Retail Academy VEM Overview

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Questions and Answers

What is the primary function of the Virtual Energy Manager (VEM)?

To collect and analyze energy data in real-time (correct)

To physically manage energy consumption in buildings

To sell energy-efficient products to customers

To design new energy systems for commercial use

How does VEM contribute to energy efficiency?

By reducing the number of energy providers available

Through integrated tracking and automated monitoring (correct)

By providing energy sources at reduced costs

By requiring manual adjustments to energy systems

Which aspect of VEM supports decision-making regarding energy management?

It sends alerts through physical devices only

It generates energy consumption reports manually

It provides energy savings via physical changes

It uses data analytics and machine learning (correct)

What is a key benefit of the VEM for customers?

Access to real-time energy data and expertise Signup and view all the answers

Which of the following best describes the role of the Physical Energy Manager (PEM) in relation to VEM?

PEM relies on VEM for data analysis and control Signup and view all the answers

What components make up the Virtual Energy Manager (VEM)?

Both Software and Hardware Signup and view all the answers

How does the Virtual Energy Manager help in monitoring energy consumption?

By displaying near real-time information on energy consumption Signup and view all the answers

What system does VEM use to deliver alerts for energy-saving actions?

Telegram application warnings Signup and view all the answers

What is a key benefit of installing the Virtual Energy Manager?

Viewing detailed energy consumption for each equipment or floor Signup and view all the answers

How does the Virtual Energy Manager contribute to energy efficiency?

By implementing energy-saving measures through data analysis Signup and view all the answers

What must users do to access the Virtual Energy Manager?

Access a web-based platform through any web browser Signup and view all the answers

What is the primary purpose of the data collected by VEM?

To analyze and optimize energy usage Signup and view all the answers

Which of the following best describes who benefits from using VEM?

Commercial buildings seeking enhanced energy efficiency Signup and view all the answers

What is one of the key features of the VEM system in terms of monitoring energy consumption?

Real-time energy consumption monitoring with DPMs Signup and view all the answers

How does VEM facilitate communication for facility managers?

Telegram SMS group notifications Signup and view all the answers

Which of the following best describes the objective of VEM in terms of customer advocacy?

Empowering customers to become energy efficiency advocates Signup and view all the answers

What is the role of machine learning algorithms in the VEM system?

To enable analytics and trigger energy-saving measures Signup and view all the answers

What was one of the earliest phases of the VEM installation process?

Real-time energy consumption monitoring with DPMs Signup and view all the answers

What was the primary focus of VEM's innovation journey which started in October 2019?

Achieving energy efficiency and cost savings Signup and view all the answers

In which building was the VEM installation plan primarily implemented?

TNBR Building Signup and view all the answers

What financial opportunity does VEM identify in targeting approximately 642 customers?

Attaining an annual revenue estimation of $38.3 million Signup and view all the answers

Which of the following best describes the purpose of VEM's All-in-one Energy Usage Dashboard?

For facility managers to monitor energy consumption in real-time Signup and view all the answers

What is one of the capabilities VEM provides to establish effective monitoring?

Selecting appropriate process indicators for data tracking Signup and view all the answers

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.