Energy Management
The Best Energy Analytics Software Solutions for Enterprises in 2024
There are many reasons why there is a growing need for higher energy efficiency in commercial facilities nowadays. These include:
- Rising energy costs: The cost of energy has been rising steadily in recent years, and this trend is expected to continue. As a result, businesses are under increasing pressure to find ways to reduce their energy consumption.
- Government regulations: Governments around the world are increasingly enacting regulations that require businesses to improve their energy efficiency. These regulations are designed to reduce greenhouse gas emissions and improve air quality.
- Sustainability goals: Many businesses are setting sustainability goals, such as reducing their carbon footprint or becoming carbon neutral. Improving energy efficiency is a key part of achieving these goals. Learn more on IoT-Powered Sustainability Management
- Customer demand: Customers are increasingly demanding that businesses take steps to reduce their environmental impact. As a result, businesses that are seen as being environmentally friendly are often seen as being more attractive to customers.
There are many ways commercial facilities approach energy efficiency, including investing in energy-efficient equipment, retrofitting, and installing renewable energy sources.
Integrate asset and energy management for real-time building performance
However, these measures are very capital intensive, require a lot of work and individual integrations at a system/site level, and are slow to show returns - all good reasons why enterprises are often left puzzled about where to start.
If you think about it, the most logical choice would be to understand how your current systems are performing, find ways to optimize their energy consumption, and then invest in newer equipment or retrofits based on data-driven insights.
That's precisely what energy analytics software helps you do.
Why energy analytics are So important
Energy analytics is the process of collecting, analyzing, and interpreting energy data to improve energy efficiency and sustainability.
Energy analytics can be used to:
- Identify energy leaks: Energy analytics can be used to identify areas where energy is being wasted. This can be done by analyzing energy data to identify patterns and trends.
- Reduce energy costs: By identifying and fixing energy leaks, businesses can reduce their energy costs. This can lead to significant savings over time.
- Improve energy efficiency: Energy analytics can be used to improve the energy efficiency of buildings and equipment. This can be done by making changes to building operations, such as improving insulation and sealing air leaks.
- Increase sustainability: Energy analytics can be used to increase the sustainability of businesses and organizations. This can be done by reducing energy consumption, investing in renewable energy, and improving energy efficiency.
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How do energy analytics software work?
Energy analytics software uses statistical software, big data, and machine learning techniques to identify trends, optimize operations, and reduce costs.
Here are some of the ways that energy analytics software works:
- Data collection: Energy analytics software collect data from a variety of sources, including smart meters, sensors, and weather data. This data is collected in real-time, or historical data can be analyzed.
- Data analysis: These software use statistical and machine learning techniques to analyze the collected data to identify trends, patterns, and anomalies.
- Reporting and visualization: They also generate reports and visualizations that help users understand the data. These reports and visualizations can be used to identify areas for improvement, make decisions, and take action.
Let's dive right into the 10 top best energy analytics software we found from real user reviews across the internet to help ease your evaluation journey.
Top 10 best energy analytics software in 2024
- Facilio
- DEXMA
- Wattics
- Galooli
- Watchwire
- EnergyCAP
- ETAP Energy Management System
- EnergyElephant
- Autodesk Green Building Studio
- RETScreen
Facilio
Facilio is a cloud-based property operations platform that helps businesses manage their energy consumption, assets, and maintenance. With its Connected Building solution, it offers various features, including:
- Utility tracking and benchmarking
- Energy analytics and business intelligence
- Fault detection and diagnostics
- Cloud-based optimization
Facilio's Connected Buildings solution stands out with its capability to seamlessly provide in-depth and actionable insights on portfolio-wide energy consumption in real-time and on a single screen.
It enables you to leverage real-time IoT data and comprehensive reports to enhance energy efficiency, optimize asset performance, improve occupant comfort, and manage energy and water consumption.
It also gives you access to detailed data with asset-wise sub-metering and project site/portfolio consumption for better insights and planning.
Next, you can build personalized dashboards focusing on the key Energy Performance Indicators (EnPIs) that are most relevant to you, gaining valuable insights into your energy performance.
Set alarms to receive notifications for any deviations from set thresholds, allowing you to identify and address inefficiencies or abnormalities in your assets or buildings.
Keep a constant track of your asset or building's energy efficiency improvements, enabling data-driven decision-making for optimizing energy usage.
You can also visualize energy consumption and performance with heatmaps to simplify data plotting.
If you need to dive deeper into something, just click on the area of interest and zoom into specific data points within the heatmap.
Facilio is a complete toolkit for energy efficiency for your entire portfolio!
What users think about Facilio:
Azelea C, who works in the real estate industry and has been using Facilio everyday for almost a year, calls Facilio a "Great product and team to work with!"
In her words,
Dashboard that can centrally present the live data of the building systems. It's been a game changer to have all disparate systems in one place. Historical data is stored and easily accessible on the platform.
Once the user knows the terminology it's relatively easy to filter the information needed. The ability to segment the data and build widgets for different user groups. Open platform that connects easily to other open API systems.
Rating - 4.0 ⭐️⭐️⭐️⭐(Based on Capterra reviews )
See why top CRE leaders are betting their future on data-driven O&M, Check out
DEXMA
DEXMA offers comprehensive energy management solutions, focusing on data analysis, energy monitoring, and efficiency optimization. Its unique offering lies in its advanced algorithms and machine learning capabilities. DEXMA caters to industries such as facility management, retail, and manufacturing.
Wattics
Wattics specializes in energy analytics and measurement solutions, offering detailed energy monitoring, analysis, and reporting. It differentiates itself with its advanced submetering capabilities and energy disaggregation techniques. Wattics serves industries like healthcare, data centers, and retail.
Galooli
Galooli focuses on energy management and optimization, providing solutions for energy monitoring, asset management, and predictive maintenance. Its unique offering includes IoT-enabled sensors and predictive analytics. Galooli serves industries such as telecommunications, manufacturing, and utilities.
Watchwire
Watchwire offers energy management software that enables organizations to monitor, analyze, and optimize energy usage. Its distinctive feature is its customizable dashboards and reporting tools. Watchwire caters to industries including commercial real estate, education, and government.
EnergyCAP
nergyCAP specializes in energy management and tracking software, offering features such as utility bill management, data analysis, and reporting. Its unique offering is its robust utility bill processing capabilities. EnergyCAP is relevant to industries like education, government, and healthcare.
ETAP Energy Management System
ETAP Energy Management System provides a comprehensive suite of energy management tools, including energy monitoring, load optimization, and demand response. It stands out with its integration capabilities with power system analysis software. ETAP is relevant to industries such as utilities, manufacturing, and oil and gas.
EnergyElephant
EnergyElephant offers energy data management and analytics software, focusing on data visualization, benchmarking, and energy reporting. Its unique offering is its cloud-based platform and API integrations. EnergyElephant caters to industries including commercial real estate, healthcare, and hospitality.
Autodesk Green Building Studio
Autodesk Green Building Studio is a building performance analysis software that enables energy modeling and simulation for sustainable building design. Its unique offering lies in its integration with Autodesk's design and engineering tools. It is relevant to industries involved in building design and construction.
RETScreen
RETScreen is an energy management and analysis software that provides tools for evaluating energy efficiency and renewable energy projects. Its unique offering includes access to a vast database of clean energy technologies and resources. RETScreen is relevant to industries involved in renewable energy projects and sustainability initiatives.
Picking the right energy analytics software for your organization
There are many factors to keep in mind while evaluating energy analytics software. Here are a few of the most important ones:
- The software should be able to access and analyze a wide range of energy data, including historical data, real-time data, and predictive data.
- It should be able to perform a variety of energy analyses, such as forecasting, optimization, and risk assessment.
- It should be able to generate reports that are clear, concise, and easy to understand.
- If it's complicated, nobody will use it. So, ensure the software is easy to use for both technical and non-technical users.
- Check the software's ability to integrate with other systems and applications.
By carefully considering all of these factors, you can choose the energy analytics software that is right for your organization.
Facilio has a proven track record of improving energy and carbon efficiency in building operations for a number of clients. Here's what you can expect:
- A 20% increase in energy cost savings
- Only < 6 months from implementation to see RoI
- 30% reduction in energy consumption
Interested in exploring Facilio's Connected Buildings solution for your organization? Get in touch!
