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India is aiming to make annual savings of $8.9 billion in energy costs by adopting new energy-saving technologies. As half of country’s energy is consumed by commercial sector, businesses have long been challenged to improve their low carbon credentials and energy efficiency. Now, data-driven smart energy startups have taken it upon themselves to come up with innovative solutions.
We already have billions of mobile phones connected to the internet. The next wave is of billions of web-connected devices (also referred to as Internet of Things or IoT), generating an immense amount of information, which can then be used to improve the overall value proposition of the product on offer, in a few years’ time.