Energy management has risen to the top of the worldwide discussion for manufacturing industries businesses, as it is critical not just for generating profits but also for planning and tracking environmental projects. Most industries are finding a way to improve their production with a cost reduction.
Energy — includes power, gasoline, and other forms of energy – accounts for roughly 25-30 percent of industries total production costs.
Energy costs are becoming a growing source of worry for manufacturers, let’s see the challenges, solutions for energy management, and the benefits.
What are energy analytics?
The process of collecting electrical data and applying advanced analytical tools and algorithms to give insights about consumption and time of usage reductions is referred to as energy analytics.
With energy analytics, the operational managers can get the real data, diagnose the issues, reduce the power cost and make an effective action.
All the industries are operating based on different sources of energy like power, gasoline, water, etc…so there is a need for energy management and the solution to solve the manual system challenges.
Let us see the challenges that are faced by the industries
- A lack of awareness about energy consumption
- Increased operational costs due to high electricity bills
- Difficult to acquire accurate data
- There are no real-time energy insights
- Future energy requirements are unknown
- Energy reporting takes up far too much of your time
- Lack of Resources
- No Balanced Investment
The Internet of Things, Industry 4.0, and energy management can all be integrated to create the best solution that promises a bright future with lower prices and better performance.
In order to overcome the above-mentioned challenges, there is a need for a smart solution. Here, the byteFACTORY Smart Energy Data Acquisition system is implemented in the industries where the real-time data can be monitored without a need for manpower.
This system includes the industry IoT edge devices like smart energy meter, three-phase current transformer, IoT gateway, with these energy-sensing kits we can monitor the current, voltage, watt, and other parameters.
The industries have different machines on their shop floor, where this smart kit is mounted near the machines and through the ethernet, the energy parameters are sent through the OPC server. From the OPC server, the data are sent to the cloud.
With these cloud data, the industries can view their dashboards, monitor data insights, and more.
Using this byteFACTORY smart energy-sensing system, the operational managers can visualize the real-time energy consumption data for every machine and utility. From there, the industries can take predictive or preventive measures.
Every machine consumes energy based on its operation; therefore, energy management plays a major role in operating the industries, and let’s see the powerful benefits.
The benefits that the industries gain are,
- Get real-time energy insights for plant/ individual asset energy
- Avoid manual energy data collection
- Efficient energy and maintenance management
- Help to reduce operational costs
- Helps to predict future energy needs
- Achieving transparency
- Help to reduce energy consumption
- Realize savings
- Detect, diagnose energy efficiency by correlation & anomalies detection
- Predict future energy consumption
- Intelligent root cause analysis
Maxbyte has implemented Energy Data Acquisition System for various industries and demonstrated business value to the customers, and also, customers started to realize their benefits.