Title: The Data Indigestion Crisis: New approaches to Energy Analytics
Presenter: Umesh Bhutoria, Founder and CEO, Energytech Ventures
Description: With billions of new sensors from the Internet of Things flooding organisations with data, coupled with cheap cloud storage and processing capacity, we are rapidly heading toward a data ingestion crisis. If organisations are to take advantage of the benefits of IoT, there needs to be a step change in the ability of engineers to take advantage of advanced analytics. However, there remains a lack of skilled resources and a bewildering variety of options in the solution stack (hardware + software + platform).
In the energy analytics area, companies globally are expected to spend up to $4 billion annually in the manufacturing and utility sectors alone. However, they are also expected to only reap 30% of the potential value from their investments, due to poor identification and leveraging of actionable insights. As a result, it is expected that analytics as service will grow rapidly along with a range of business model innovations but organisations still need to understand what services they are procuring.
This webinar aims to help prepare organisations to invest in data analytics by setting out the basics of the field and then addressing the massive changes taking place due to the Internet of Things. It will show how to get started, how to deal with vendors and how to bring people in your organisation along with you. The presentation will also include a number of energy analytics case studies, including from the textile industry in Asia.
About the presenters: Umesh has over ten years’ experience in energy efficiency having worked with clients like the World Bank Group, IFC, Sweden Textile Water Initiative, Tat Motors, TERI, NALCO, Aditya Birla Group, SIDBI, Mardec, and Welspun across India, Bangladesh and Malaysia. He was the Energy Manager of the Year in 2013 for Energy Engineers India and was recognized for pathbreaking work in Energy Analytics in 2017 by AEE Western India Chapter.