Benefits of Real-Time Utility Monitoring

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Imagine that your building’s energy consumption has risen unexpectedly. Rather than going down to the basement each morning and reading your utility meters, you simply log in to your management solution. With interval data, however, the information you receive has a 24-hour lag. This means that by the time you log in, the most recent data could be from Monday at 9am. This doesn’t give you a very accurate idea of what was happening in your building the previous day and through the night.

Quick detection of anomalies: When using real-time monitoring, you can see a sudden spike in energy consumption or water leaks as they happen, allowing you to take action before the problem escalates. It also makes it easier to identify equipment failures, so maintenance teams can fix problems quickly before they become more serious.

Improved Grid Stability: Real-time tracking enables utilities to monitor electricity flow within the grid and identify areas of high demand or congestion. This enables them to optimize resource allocation and ensures a reliable, stable power supply.

Enhanced Security: When combined with unsupervised machine learning, real-time tracking can “learn” access patterns for equipment and machinery, making it easier to predict when it might be at risk of theft or vandalism. This can be used to create more effective deterrence strategies that help reduce crime rates.

Boosts Return on Investment: Real-time tracking allows building owners to better understand their energy usage and make smarter decisions about how to manage it. For example, you can learn your building’s base load – how much energy it uses when everything is turned off – and then cut back on this usage to save money. real-time utility monitoring

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