Leveraging the Internet of Things and Analytics for Smart Energy Management

Abstract
The rising cost of energy is causing organizations to evaluate smart ways of saving
energy. Energy suppliers are increasingly penalizing organizations that use
inefficient assets or devices with a low power factor. Simultaneously, governments
are raising the bar for compliance with energy standards and reduction in carbon
footprints. Smart energy management systems (EMS), combined with the Internet
of Things (IoT), provide the ideal solution for these pressing challenges by
supporting radical changes in the way energy consumption is monitored and
managed.
This paper examines how the combined power of the IoT and energy management
systems can revolutionize energy management. It illustrates how these systems
leverage information collected through different devices to automatically control
operational parameters and minimize energy consumption across buildings or
campuses. The paper also highlights the role of analytics in optimizing energy
management by helping organizations make holistic sense of the large volumes of
data gathered by various devices.