Energy Management Software: A Veritable Game Changer for the Modern-Day Business Enterprise

Authors

  • Sutapa Ray SAP Senior Consultant and Trainer Kolkata

DOI:

https://doi.org/10.33516/maj.v59i11.52-57

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Abstract

The growing adoption of green energy is set to transform industries, trade and commerce. To put a halt to global warming, emissions need to be cut down by almost half by 2030 and reach net-zero by 2050. To achieve these phased targets, it is imperative that industrial, commercial and public sector organisations across the globe meet all energy regulation norms and environmental guidance, and adopt best of breed green energy technologies. They should put an end to their dependence on fossil fuels. The need is both acute and enormous in the same breath. All utility companies, industrial and commercial spaces, government organizations, other large enterprises and small to medium sized enterprises have to run their operations in such a manner which will either directly or indirectly help to diminish carbon footprint by reducing the emission of greenhouse gases. Energy Management System plays a crucial role of collecting and analysing energy usage data of corporates and comparing their individual energy consumption with industry standards/ baselines to help achieve environmental sustainability and energy efficiency.

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Published

2024-11-22

How to Cite

Ray, S. (2024). Energy Management Software: A Veritable Game Changer for the Modern-Day Business Enterprise. The Management Accountant Journal, 59(11), 52–57. https://doi.org/10.33516/maj.v59i11.52-57

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