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Data overload creates challenges in deriving actionable business intelligence, hindering progress. A successful program starts with useful and repeatable data. Recorded Date: October 24, 2013 Host: Alison Liaboe, with Ecova
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Moving from Big Data Insights to Measurable Results
Presenter: Alison Liaboe Date: 10/24/13
Agenda
Review challenges when managing a significant energy spend
A Look at Big Data: what does this tell us?
What the trends are and how do you compare?
Interactive quiz
Upcoming webinars
Questions and inquiries
Why should you care?
U.S. Commercial Facilities
Commercial facilities account for 36% of U.S. electricity consumption
The associated cost for that consumption is over $190 billion
Responsible for 18% of U.S. carbon dioxide emissions
U.S. Environmental Protection Agency claims that 30% of all consumption is wasted
Your Challenges
Lack of visibility into cost and consumption data
Data overload creates challenge for deriving actionable Business Intelligence
Lack of accurate and updated industry trend and benchmark data
Are you using all the resources at your finger tips?
What should you be thinking of next?
Data Is Where It’s At!
A successful program starts with useful and repeatable data
Information used to make decisions should be more than cost and consumption
You can have a lot of data but presentation is the key
Once you have the words, now you can tell the story!
It all starts with the data
Ecova’s Data Warehouse
Growing Results on Saving Resources Technology enabled solutions for both sides of the utility meter that enable companies to manage their energy and sustainability expenses and usage
Founded in 1996 (17 years of data)
Over 2.2B data points
Over 750,000 commercial sites
Over 700 commercial and industrial clients = 24% of the Fortune 500
Nearly 20 vertical sectors
Ecova processes nearly $20B in energy and resource expenditures
Ecova handles over 8% of the commercial electric load in the U.S.
Consumption Highlights – Vertical Markets
Small and medium box retail have led the way with consumption reductions Healthcare has pressures like no other vertical, and energy intensity is increasing
Small Box Retail - 0-7500 Sqf t
Medium Box Retail - 7500-25000 Sqft
Mercantile (Malls)
Warehouse and Storage
Service
Off ice
Food Sales-Convenience Stores
Education
Public Assembly
Big Box Retail - 25000+ Sqf t
Food Service-Casual Dining
Food Sales-Grocery
Lodging
Food Service-Quick Serve
Industrial
Healthcare (Outpatient)
Healthcare (Inpatient)
Total
-14.0% -12.0% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0%
Consumption Change: 2012 Baselined to 2008
Best Practices For Getting Your Data On
Data is good…
…but what’s next?
Putting Big Data to Work: Client Best Practices
Baseline and Trend Analysis Trend analysis helps gauge energy consumption and energy intensity
Forecasting Creates visibility into projections that affect risk and profitability
Facility Benchmarks: targeting facilities for improvement
Internal benchmarks help identify positive and negative portfolio outliers with an emphasis on targeting facilities for improved energy performance
External benchmarks provide a performance gauge for companies relative to competitors within the same vertical market segment
Measurement and Verification Measurement is essential to determine what’s working and what’s not
Big Data = Big Action
Are you doing this?
− Baseline and trend analysis
Big Data = Big Action
Are you doing this?
− Baseline and trend analysis
− Forecasting
Big Data = Big Action
Are you doing this?
− Baseline and trend analysis
− Forecasting
− Facility Benchmarking
o Internal portfolio benchmarking to support outlier identification
o External benchmarks to gauge performance relative to competitors
Big Data = Big Action
Are you doing this?
− Baseline and trend analysis
− Forecasting
− Facility benchmarking
o Internal portfolio benchmarking to support outlier identification
o External benchmarks to gauge performance relative to competitors
− Measurement and verification
How Did You Fair?
5/5 – You are an energy cowboy or cowgirl!
4/5 – You are on the right track!
3/5 – You are aware, but need a push!
2/5 – You’ve taken a first step, but need a plan!
1/5 – We’re here to help!
Summary
If the data is there, lets use it!
There are ways to get to a full, data driven energy management program
Upcoming Webinars
INSIDE ENERGY & SUSTAINABILITY SERIES
Big Data Energy Trends and Highlights – May 10th
Resource Benchmarking Report: Demo and Solutions Overview – with Special Guest Walgreens – June 14th
Questions: [email protected]
Q&A
Thank you!