What Data is Driving Your Business Decisions
Presenters: Suzanne Figy, Senior Product Director, C&I and Sherry Robinson, Director, Solutions Engineer with EcovaDate: 1.16.14
Agenda
Data challenges and opportunities
3 Common data errors and inaccuracies
Create a solid foundation
Leverage data across your organization
Summary
Upcoming webinars
Q&A
Utilities Rank in Top 3 Operations ExpensesMulti-site operators have tremendous challenges and tremendous opportunity
CHALLENGES highly unstructured utility invoice data geographically dispersed locations missing invoices and corrected invoices a constant changing inventory of locations and
organizational structures
Incorrect, Incomplete Data Sets
Erodes trusts, creates confusion and invokes chaos
Extends beyond a single mistake Spirals through organization
− Unclear results− Missed opportunities− Bad Investments
Compounded by overwhelming amounts of data
1. Unpredictable Billing Practices
Vendor bundled 3 months of services into single bill, then re-billed each individual month.
Creates accrual discrepancies
Finance wants to know why accruals and trending is off!
Cancelled bills led you to invest in a site that was operating fairly efficiently, instead of true outlier / laggard sites
Leads to a series of bad investments Inability to deliver anticipated results for
efficiency projects you invested capital funds into. What happened?
2. Inaccurate Cost and Consumption DataYour boss wants you to report ROI of capital investments
Complicated, Unpredictable Billing
Unbundled billing between LDC and supplier, double count KwH and contract commitments made based on incorrect usage amounts
You are receiving penalty billing for not meeting contracted usage requirements
You received penalty billing for not meeting contracted usage
What Data is Driving Your Decisions?
DATA SOURCEA multitude of disparate data sources often result in incomplete, inaccurate data being used for critical decisions. constant merging of new and
changing facility inventory cost, usage, and weather
data equipment inventory data
contained in spreadsheets and/or databases
Quality Data . . . It’s in our DNA
QUALITY ASSURANCE up to 6% percent of client invoices are reissued by utilities over 9% of utility accounts have missing or late invoices
Good Data Builds Trust and Delivers Results
Track, measure and report Communicate and share Gain visibility and drive strategic insights
Leverage Across Your Organization
Leverage Data for Strategic Insights
Assess your current energy management program
Provide guide to implementing a best practice approach
Data Helps you to Identify Outliers
Energy Procurement
Ensure optimal rate analysis is performed Watch for hidden charges (e.g. leases, etc,) Accurate data for supply contracts
Capture Accurate, Consistent Data
Electric MarketsNatural Gas Markets
Summary
Combine Data and Expertise for Strategic Results
Upcoming Ecova Webinars
INSIDE ENERGY & SUSTAINABILITY The Ecova Blueprint: Breaking Down the Complexity of
Energy & Sustainability Management – January 23rd 11am PST
3 Telecom “Power Moves” to Rock 2014 Savings & Performance! – January 22nd and January 29th
DIAL IN THE SAVINGS SERIES
Questions, comments, suggestions? [email protected]
Q&A
Thank you!
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