All businesses are constantly looking for ways to improve operational efficiency because it helps improve their productivity and bottom line. This is where a smart energy management system like MiDAS from Tantiv4 can be greatly beneficial for your business.
Let's discuss how smart energy management can help increase your business' operational efficiency.
How Smart Energy Management Can Help Increase Operational Efficiency
Here are just a few common ways that smart energy management can help your business increase its operational efficiency.
- Monitoring and Controlling Power Factor and Maximum Demand
Businesses often face problems with low power factor, where they are paying for wasted energy, which can hike up their utility bills. Similarly, higher maximum demand or power consumption can do the same.
Often, these things go unnoticed. However, a smart energy management system can monitor power factor and maximum demand to notify of low power factor and spikes with the values you need to adjust your capacitor banks by.
This allows you to improve operational efficiency by not wasting energy, saving resources, and utilizing them in other places where they are needed more.
- Easy to Understand, Actionable Reporting
Smart energy management systems can generate easy-to-understand, actionable reports. For example, MiDAS uses a natural language interface, allowing you to ask for the specific data you need or the problem you are facing.
MiDAS will use its artificial intelligence (AI) engine to understand natural language and generate the right report with the right course of action to solve your problem. This is a highly productive, convenient, and efficient way to solve problems, thus increasing operational efficiency.
- Organized Workplace
Smart energy management allows you to also organize your workplace to improve operational efficiency. A system like MiDAS allows you to divide energy management at plant, department, and asset levels.
You can take actions at individual levels for organized efforts. For example, you can monitor things like power factor, maximum demand, and distribution of loads at the plant level for more organized actions.
- Improved Maintenance
Unlike typical maintenance, which is either proactive or time-based, smart energy management allows for far superior and efficient, predictive maintenance. This can not only improve maintenance, but it can also save you money, resources, downtime, equipment replacement, and longevity.
Let's say your equipment is experiencing inductive loads that degrade performance. These produce noise or "harmonics" from mechanical damage and wear and tear of internal parts. You often need to hire an expert auditor, who can understand them to suggest maintenance efforts.
A smart energy management system like MiDAS allows you to check the level of harmonics and take the right maintenance actions without hiring an expert. This is made possible through data analytics and smart technologies like AI used by MiDAS.
You no longer need proactive or scheduled maintenance as often. Instead, you can take predictive maintenance actions when required by your equipment.
Conclusion
These are just a few common ways that smart energy management can help your business find ways to improve operational efficiency, and there are plenty more. Specifically, if you opt for a comprehensive smart energy management system like MiDAS, you can expect greater operational efficiency.
If you want to learn more about how smart energy management can help increase operational efficiency or MiDAS from Tantiv4, please visit MiDAS website today.