Lean Business Strategies to Help Weather The 3rd Wave

In early 2020, market researchers by Bloomberg New Energy Finance (BNEF) predicted a dip in demand for renewable energy, but in a surprising turn of events, the Solar Market Insights from Wood Mackenzie shows that large-scale solar developers logged record growth during the period.

The ripple effects of the pandemic are still being felt worldwide, and friction points continue to emerge across the supply chain. When paired with yet another wave of the pandemic and a possibility of another lockdown, we’ve got a “perfect storm” brewing on the Solar PV industry’s horizon.

Businesses need to make every dollar count by implementing lean business strategies across the operating cycle as they navigate towards safer waters.

Lean is green too

A lean business strategy is one where enterprises focus on providing maximum value to clients while minimizing waste in all forms. This strategy increases operational efficiency, improves performance, and reduces redundancies. Often, a lean strategy also allows teams to better navigate each stage of the enterprise life cycle.

Here are three steps that Solar PV plants could take to adopt a lean operational framework.

1. Bridge gaps in communication

According to a SHRM study, even relatively small companies with merely 100 employees lose an average of $420,000 per year due to miscommunication. In a pandemic-induced fervor to quickly transition from offline to online, companies have adopted multiple communication platforms such as emails, video conferencing, project management tools, and others. Yet teams continue to work in silos, and inter-departmental communication gaps persist.

In order to bridge the gap between online and offline, proactive teams are bringing all stakeholders into a single platform. For instance, project supervisors and managers aim to be able to quickly identify deviations and anomalies, and assign corrective actions to the on-site crew in real-time. 

2. Automate processes

Digital transformation is about more than automating high-volume menial tasks. Gartner states that low-code application platforms, robotic process automation (RPA), and Artificial Intelligence (AI) are fueling hyper-automation. 

The right analytics platform can orchestrate a consolidated, data-centric, AI pipeline with which businesses can capture exact data, reduce data processing time, and quickly extrapolate meaningful insights. When this platform includes detailed visualizations, it can be used by both technical and non-technical team members for effective decision-making at every operational level.

3. Eliminate inefficiencies

Inefficiency leads to loss of profit and unplanned expenditures. For instance, a Solar PV grid performing below the optimal standard of efficiency can experience power leakages and increased chances of unplanned downtimes. When Solar PV plants are not monitored for anomalies, there’s an increased risk of component warranty lapse which, in turn, could mean expensive replacement costs.

Performing routine site inspections and asset maintenance activity can help plant owners ascertain hotspots and problem areas in the grid, diagnose defect type, and take quick remedial actions.

The Datasee.AI Advantage

Datasee.AI provides Solar PV asset owners and EPC companies a single pane window for all stakeholders. Powered by ML and RPA-based algorithms, the platform is capable of processing high volumes of data in a matter of minutes. Therefore, projects can be monitored in near-real-time. The Datasee.AI platform facilitates timely management decisions and avoidance of costly instances of communication lapse. The Aerial Thermography module of Datasee.AI also processes drone thermal imaging to identify hotspots, and classify each anomaly as defined by current IEC standards. The robust recommendations engine also provides site-specific insights and corrective measures that can be taken.

Reach out to us for a live demo of the Datasee.AI platform.