Deloitte Reports Energy Management Past Point of No Return
Deloitte recently released its heavily-cited Resources 2015 Study, part of an annual series that surveys electricity customers across the United States. The 2015 report unapologetically confirmed that deliberate, intelligent energy consumption is critical to getting ahead in business. Results corroborated the 2014 report, which found that energy management had passed a tipping point.
Chief among the findings was that for businesses, standard energy management practices (e.g., spreadsheets and decentralized departments) are no longer viable options and actually no longer standard at all. Instead, intelligent, software-based energy solutions are required—not nice to have—to remain competitive in the global market.
The authors also noted that energy management has passed a point of no return; both businesses and consumers cannot afford to ignore its importance moving forward, as greater energy intelligence, and reliability are now at the forefront of sound business strategy. In the future, more and more companies will strive to increase operational efficiency and reduce energy consumption.
The business section of the report (the report also covers home energy consumers) is based on findings from more than 600 decision-makers at US companies with annual revenues of less than $100 million revenue to more than $500 million.
If you’re trying to make the case at your organization for the kind of software-based energy solution the study supports, these findings from will help strengthen your position:
- 79% of businesses responded that reducing electricity costs is necessary to remain competitive in their respective markets.
- 57% have established formal energy reduction goals, an uptick from 46% in the 2014 report.
- A vast majority (93%) of businesses have allocated budget to energy management over the past 3 years, tallying 17% of total capital budgets.
- Cost-cutting is no longer the sole reason for energy management adoption – internal motivations, betterment of the corporation and competitive advantage were all cited by upwards of 35% of respondents.
- Self-reliance is trending upwards, with 55% of businesses reporting they generate a portion of their electricity on-site. A greater majority (~65%) existed within the technology, media, telecommunications, and healthcare fields.
Companies are turning to energy intelligence software to gain the competitive edge an effective corporate energy management strategy can deliver. Thanks to tools that help increase operational efficiency and reduce energy consumption, leading companies are taking more risks and seeking innovative ways to optimize their energy consumption and reduce their energy expense.