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Product Development 4 Sep, 2024
24 Jul, 2024
9 min read
While renewable energy and smart technologies have become buzzing trends, businesses globally still struggle with monitoring and optimizing their energy consumption. An effective EMS software could be a transformative solution for that.
Energy management system (EMS) software is a powerful tool for optimizing energy usage. It is a software solution designed to assist businesses and households in monitoring, scrutinizing, and maintaining their energy consumption for long-term operational planning.
EMS solutions provide a comprehensive and data-driven approach to tackling energy-related challenges. They empower businesses to make more conscious decisions to drive long-term cost savings and achieve sustainability goals.
In this guide, we discuss the predominant reasons you must invest in an EMS software solution, the features an EMS software must have, and how to get started with your own EMS.
In the face of rising energy costs globally, progressive sustainability principles and the need to reduce carbon footprints on the planet have made energy management vital for all industries.
According to World Bank reports, global energy costs have shot up by around 75% in the last five years, which has heightened awareness of energy saving among businesses worldwide. It has become a critical concern for all who balance their energy use. No matter their size, every company is going to be impacted.
Organizations with reliable EMS system software can make data-driven energy decisions, self-regulate different energy-saving actions, and optimize their overall energy use. This has further enhanced environmental impact and overall energy resilience.
Here are a few more reasons to get your own EMS software:
Reliable and high-performing EMS solutions help you with data and insights for saving energy. This software has unique features that help your business make sensible, data-driven decisions for your energy-saving strategy.
Whether it is investment planning or energy procurement, these innovative EMS solutions are capable of assisting business leaders with the visibility and analytics they need to optimize energy use and spending.
EMS solutions help businesses identify and address potential energy-related issues. They have real-time data monitoring functionality along with anomaly detection that can identify and address all issues before they escalate. This can yield large profits by reducing the risk of description and costly system repairs.
Today’s global states are eager to mitigate the adverse effects of climate change, with a target of net zero carbon emissions by 2050. This will, in turn, foster extensive opportunities for market prosperity in the future.
Businesses that balance their energy usage through environmentally sustainable EMS software can significantly lower their carbon footprint and environmental impact, supporting broader sustainability goals.
The current energy management market is constantly maturing. In the next four years, it is expected to reach a value of 4.6 US Dollars with an annual ground rate of 11.09%. This market rapidly grows in response to the invention of different technologies and tools, making it requisite for businesses to stay ahead of the curve.
Investing in smart software solutions to save energy in this market will be an effective and competitive strategy for future-proofing operations.
When it comes to Energy Management Systems (EMS), businesses have mainly two main choices: on-premises or cloud-based deployment models. Let’s have a quick comparison of the key differences and considerations for each:
Many organizations opt for cloud-based EMS solutions, as the reduced IT burden, faster time to value, and scalability benefits often outweigh the potential tradeoffs. However, on-premises EMS can still make sense for enterprises with specific needs, strict compliance requirements, or robust in-house energy management capabilities.
Energy management software must provide detailed load profiles to help users understand the system’s different energy consumption patterns. This includes tracking energy use over time, circuits, and equipment. The software should also be capable of identifying peak demands, load factors, and anomalies in overall energy usage.
A reliable energy management system must have data visualization capabilities for energy management use cases. It should offer a range of charts, graphs, and dashboards to present energy data intuitively and insightfully for stakeholders. This lets users quickly identify trends, track performance, and uncover optimization opportunities.
EMS solution’s benchmarking features let users compare their energy performance against industry standards, similar facilities, or their own historical data. This provides context and helps set realistic targets for improvement.
Quick notifications and alerts can enable EMS software users to swiftly determine and react to different issues like equipment failures, anomalous usage, or approaching thresholds. The software should be capable of sending notifications via email, SMS, or in-app alerts for timely actions.
The cost allocation functionality within your EMS solution allows organizations to accurately attribute energy expenses to specific departments, processes, or cost centers. This further supports better budgeting, accountability, and optimization.
An EMS solution will have multiple connectivity features to connect and integrate with a wide range of energy-consuming devices, meters, and building management systems. It helps users with a comprehensive view of energy usage across an entire facility or portfolio.
Energy management systems today need smart artificial intelligence features to automatically spot and execute energy-saving opportunities, such as adjusting schedules, setpoints, and equipment operations.
Other AI-driven features include smart grids, which are electricity supply networks that utilize digital communications technology to detect and respond to local changes in usage.
Similarly, AI-powered sensors can be integrated into energy management software to detect equipment failures before they happen, reducing energy outages by 30% compared to traditional methods.
The development process at Cubix starts with in-depth research and analysis, which is prime for understanding different requirements and energy management challenges. This includes studying energy consumption patterns, identifying areas for improvement, and evaluating potential cost-saving opportunities for clients.
Clearly defining the goals and objectives of the EMS software is crucial, as it helps experts at Cubix provide you with a complete roadmap for development. This includes setting specific targets, such as reducing energy consumption by a certain percentage or balancing energy usage in certain areas. These well-defined goals and objectives will play a prime role in the software’s success.
The next step is to design the architecture of the energy management software. Here, design experts at Cubix will help you determine the requisite features and functionalities, such as real-time monitoring, data analytics, and complete energy reporting. The EMS software must prioritize an enticing UI/UX experience and should be adaptable for future integrations.
Once the architecture is clearly defined, the development process begins immediately. The development included coding, testing, and debugging the EMS software to set a seal on its functionality and reliability. It is paramount to work with best practices during its development and consider factors like security, data privacy, and cross-platform compatibility.
Energy management software unconditionally relies on data from various sources, such as smart meters, sensors, and energy monitoring systems. Consolidating data from multiple sources into the software will help users monitor and analyze the data accurately. This may involve preparing distinct data connections, APIs, or import/export functionalities.
An EMS solution must provide users with valuable insights that can assist them in making informed energy decisions. The software can be blended with advanced analytics techniques, such as machine learning, to enhance its ability to identify and optimize energy-saving opportunities.
The software needs full testing and quality assurance right before deployment to ensure that the EMS software functions as intended. This includes testing, validating data accuracy, and addressing bugs during testing. The software can be further refined based on user feedback and usability testing for responsiveness and reliability.
Once the software is tested and ready, teams at Cubix help with its deployment for your intended users. For optimal usage, users may need training. Partnering with a reliable software development company like Cubix with a team and resources for training sessions will assist your users in effectively utilizing the software’s features and functionalities.
The future of energy management software (EMS) appears promising and full of opportunities for individuals and institutional investors. With growing concerns over climate change and the need for sustainable energy solutions, the energy management market is poised for significant growth.
The current global energy management market is valued at around $40.7 billion, which is expected to continue rising in the coming years. Several key trends are anticipated to shape the future of EMS software:
There is a growing shift towards cloud-based energy management software that can be accessed remotely, anywhere, anytime, when required. In the future, users will prefer convenience more than others, while cloud-based solutions ensure that your data is easy to use and all in one place, resulting in less need for on-premises infrastructure.
Cubix believes in the power of the cloud. That’s why our teams are building cloud-based energy management software with more frequent updates, remote monitoring, and centralized data management.
Almost every EMS software developed today is integrated with the Internet of Things (IoT) for a vast user base. Such software with IoT integrations can attach to a wider range of energy-related devices, sensors, and distributed energy resources.
With these integrations, Cubix’s EMS solutions offer numerous benefits, including easy energy optimization and cost-intelligent energy system management. Furthermore, they can collect data from IoT devices for measurement and analytics, enabling more efficient energy management strategies.
The data shows that AI adoption in the energy sector could result in a 20% increase in energy efficiency by 2035. At Cubix, we integrate innovative Artificial Intelligence and machine learning capabilities into energy management software to enable more advanced analytics, predictive maintenance, load forecasting, and automated decision-making.
Furthermore, Cubix believes in the responsible use of AI to achieve sustainability goals. Therefore, we are leveraging the latest AI models to help companies identify energy optimization opportunities, reduce digital waste, and make this world a better place to live.
Cybersecurity today serves as a frontline line of defense against a large number of data threats or digital breaches. According to statistics, approximately 800,000 people in the USA face ransomware attacks and data breaches every year. This increases organizations’ focus on prioritizing robust data security measures in the future while having their own EMS software.
Cubix ensures enough security measures, ensuring secure data transmission, access controls, and resilience against cyber threats targeting energy systems. Furthermore, Cubix prioritizes compliance with industry standards and continuous monitoring so that our solutions are secure, scalable, and resilient against emerging threats.
Energy management software can leverage the power of blockchain to cater to increasingly decentralized peer-to-peer energy trading demand. The decentralized energy trading platforms are gaining traction every day.
Our decentralized EMS solutions at Cubix allow consumers, prosumers, and distributed energy resources (DERs) to buy, sell, and trade energy directly without relying on a central authority. We recognize that utilizing blockchain within the energy management domain can help create a secure, transparent, and tamper-resistant ledger for energy transactions.
Read our “Blockchain for Energy Transparency” blog to learn more details.
This table overviews the important cost components involved in building an EMS. The actual costs can vary based on specific project requirements, the length of the development team, and other factors involved in the development process.
Cost Factor | Details | Anticipated Cost |
Simple EMS | $20,000 to $50,000 | |
Standard EMS | $50,000 to $150,000 | |
Advanced EMS | $150,000 to $250,000 | |
Development Team | Project Manager | $80 to $150 / hour |
Software Developers | $50 to $150 / hour | |
UI/UX Designers | $40 to $120 / hour | |
QA Engineers | $30 to $100 / hour | |
Data Scientists | $70 to $200 / hour | |
Tools & Technologies | Backend Development | $20,000 to $80,000 |
Frontend Development | $10,000 to $40,000 | |
API Integration | $5,000 to $20,000 | |
Other Costs | Infrasture (Cloud, Servers) | $10,000 to $50,000 / annually |
Maintenance and support | $10,000 to $40,000/ annually | |
Licensing Fees | $5,000 to $20,000 / annually | |
Training & Onboarding | $5,000 to $20,000 | |
Total Projected Cost | $50,000 to $250,000 |
Ready to unlock the potential of innovative energy solutions but unsure where to start? Cubix is a preferred choice for global organizations aiming for high-performing Energy Management System (EMS) software solutions.
We house a team of 350+ proficient software developers with profound expertise in developing innovative EMS platforms that meet the requirements and significantly benefit organizations. Here is what makes us stand out:
Contact us now to take full control of your energy with our extraordinary energy management software solutions to save energy and money.
What is an Energy Management System?
An Energy Management System (EMS) is a comprehensive application that collects, analyzes, and visualizes data from an organization’s entire energy infrastructure. This includes things like electricity meters, HVAC systems, lighting controls, renewable energy sources, and any other energy-consuming or generating equipment to help organizations optimize their energy usage, reduce costs, and improve sustainability.
How many types of energy management system software are there?
What are the four components of an energy management system?
An energy management system has four main components to optimize energy usage and achieve energy management goals: data collection, data analysis, automation, and optimization.
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