Utility Financial Intelligence Platform

As an average facility may waste 30% of the power it consumes or even more due to insufficient optimization, EOS Labs, a computer program financial technology and cleverness company, in July to greatly help building supervisors ensure facilities are usually operating at optimum amounts launched.

The requirement for determining where structures can cut energy expenses has increased lately, because of the COVID-19 crisis and resulting financial downturn-and the spotlight has been positioned on this matter as buildings were still left partially empty for a few months and were not power optimized. EOS Labs is put to solve this problem and assist facility supervisors in delivering both instant and long-term cost benefits strategies.

In add-on to automating and centralizing utility information, EOS Labs’ Utility Financial Cleverness (UFIQ™) platform utilizes AI and advanced analytics to help expand analyze intelligent meter and interval utility information, define anomalies wasting power, and deliver actionable insights to aid decisive action for service managers across vertical industrial sectors. These economic insights are altered for weather conditions, occupancy, and particular building intake variables, helping companies to get rid of energy waste without pricey building upgrades, along with increase savings.

The UFIQ information intelligence engine supports a bunch of programs at the utility side and customer side of the meter. It gathers useless seemingly, inactionable AMI interval information and meaning and context particular to each building through the use of remote cleverness and linking meter information to load functions.

The platform’s added value offers an intelligence powered choice center that hosts all information linked to utilities and energy, such as for example billing itemized information, weather, business and building operational information, and more.

“Today, building supervisors across vertical markets are usually inundated with information, and many technology equipment available actually harm operational efficiencies by increasing unnecessary alarms that slow cost-saving choices,” said Sal Alhelo, CEO and founder. “Currently, when building supervisors receive an alarm or alert from their utility or BMS management software program, those alarms are dealt with at the same degree of urgency, which doesn’t enable concentrating on the alarms which have the most effect on an organization’s important thing. It is a continual problem for facilities supervisors and something we are looking towards helping them resolve.”

How it Works

With a concentrate on increasing efficiencies for facilities across Education and learning, Healthcare, Banking, Hospitality, Retail, Fitness, along with other marketplaces, EOS Labs takes the info factors that directly impact a company’s important thing and prioritizes those data factors to find out which alarms need immediate action.

Information collected by EOS Labs is presented to developing facility supervisors via dashboards containing simplified and actionable financial insights and custom made alerts. EOS Labs automates a lot of the analysis and also the review procedure, providing customers with an easy task to digest insights constructed on the clients’ priorities and targets. EOS Labs offers any alarming information, enabling immediate action, providing just how long an presssing issue has been around effect together with the associated costs.

For structures with existing IoT-enabled creating management techniques (BMS), UFIQ has an added component of financial intelligence. To raise the existing platform, UFIQ eliminates the critical and costly blind spot within energy administration that typical fault recognition algorithms may miss.

“During emergencies just like the COVID-19 pandemic, it really is more important than ever before in order to manage utilities effectively plus oversee usage across amenities quickly,” added Alhelo. “The excess layer of presence ensures building supervisors can minimize energy usage of assets.”

UFIQ provides that presence to the complete building’s energy financial efficiency within alignment with the Global Efficiency Measurement and Verification Process (IPMVP) and equips supervisors with the financially audio guidance they have to operate and adjust BMS to attain optimal energy financial savings.

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