Your Story - 12th September 2018
Bengaluru-based MinionLabs has designed a smart energy device that monitors and analyses energy consumption of multiple devices and helps reduce energy spends.
Several aspects contribute to high energy bills in a company. While we can control a few things and cut down on power use, there are others we simply cannot change. However, industries are constantly on the lookout for factors contributing to high energy consumption. Using this as a project idea in his final year of college, Gokul Shrinivas built a product called Minion, a smart energy device, in 2015. The idea was to help reduce electricity costs in buildings by installing the monitoring device that helps analyze energy consumption patterns.
Gokul, now 23, along with his friend and former batchmate (at Karpagam College of Engineering), Ram Praveen Ramanathan, formally set up MinionLabs in 2016 in Bengaluru. The SaaS platform uses Machine Learning (ML) and deep learning techniques and leverages Artificial Intelligence (AI) to disaggregate a building’s electricity consumption. The Minion trains itself and learns about the consumption pattern of each device. The device can be connected to the internet, which then notifies the user about the energy consumption patterns and breakdown of devices through WhatsApp and emails. It can be connected to major connectivity solutions (WiFi, Lora Wan, 2G/3G/4G, ZigBee); an OLED display can also be stacked on it.
The platform senses electricity consumption (for offices, shopping malls, hospitals, and even individual houses) and streams it to the server through the internet. B2B in nature, Minions target individual houses and the device is installed after the building’s construction is over.
For more information on this press article, visit https://yourstory.com/2018/09/minionlabs-device-uses-ai-track-cut-electricity-bills/amp/
MinionLabs is the World Leader in Energy Efficiency for Cities, Businesses, and Consumers for the Internet of Things. Our Artificial Intelligence-based products, systems, and services enable our users to be energy efficient, reduce carbon footprint, prevent climate change and make people’s lives safer and comfortable, and businesses more productive and cities more livable in a sustainable way. Visit us at www.minionlabs.tech