In one embodiment, a method for increasing power efficiency for an information handling system includes: monitoring, by a host service, one or more performance metrics associated with a memory device of the information handling system, the memory device including a power controller communicably coupled to a management device via a side-band bus; predicting, by the host service, an energy requirement for the memory device based on the one or more performance metrics; generating, by the host service, a power configuration profile based on the energy requirement, the power configuration profile indicating one or more power controller parameters associated with the power controller; sending, by the host service, the power configuration profile to the management device; receiving, by the management device, the power configuration profile; and modifying, by the management device and via the side-band bus, the one or more power controller parameters based on the power configuration profile.