Smart Energy Management
Smart energy is one of the key elements of Industry 4.0 smart factory. Energy costs contribute up to 30-40% of the product manufacturing costs for most industries. The number is much higher in energy intensive industries such as steel, cement, chemical and non-ferrous metals. For these industries, a small percentage savings in energy consumption costs can lead to significant direct impact on profit margins. This can only be achieved through continuously monitoring energy consumptions and preventing energy wastage.
Persistent’s Smart Energy Management solution enable industries to reduce their energy expenditure. Smart Energy Management is based on industry 4.0 principles, and leverages internet of things (IoT) and Artificial intelligence to identify energy savings opportunities in real-time.
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