Efficiency, to some, is like insurance or vitamins. Something you need, but not necessarily something that sets your heart racing.
That, of course, is a mistake. The Internet would have imploded under a pile of utility bills if chip architects and facilities managers hadn't steadily figured out ways to reduce power consumption in data centers. In the mid-70s, California passed some of the first legislation regulating energy consumption for homes and appliances: since then the state's economy and population have boomed, but power consumption per capita has stayed relatively flat. Elsewhere, it has grown by around 30%.
And, ultimately, digital transformation is more palatable way to discuss efficiency: companies are investing in DX to reduce resource consumption and/or get more value and work out of existing capital.
It's in that light that we are proud to announce that JMP Securities has selected OSIsoft for the Efficient 50 for the third time in a row. The Efficient 50 identifies the most promising private companies having the greatest impact on reducing the human impact on the environment through their products and services. Some are large, others have only garnered a few million in revenue. And some such as Seeq, Element and SparkCognition and Falkonry are OSIsoft partners.
“The people who oversaw provisioning of the British Royal Navy more than 200 years ago cared about efficiency. So did Roman road builders and Egyptian architects,” said authors Hilary Cauley and Joe Osha. “What's new is the impact human activity is having on everything from waste in the ocean to reduced freshwater availability to a warmer climate. It has never been more important for the enterprises that make power, manufacture products, and transport goods to undertake those activities as efficiently as possible."
Collectively, this year's 50 have raised a total of $9.9 billion since 2010.
“Importantly, the PI System provides an important interface between the highly fragmented operating environment and the more limited number of large data management environments that customers often want to work with,” the authors stated.