytics Software (EAS), which allows businesses to understand the costs behind their energy bills. Rather than simply looking at a monthly utility bill and trying to guess what went into energy costs, EAS allows consultants to provide detailed reporting using real-time and historical data on how clients use energy so that they can better manage it.
Especially at a large company with multiple buildings or even just more than one floor within a building, it can ordinarily be very difficult to keep track of energy usage and know which area of the business is consuming the most. Yet with clear reporting from EAS, consultants might notice that energy usage tends to spike at noon, for instance, and that the utility company offers a better rate for energy usage in the evening.
As a result, the consultant could recommend process changes that make the most financial sense. For example, a manufacturing company might think that running an evening shift is not cost effective because they would have to pay a premium to employees to work those hours. Yet due to the lower cost of energy in the evening, it could be a net positive for the company to run that shift.
Or on the other hand, a company might think that it’s a good idea to run production on a 24-hour cycle, yet with clear data reporting showing the costs of always running the heat, for instance, it might become clear that it’s better to limit operational hours.
So by providing clients with better data reporting, businesses can more easily make data-driven decisions that help the bottom line.
Request a complimentary energy efficiency assessment to find out how Artis Energy’s RTIS® energy analytics platform can provide you with the visibility and insight to transform energy from a fixed cost into a distinct competitive advantage.
Making Sense of Data
Consultants can help clients turn raw, disparate data into something more actionable that will help those organizations make more informed decisions.
And the sooner they can help the better, because by 2020, there will be twice as much high-value data worth analyzing, predicts IDC. At that time, says IDC, 60% of information sent to decision makers will be actionable. So consultants should establish themselves now as partners that can deliver that actionable information to add value to clients, rather than waiting for it to become the norm.
The good news for organizations is that improved analytics technology leads to improved data reporting in terms of both access to data across organizations and the ability to understand it. Even something relatively simple such as website traffic can now be accessed by all employees (or whoever the company wants) through online platforms rather than having to ask a webmaster to check the stats every time someone wants an update. Plus, the data is then often presented in ways that are customizable and/or as visualizations, allowing users to quickly make sense of the data.
Reducing Energy Costs with Improved Reporting
Consultants can help companies figure out which areas need better data reporting and then recommend technology they can use. In some cases, the consultants can even manage the reporting, as the rise of Analytics-as-a-Service has consultants offering cloud solutions that provide insight without requiring clients to hire additional internal analytics talent.
For example, consultants can introduce clients to Energy Analytics Software (EAS), which allows businesses to understand the costs behind their energy bills. Rather than simply looking at a monthly utility bill and trying to guess what went into energy costs, EAS allows consultants to provide detailed reporting using real-time and historical data on how clients use energy so that they can better manage it.
Especially at a large company with multiple buildings or even just more than one floor within a building, it can ordinarily be very difficult to keep track of energy usage and know which area of the business is consuming the most. Yet with clear reporting from EAS, consultants might notice that energy usage tends to spike at noon, for instance, and that the utility company offers a better rate for energy usage in the evening.
As a result, the consultant could recommend process changes that make the most financial sense. For example, a manufacturing company might think that running an evening shift is not cost effective because they would have to pay a premium to employees to work those hours. Yet due to the lower cost of energy in the evening, it could be a net positive for the company to run that shift.
Or on the other hand, a company might think that it’s a good idea to run production on a 24-hour cycle, yet with clear data reporting showing the costs of always running the heat, for instance, it might become clear that it’s better to limit operational hours.
So by providing clients with better data reporting, businesses can more easily make data-driven decisions that help the bottom line.
Request a complimentary energy efficiency assessment to find out how Artis Energy’s RTIS® energy analytics platform can provide you with the visibility and insight to transform energy from a fixed cost into a distinct competitive advantage.