Ultimate Guide to Intelligent Power Management and Cost Efficiency
💡 Did you know that ICT has substantially increased its overall share, going from 4–5% a decade ago, to currently 8–10% of total electricity production?
As the statistics suggest, power consumption has been a perpetual concern for the IT departments for quite some time now. The rise in the issue is more extensive in Indian IT markets because of the digitization efforts that have taken over businesses. In unusual cases, companies have also reported electricity costs accounting for more than the hardware costs invested highlighting the dire need for solutions.
The constant functioning of IT infrastructure resulting in overheating leads to hardware malfunction and replacement, management of assets, and hardware dead stock. In most cases, replacement of the whole system because of functionality issues has accounted for companies experiencing capital-related issues.
With rising power costs per unit of electricity usage, it is estimated that higher power demand in the future will impact the IT departments in all sectors severely. Therefore, it is necessary to introduce sustainable solutions that do not impact performance and help organizations achieve cost-efficiency.
In this blog, we will discuss the growing need for these solutions and how your organization can achieve cost efficiency with reduced power costs.
Strategies For Efficient Power Management
“Energy efficiency is the fastest, lowest cost and lowest risk approach to reducing greenhouse gas emissions in most organizations” – Liam McLaughlin, Energy Systems Specialist, UNIDO
Increased IT power costs have become a point of concern for present-day organizations. New and updated compliances are introduced every year, making the journey more challenging for businesses. Therefore, we must discuss power management strategies your organization can use to optimize its resources and reduce cost structures.
Power Budgeting
There needs to be a set power budget with a plan of action to improve their IT power costing. However, there are budget constraints that IT organizations have to adhere to which limits their decision-making powers.
Hardware Health
Old systems installed in your organization require constant supervision. The functionality and speed reduce over time, therefore leading to overheating issues and higher power consumption.
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Addressing power consumption
Evaluating the system specifications, power consumption input and performance output efficiency, battery life metrics, and updates are mandatory. Though this is a labour-intensive process that requires a lot of manual effort, it has become the need of the hour.
Constant monitoring
Individual system monitoring, throughout its activity to understand the individual power consumption cycle is extremely crucial. It further contributes to analyzing and interpreting the overall IT power consumption. Individual detection will help organizations understand the replace high power-consuming assets.
Data Protection
Data is every organization’s most important asset. IT companies function and feed on data. Data privacy and protection have been in talks for various reasons, one of them being data loss because of hardware malfunction. Therefore, a need for efficient hardware and IT infrastructure management.
“A survey revealed that over 55% of organizations have experienced at least one data loss in the past two years due to computer crashes. The survey highlights the need for best practices in terms of data backup and recovery strategies in order to avoid significant losses.”
What does this mean for your IT costs?
Strict IT management budgets and limiting your expenses to those budgets while working on efficiency are challenges concerned officials like you face. Your IT costs don’t have to be high, there are smarter ways in which problems can be addressed.
One such solution is introducing an intelligent power management solution for your hardware assets. With a solution that effectively manages the power of all your hardware assets, you save more than your overall spending costs. These solutions are available on a budget and offer you a long-term advantage over your traditional ways of power management.
The rising power demand and the world’s transition towards a technology-based work approach are real. Make sure you don’t miss out on this transition. The power management solution will walk hand in hand with you significantly reducing your IT costs and saving manual effort.
Is there a more cost-effective way to manage power consumption in your organization?
There are other ways in which organizations can manage and make a move towards green computing and achieve cost efficiency. Introducing Energy Conservation Measures (ECMs) and Energy Management Systems (EMS) in your organizations or introducing renewable energy resources like solar panels.
However, the problem with these solutions is they are highly capital-intensive and operationally challenging to adopt. Most businesses usually don’t have the budget and resources to manage their functioning.
Therefore, an AI-based power management solution is your answer to all budget issues. This shift towards Artificial Intelligence (AI) is in trend for businesses all over the world and for all the right reasons. It can be easily established that the future is predictive AI that helps you with data analytics- gathers relevant data, and helps translate it into actionable insights.
Your business demands AI-powered solutions to function efficiently and achieve profitability metrics because of the expanding competitive market size. Businesses are forced to make a shift from traditional solutions to intelligent cost-saving solutions that also increase performance, and save time and effort.
Not adopting solutions that work towards IT power sustainability will leave a substandard impact on the markets. Therefore, we suggest introducing an intelligent power management solution that solves all your concerns on a budget.
IPM+ as an all-in-one solution
If you’re looking for a solution that fits your organization’s IT budget and caters to all the complexities, IPM+ serves as an intelligent power management software.
This solution is meant to cater to and manage cost reductions, despite your hardware’s health.
When the solution is active and installed, the software only allows necessary hardware resources to be turned on, resulting in optimal status and power consumption.
When the device is off, all non-essential hardware resources are turned off. In addition, any devices in the ‘on’ state operate on minimal electricity.
Other key features of IPM+ Smart Power Management Tool:
Saves Power, Saves Money – A patented technology that manages the power consumption of all your devices during on/off state.
Remote Remediation And Healing – Increases system’s optimization levels through automated activities.
Intelligent Scheduling – Allows you to schedule your system’s timings to operational hours.
Automated Inventory and Lifecycle Management – Software maintains a real-time database of your assets eliminating the guesswork.
Customizable Dashboard and Reporting – Displays all the insights and data in real-time.
Unmatched Scalability- Allows a single user interface to manage all your hardware assets reducing operational complexity.
Automated Alerts – Real-time alerts on your hardware health.
You can leverage the benefit of using a smart solution to reduce costs, establish an advantage in the competitive markets, and build your IT infrastructure equipped with advanced AI-powered technology.
