Startup Ideas AI

Today, many individuals and businesses struggle with managing their energy consumption effectively. To address this, a startup could develop a real-time data analytics platform that monitors energy usage and provides actionable insights for optimizing consumption. By leveraging machine learning algorithms, the platform could provide personalized recommendations, identify energy wastage, and suggest energy-efficient alternatives. This would help users reduce their carbon footprint and save on energy costs. Market size: According to Allied Market Research, the global energy management system market is projected to reach $52.6 billion by 2027, with a CAGR of 13.1% during the forecast period.