Renewable or clean energy has been making great strides in recent years. People are now more aware of the effects of carbon footprint they and industries can create. As a result, the push for going clean has gained significant traction.
The global renewable energy market will reach $1,512 billion by 2025 from $928 billion in 2017. The mass adoption of clean energy is making businesses in the industry work hard. Many are grappling without a standard mode of operation and underutilization of data.
Fortunately, existing technologies like cloud computing and IoT are lending a helping hand. Let’s explore how we can use cloud and Internet of Things to help clean energy businesses become efficient and productive.
Challenges of Renewable Energy Industry
The growth of renewable energy has been exponential in the commercial, industrial, and residential sectors. Businesses providing clean energy services like electricity are often lost in the data and processes. They don’t have an adequate system of tracking performance, preventing downtime, or deriving insights from customer data and behaviors.
As a result, businesses are not able to make strategic decisions and suffer from a lack of visibility into their operations.
How Can Cloud and IoT Help Businesses
IoT is an excellent way to collect data from the field. Through sensors, you can track the performance of your equipment and even the status of every installation in a building or facility.
Best of all, the data collected is in real-time and provides complete visibility into your infrastructure. Cloud computing comes with the perks of data storing, processing, and analysis. You can store data collected from the field, process them, and use analytical tools to derive meaningful insights.
Cloud gives you a centralized platform to unify your operations. You can have a dashboard to control your services and get a snapshot of vital processes.
Automation is another benefit that cloud brings to the table. Among other processes, you may automate monitoring your systems and networks to identify and prevent issues. You can get instant alerts if anything goes wrong, and timely action is possible without exceptions.
Data analytical tools in the cloud can help you discover patterns that even allow you to predict downtime. As a result, you can get proactive and achieve optimum uptime.
Having your data on a centralized platform on the cloud helps you in real-time reporting. You can create custom reports on the fly, focusing on any business process you choose.
Cloud also makes data visualization an easy game and information easy to digest. The process helps you quickly make meaning of your data and lay the foundation for strategic decisions.
Many cloud providers like AWS have integrated IoT into their offerings. Businesses can take advantage of a readymade environment to harness data and run analytical processes. The suite is complete with storage, processing power, and a range of vital functions.
Moving to the cloud with support for IoT can be a game-changer for clean energy companies. It is an affordable way to boost productivity and gain real-time visibility into your operations. Additionally, you will be able to cut costs and utilize your resources properly.