SAN FRANCISCO, CA — June 16, 2020 — What if you could mine data from every electrical device in your lab, school, or building just by plugging it in? WattIQ today announces the commercial availability of the first scalable, enterprise-grade IoT solution for asset utilization and condition monitoring built around smart plugs. Now, enterprises can monitor device utilization, health, and location of assets simply by plugging into WattIQ’s network of connected smart plugs.
“We are building on our roots in energy management at the device level to enable an even bigger sustainability impact by eliminating the waste from severe underutilization of billions of assets," said Priya Vijayakumar, CEO, WattIQ. "By addressing the pervasive blind spots that still exist in many industries—how often are all our assets being used and when? Are we paying for maintenance on equipment that is rarely used? Which manufacturer has the optimal cost of ownership vs utilization? Could I monitor the health of my devices in a cost-effective way? WattIQ is today enabling customers in the life sciences, higher education, and commercial real estate businesses to reimagine their asset sharing, procurement, maintenance, and monitoring.”
Formerly known as Ibis Networks, WattIQ applies machine learning to power consumption at the device level, analyzing assets like centrifuges, incubators, HPLCs, vending machines, freezers, and other electrical office equipment as soon as they connect to the smart plugs.
WattIQ’s low-touch solution gets assets connected to the network in just minutes. Within 60 seconds of being connected, power data for the asset is visible, and actionable insights are available within 24 hours. It is also possible to pilot or fully deploy the technology without the need to invite WattIQ onsite.
One WattIQ customer involved in lab operations explains how their system was easily implemented during shelter in place (SIP) orders.
"WattIQ was able to remotely build and set up our very detailed floor plan and ship the gateways and plugs with detailed instructions on how to install successfully," the customer said. "Internally, we experienced delays in IT support, due to SIP, and activated some of our ethernet jacks. WattIQ quickly deployed the mobile hotspots to get us up and running while we awaited IT support to provide us with several weeks of baseline data."
The WattIQ system is both manufacturer- and device type-agnostic and can scale from tens to thousands of assets within a building or across multiple sites. The centralized dashboard enables easy management of the smart plugs, as well as insights from an individual asset to an aggregated asset class or department view.
Read more about deploying power monitoring for asset utilization in the lab in this blog.
WattIQ’s insights into asset utilization and the true cost of ownership makes it possible to optimize CapEx and OpEx by redeploying under-utilized assets, moving to usage-based maintenance and asset sharing. The added benefit of proactive asset health monitoring prevents unplanned failures, protecting the enterprise’s science and products.
Since its founding, WattIQ has been an established partner in helping life sciences, higher education, and commercial real estate facilities improve sustainability through energy management. Now, its expanded smart plug-based IoT solution is mining and transforming the value of energy data to give organizations unparalleled insight into their asset utilization at low cost and with minimal disruption.