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Energy Management Requires a Streaming Data and Event Infrastructure
White Paper:
Energy Management Requires a Streaming Data and Event Infrastructure
FEATURED WHITE PAPER
Energy Management Requires a Streaming Data and Event Infrastructure
Any company that values sustainability should consider developing a corporate energy management strategy. Not only is energy a major component of most businesses production costs; the last 30 years have taught us that energy price volatility is here to stay. What leaders of nations are seeking policy solutions for, business leaders should be seeking in their corporations — securing reliable supplies of energy at a reasonable price and the efficient use of energy. What was once the sole domain of energy traders and analysts must now be taken up by senior management. Senior management need to be actively involved in framing a corporate energy management policy and strategy. For most industries, the cost of energy is outpacing all other variable costs. For example, the cost of natural gas increased over 250 percent from 1993 to 2006. The cost of fuels and power increased over 110 percent during this same period; the bulk of the increase, 81 percent, occurring in the last 4 years. Managers are asking, “What can we do to better manage these costs?” “How can we better utilize our valuable renewable and nonrenewable resources?” Companies must be part of the national and global energy sustainability solution. This paper looks at the role of a Streaming Data and Event Infrastructure as an enabler in facilitating an Energy Management Strategy.
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