There is growing recognition that businesses face significant and increasing energy risk due to the huge pressures on energy suppliers and distributors around the world.
This problem is particularly acute where local power generation is reliant on coal or gas from unreliable sources, where nuclear plants are being decommissioned, or where governments are investing heavily in renewables and passing the costs onto businesses.
The issue for business is that all-in energy costs are for the most part high and rising, even in depressed economies. This is especially true in Europe, where electricity prices have steadily and relentlessly risen over the past several years.
The risks associated with rampant energy price inflation are particularly high for knowledge-oriented businesses that are critically reliant on power intensive IT and data centres. As more businesses use contemporary technologies like cloud services and big data to drive efficiency and better decision making, the demand for data centre has soared.
By unlocking business intelligence from growing troves of data held by companies, big data projects often promise to have a positive and substantial impact on a company’s profitability. Indeed, there have already been some notable success stories.