Small-scale businesses face persistent challenges in managing energy efficiently due to limited resources, rising operational costs, and the absence of real-time monitoring systems. These constraints often lead to unnecessary energy wastage, reduced profitability, and a higher environmental footprint. Artificial Intelligence (AI) and the Internet of Things (IoT) present affordable, practical solutions that can transform the way small enterprises monitor, analyze, and optimize their energy usage.
Problem Statement
• High operational costs due to energy wastage.
• Lack of affordable and user-friendly energy monitoring tools.
• Need for scalable, low-cost AI solutions tailored for SMEs.
Proposed Solution
The proposed system integrates IoT sensors, smart meters, and cloud-based AI analytics to continuously monitor energy consumption. Machine learning models are applied to both historical and live data to forecast consumption patterns, detect anomalies, and recommend operational adjustments for improved efficiency.
Methodology
1.Install IoT-enabled smart meters.
2.Collect and transmit energy usage data to the cloud.
3.Apply machine learning models for forecasting and anomaly detection.
4.Generate actionable recommendations via an intuitive user dashboard.
Expected Benefits
• 15–25% reduction in energy costs.
• Lower carbon emissions.
• Improved operational efficiency.
• Scalable for SMEs in both urban and rural settings.
Future Work
Future developments include integration with renewable energy sources such as solar and wind power, and expanding the system to manage energy at a community or regional level.
Conclusion
AI-enabled systems can make energy management accessible, cost-effective, and sustainable, empowering small businesses to contribute meaningfully to global climate change mitigation efforts.
