what data drives your business decisions?

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What Data is Driving Your Business Decisions Presenters: Suzanne Figy, Senior Product Director, C&I and Sherry Robinson, Director, Solutions Engineer with Ecova Date: 1.16.14

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Good or bad? Learn common pitfalls to avoid and ways to leverage good data.

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Page 1: What Data Drives Your Business Decisions?

What Data is Driving Your Business Decisions

Presenters: Suzanne Figy, Senior Product Director, C&I and Sherry Robinson, Director, Solutions Engineer with EcovaDate: 1.16.14

Page 2: What Data Drives Your Business Decisions?

Agenda Data challenges and opportunities 3 Common data errors and inaccuracies Create a solid foundation Leverage data across your organization Summary Upcoming webinars Q&A

Page 3: What Data Drives Your Business Decisions?

Utilities Rank in Top 3 Operations ExpensesMulti-site operators have tremendous challenges and tremendous opportunity

CHALLENGES highly unstructured utility invoice data geographically dispersed locations missing invoices and corrected invoices a constant changing inventory of locations and

organizational structures

Page 4: What Data Drives Your Business Decisions?

Incorrect, Incomplete Data Sets

Erodes trusts, creates confusion and invokes chaos

Extends beyond a single mistake Spirals through organization

− Unclear results− Missed opportunities− Bad Investments

Compounded by overwhelming amounts of data

Page 5: What Data Drives Your Business Decisions?

1. Unpredictable Billing Practices

Vendor bundled 3 months of services into single bill, then re-billed each individual month.

Creates accrual discrepancies

Finance wants to know why accruals and trending is off!

Page 6: What Data Drives Your Business Decisions?

Cancelled bills led you to invest in a site that was operating fairly efficiently, instead of true outlier / laggard sites

Leads to a series of bad investments Inability to deliver anticipated results for

efficiency projects you invested capital funds into. What happened?

2. Inaccurate Cost and Consumption DataYour boss wants you to report ROI of capital investments

Page 7: What Data Drives Your Business Decisions?

Complicated, Unpredictable Billing

Unbundled billing between LDC and supplier, double count KwH and contract commitments made based on incorrect usage amounts

You are receiving penalty billing for not meeting contracted usage requirements

You received penalty billing for not meeting contracted usage

Page 8: What Data Drives Your Business Decisions?

What Data is Driving Your Decisions?

DATA SOURCEA multitude of disparate data sources often result in incomplete, inaccurate data being used for critical decisions. constant merging of new and

changing facility inventory cost, usage, and weather

data equipment inventory data

contained in spreadsheets and/or databases

Page 9: What Data Drives Your Business Decisions?

Quality Data . . . It’s in our DNA

QUALITY ASSURANCE up to 6% percent of client invoices are reissued by utilities over 9% of utility accounts have missing or late invoices

Page 10: What Data Drives Your Business Decisions?

Good Data Builds Trust and Delivers Results

Track, measure and report Communicate and share Gain visibility and drive strategic insights

Leverage Across Your Organization

Page 11: What Data Drives Your Business Decisions?

Leverage Data for Strategic Insights

Assess your current energy management program

Provide guide to implementing a best practice approach

Page 12: What Data Drives Your Business Decisions?

Data Helps you to Identify Outliers

Page 13: What Data Drives Your Business Decisions?

Energy Procurement

Ensure optimal rate analysis is performed Watch for hidden charges (e.g. leases, etc,) Accurate data for supply contracts

Capture Accurate, Consistent Data

Electric MarketsNatural Gas Markets

Page 14: What Data Drives Your Business Decisions?

SummaryCombine Data and Expertise for Strategic Results

Page 15: What Data Drives Your Business Decisions?

Upcoming Ecova Webinars

INSIDE ENERGY & SUSTAINABILITY The Ecova Blueprint: Breaking Down the Complexity of

Energy & Sustainability Management – January 23rd 11am PST

3 Telecom “Power Moves” to Rock 2014 Savings & Performance! – January 22nd and January 29th

DIAL IN THE SAVINGS SERIES

Questions, comments, suggestions? [email protected]

Page 16: What Data Drives Your Business Decisions?

Q&A

Page 17: What Data Drives Your Business Decisions?

Thank you!