Whether you’ve already invested in meter data or are considering adding this data to your current programs, there are three myths that often prevent companies from maximizing the value of meter analytics.
MYTH 1: THE TECHNOLOGY IS TOO EXPENSIVE
Emerging technologies in both metering hardware and software, coupled with increasing demand, have changed the landscape. These advancements in technology provide affordable opportunities that have previously prevented adoption—and we believe this trend will continue.
MYTH 2: THE LACK OF INTERNAL EXPERTISE OR BANDWITH TO TAKE ACTION
Meter data doesn’t have to be complex; the same principles apply as with traditional bill data. While utility bill data is the foundation to a strong energy and sustainability management strategy, meter data is a great next step in understanding more about your organization’s resource consumption and trend analysis—and issue identification remain the standard principles. If bandwidth is an issue for your company, partnering with a third party can provide the support you need.
MYTH 3: THE VALUE BEGINS AND ENDS WITH ENERGY SAVINGS
Energy savings is a big part of it, but not the whole picture. Meter data is appealing to the broader organization as it provides valuable insights that support:
- Energy budget management
- Variance analysis
- Measurement and verification of energy efficiency projects
- Improved facility maintenance programs
- Operational efficiencies
Watch Ecova and our partner, Lucid, debunk these three myths of meter data analytics in our on-demand webinar.