If you work in the utilities industry, you’ve probably heard about the transformative power of connected devices. But what are the real world benefits of the Internet of Things (IoT)? Below are a few of the benefits of investing in an end-to-end IoT solution.
Gain valuable insight into the grid
Smart meters provide a reliable and secure source for real-time data on energy consumption and power supply quality.
Reduce cost of ownership
Operational and maintenance costs are decreased with remote monitoring of data and upgrades for large numbers of geographically dispersed meters.
Easily comply with regulations
Automatic meter reading (AMR) via smart meters makes it easier to adhere to regulations and legal requirements.
Increase operational efficiency
Control asset usage, detect malfunctions and leakages, and take measures to prevent outages based on data from IoT devices.
Manage demand and generation
Production capacity can be managed based on real-time data on energy consumption and power supply quality.
Incorporate renewable energy source
A steady and efficient power supply can be managed at a local level, balancing out the grid with electricity from wind and solar generators.
Secure the grid and prevent fraud
A securely encrypted solution protects the grid from digital threats and helps prevent energy theft.
Create a win-win with user data
Data on consumption helps consumers understand and plan energy usage, and allows suppliers to create incentive for limiting consumption.
Improve offerings and transform business models
Higher customer satisfaction is achievable with more personalized services based on real user data.
Achieve this and more with your IoT solution
You can accomplish this and more with an end-to-end industrial IoT solution from an experienced partner. Contact us today to learn more about how IoT can transform your business.