Energy procurement is a perfect example of a process where data and analytics are indispensable to take the right business decisions. But what if your data is spread across different plants worldwide? It doesn’t require a genius to tell you that storing that data in a central way by using the appropriate energy data management can solve this problem. However, the challenge is to get everyone on board as these local people will need to collect and share all that data with a central energy buyer.
Big data is only one of the drivers stimulating international companies to centralize their worldwide energy procurement. Deregulation of energy markets is often another driver. When markets are being deregulated, local buyers often ask their colleagues working in deregulated markets for their experience.
But centralizing energy procurement holds more benefits than shared expertise. Think about having a global strategy that excludes unwanted risks being taken in some corners of your organization.
Jens Lievens (COO at E&C) shares:
*Recording available as of July 9, 2020
The choice to either take actions and decisions on a central level or take them on a local level is not ideal. 60% of international companies would prefer a solution somewhere in between.