SustLabs, founded in 2016 and incubated at IIT Bombay, is an IoT and data analytics company dedicated to enhancing energy efficiency in homes and small offices. Their flagship product, Ohm Assistant, provides real-time insights into overall and appliance-level electricity consumption without the need for additional sensors. By analyzing smart meter data using machine learning, Ohm Assistant empowers users to monitor and optimize their energy usage, leading to significant cost savings and a reduced environmental footprint.
Key Features and Functionality:
- Real-Time Energy Monitoring: Offers immediate feedback on electricity consumption patterns, enabling users to make informed decisions about their energy use.
- Appliance-Level Analysis: Deciphers energy usage for individual appliances without installing extra sensors, providing detailed insights into specific consumption behaviors.
- Predictive Analytics: Utilizes machine learning to forecast monthly energy budgets and detect potential electrical hazards, enhancing safety and financial planning.
- User-Friendly Interface: Presents data in an accessible format, allowing users to easily interpret and act upon their energy consumption information.
Primary Value and User Solutions:
Ohm Assistant addresses the common challenge of unawareness regarding household energy consumption. By offering detailed, real-time insights into electricity usage, it enables users to identify energy-intensive appliances, adjust their usage habits, and implement energy-saving measures. This proactive approach not only leads to average electricity savings of 17.5% for users but also contributes to broader sustainability efforts by promoting energy-efficient practices.