*Updated October 2022
Sustainability is getting momentum in the last decade. The trend's appeal has experienced quite a surge among the wide population, piquing the interest of the investors to pursue opportunities within the field.
The incentive has endured more investment into sustainable solutions and technologies. For example, the energy management industry has experienced growth in the energy management systems segment. According to Allied Market Research, the global energy management systems market is expected to grow to $161.9 billion by 2030, growing at a CAGR of 16.2% in the forecast period.
The reason being is that sustainable technologies and solutions in the energy management industry and its various sub-industries grant companies an upper hand over their competitors. Sustainable solutions increase productivity and reduce costs, making the bottom line of sustainability good for your bottom line.
Investing in sustainable solutions, especially in the energy management sector, is extremely important, not only for the above-mentioned market and its growth but also because avoiding increased environmental degradation is necessary.
According to EPA, 25% of GHG emissions are generated by the energy industry, making it the second-highest contributing factor to GHG emissions.
Such projections motivated us to look deeper into sustainable trends within industries. Intrigued by the innovative technologies and companies focusing on these particular areas is why we decided to create Innovating Sustainability Reports. These reports explore various industries, highlighting focus areas and trending technologies, and market opportunities.
In this article, we want to take a look at one of our favorite Innovating Sustainability Reports on the energy management industry, deconstruct it, and show how you can use our AI-powered platform to generate similar results as in the energy management report. Hopefully, this can give you some insight into how to utilize and get the most out of the platform.
Reports vs platform: the key difference
When the Innovating Sustainability: Energy Management report was initially prepared, we had not yet launched the platform that you see today. In essence, these reports were built a bit differently than they would be if you were to solely use the platform today, with the key difference being the utilization of cluster maps.
In the report, the data cluster was generated on our backend through the platform using the six focus areas identified by our research team. The platform then places the various companies on the map in proximity to one another depending on the sub-industry it falls within and the technology or solution it provides.
On the current platform, you can still access cluster maps through the “Explore Industries feature”; however, instead of generating specific clusters, there is a list of industries you can choose from. You can also pair this feature with the “Explore Technologies” tool, allowing you to dive deeper into numerous technologies and see which companies are using or developing them.
By combining both features, you can get a better understanding of emerging market opportunities and trends that can help shape your search. This is particularly useful if you are unsure where to begin your search. If you’re looking for something more specific or can’t find what you’re looking for, you can reach out to our team to discuss the bespoke reports offering.
The database and AI interaction
The database encompasses the Valuer platform's backbone, compiled of millions of data points on companies and technologies that have been ‘scraped’ and filtered by our team to ensure that your results are reliable. This data is used to prepare company enrichments, industry and technology overviews, etc.
How our AI understands search inquiries and filters we set is based on natural language processing (NLP). Our NLP is based on a refined version of BERT, which takes the keywords and semantics of your search inquiry and translates that into reliable results. This allows our users access to relevant information without having to be specific in their rhetoric during their search inquiry. Basically, BERT and NLP allow for variation and flexibility in your inquiry and let us go from point A to point B in our search smoothly.
Harnessing these NLP algorithms, the platform can comb through the database, filter, and narrow down the results from the 600,000 plus company profiles in the database to a list of companies that will then be further analyzed to generate the report's insight.
These data points allow our team to identify parameters, which in this case, there are six specific areas in the energy management industry, including (1) peer-to-peer energy trading, (2) microgrids, (3) Internet of Energy, (4) AI energy management platforms, (5) thermal energy storage, and (6) battery innovation.
These six focus areas comprise the basis for our research, serving as a guideline for eminent startups and corporations and research into the energy management industry. Now let's use these parameters to help set up your platform search for energy management and energy optimization.
Setting up your platform search
Now that you understand a bit about how we were able to set up the research phase of our reports, it's time to set up your own search using our platform. First, you’ll be asked to type in a more elaborate description, which isn’t necessary but is recommended to get the best results.
Take sustainability and energy management as an example. Your search could follow the following steps:
- Start with our Industries feature
- Sort but sub-industries
- View correlation between sub-industries
- Find interesting companies
- Add to radar
- Enrich company profiles
- (optional) order bespoke report on captured targets
How to read your results
Upon conducting a search, you’ll notice on the results page a “Match score” indicator. Our goal when creating the platform was to provide access to data-driven insights quickly and reliably.
The 'Match score' is a percentage score calculated by the platform that lets you know how well-suited a company is regarding your search inquiry. Some match scores might indicate a lower value because the percentage is dynamic and based on your search parameters. In other words, your match score is based on how detailed your search inquiry was. The aim of this feature, besides making the experience smoother, is that anyone or any company looking for a good fit for business collaboration or investment opportunities can use this as a barometer for the degree of fit for a potential partnership or collaboration.
Enriching company profiles
When you explore a company’s profile, you will see the standard basic info alongside an option to enrich the data or information on that particular company. The enrichment entails in-depth company insight, covering the following areas:
Business Model - Data and detailed info on the business strategy and list of revenue streams.
Value Proposition - What a company promises to deliver. Such as products, experience, communication, services, etc.
Product portfolio - Overview of a company's services, a summary of the products they offer and develop, and extensive insight into the technologies a company is applying and/or developing.
Market Opportunities - Projections of the market the company is operating in, showcasing growth factors, regional statistics, and a list of notable players.
Achievements - A list of milestones a company has achieved, including partnerships, awards, investments, etc.
The data that you get from enriching a profile is the same data that we used when creating the company case studies covered in the energy management report. These data-driven insights allowed us to explore actionable ways in which companies are applying energy management systems and energy optimization in several facets of the energy management industry instantly. This feature is meant to give you actionable insights while cutting out the massive amount of time it would take to research this on your own, all done by our AI-powered platform.