The company obtained the software platform, previously called dashboarDView, in 2011 when it acquired Summit Energy.
The online tool provides users access to energy and sustainability data, reports and summaries, and ties predictive energy cost modules to project prioritization and portfolio-wide diagnostics. Resource Advisor also creates invoices and contract and documented recommendations that that identify energy procurement opportunities, demand reduction project reports and other energy-related market news.
Mike Fraser, vice president, sustainability development at Schneider Electric, says several factors led to the rebranding.
“From a literal perspective, our technology platform is much, much more than a dashboard,” Fraser said. “It’s an enterprise-wide sustainability business intelligence solution that enables our clients track, manage and improve their energy, carbon and sustainability performance across the organization.”
He says the software platform’s 17,000 global users can track and manage more than 100 separate resources and metrics using the tool. The latest release includes a new user interface that, according to Fraser, clients say is easier to navigate.
Additionally, Resource Advisor is Schneider Electric’s enterprise offering within its StruxureWare software portfolio, and the name change fits better with the naming structure of StruxureWare’s other applications, he says.
While Fraser says the word “sustainability” hasn’t lost traction with facility managers, he says it’s not as straightforward as “resource management.”
“Sustainability still seems to lack universal definition,” Fraser said. “I hear that as much as anything else, ‘What exactly is sustainability?’” At Schneider Electric, he says, sustainability is about producing “tangible results.”
In June, Schneider Electric introduced EnergySTEP Data Center Assessment, which it says can improve a data center’s power usage effectiveness by 20 percent with a payback period of less than 12 months, into its line of energy management services.
A month earlier, Pike Research listed Schneider Electric as one of the major building efficiency solutions providers leading the submeter technology and services market globally, which it says totals $771 million and will grow to $1.58 billion in 2020 at a compound annual growth rate of 9.4 percent.