green econometrics

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Entries Tagged as 'Analytics'

IoT Connected Devices Change Everything

February 1st, 2017 · No Comments

IoT connected devices represent the most important technological wave since the Internet, smartphones, and social media. The value proposition for the Internet of Things (IoT) is compelling because of the economic and financial value created for the built environment. The reason IoT is so important is because it builds and leverages upon the confluence and […]

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Tags: Analytics · Energy Economics · Energy Efficiency · Energy Management · IoT

The Internet of Things (IoT) How Big Data and Analytics Translate into Lower Costs and Higher Productivity

July 19th, 2015 · Comments Off on The Internet of Things (IoT) How Big Data and Analytics Translate into Lower Costs and Higher Productivity

The value of IoT is its ability to monitor, control, and compile data. Data derived from IoT sensors when combined with analytics can lower operating costs, enable new business models, and improve productivity. Embedded sensors monitor, measure, and manage connected devices with limited human interaction. Less human interaction translates into higher productivity. Sensors that can […]

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Tags: Analytics · Carbon and Climate · Energy Costs · Energy Economics

Economics of Oil

December 7th, 2014 · Comments Off on Economics of Oil

Advances in technology such as seismic imaging with Dawson Geophysical and horizontal drilling with Schlumberger have dramatically changed the economics of oil and gas extraction. The change in oil economics is so profound that the cost structure of hydrocarbon fuels will reverberate through the global energy market and impact pricing of renewables energies and investment […]

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Tags: Alternative Energy · Analytics · Carbon Economics · Energy Costs · Energy Economics · Energy Security · Fuel Costs · Oil Energy · Oil Independence · Peak Oil

How Analytics can Improve Productivity

August 2nd, 2014 · Comments Off on How Analytics can Improve Productivity

Technology and innovation drive productivity, but transaction costs arising from technology implementation limit gains. Analytics and decision science could provide the means to tame transaction costs and improve productivity. Transaction costs were defined by Ronald Coase in β€œThe Nature of the Firm,” published in 1937 and who earned a Nobel Memorial Prize in Economics in […]

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Tags: Analytics