Questions and Answers
What is the primary function of the Virtual Energy Manager (VEM)?
How does VEM contribute to energy efficiency?
Which aspect of VEM supports decision-making regarding energy management?
What is a key benefit of the VEM for customers?
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Which of the following best describes the role of the Physical Energy Manager (PEM) in relation to VEM?
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What components make up the Virtual Energy Manager (VEM)?
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How does the Virtual Energy Manager help in monitoring energy consumption?
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What system does VEM use to deliver alerts for energy-saving actions?
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What is a key benefit of installing the Virtual Energy Manager?
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How does the Virtual Energy Manager contribute to energy efficiency?
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What must users do to access the Virtual Energy Manager?
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What is the primary purpose of the data collected by VEM?
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Which of the following best describes who benefits from using VEM?
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What is one of the key features of the VEM system in terms of monitoring energy consumption?
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How does VEM facilitate communication for facility managers?
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Which of the following best describes the objective of VEM in terms of customer advocacy?
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What is the role of machine learning algorithms in the VEM system?
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What was one of the earliest phases of the VEM installation process?
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What was the primary focus of VEM's innovation journey which started in October 2019?
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In which building was the VEM installation plan primarily implemented?
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What financial opportunity does VEM identify in targeting approximately 642 customers?
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Which of the following best describes the purpose of VEM's All-in-one Energy Usage Dashboard?
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What is one of the capabilities VEM provides to establish effective monitoring?
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Study Notes
Virtual Energy Manager (VEM) Overview
- VEM is a digital solution that enhances energy efficiency by monitoring and analyzing real-time energy data.
- Combines both software and hardware components for comprehensive energy management.
- Assists Physical Energy Managers (PEM) in data analysis, monitoring, reporting, and benchmarking.
Innovation Journey
- VEM's journey began in October 2019 with pilot completion in December 2022.
- Installation initiated in January 2020 for TNBR Building in phases.
- Features include real-time tracking of energy consumption via Digital Power Meters (DPMs) and predictive analytics for major electrical feeds.
Dashboard and Communication Tools
- A web-based, customized dashboard for facility managers enables monitoring of energy usage and efficiency measures.
- Telegram SMS group is set up for real-time notifications regarding energy consumption status.
Empowering Facility Managers
- VEM uses automated tracking and monitoring to empower customers through analytics and machine learning algorithms.
- Effective communication is facilitated via Telegram for updates on energy data.
Customer Engagement and Journey
- VEM aims to commercialize its solutions by creating a seamless customer journey that positions users as advocates for energy efficiency.
- Curated packages are available to meet customer-specific needs.
Market Potential
- VEM targets approximately 642 potential customers, projecting an annual revenue of around 38.3 million.
Benefits of Using VEM
- Helps reduce electricity consumption and bills through data collection and actionable insights.
- Provides detailed visibility into energy usage across various equipment and building areas, enabling targeted savings actions.
- Near real-time alerts assist Facility Managers in planning and implementing energy-saving measures effectively.
Access and Usability
- No smartphone app download is necessary; VEM is accessible via any web browser for user convenience.
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Description
This quiz covers the innovation journey of VEM, its impact on customer pain points, and the implementation of cost-saving and energy-efficient solutions. Understand how the VEM installation plan was designed and its evolution from pilot to completion.