The Internet of Things is transforming the energy and utilities industries
The utilities and energy industries have been at the forefront of the Internet of Things (IoT), and the global number of devices being managed by utility companies is projected to grow from 485 million in 2013 to 1.53 billion in 2020. But this is just the beginning of this industry’s transformation.
The global number of devices being managed by utility companies is projected to grow from 485 million in 2013 to 1.53 billion in 2020. The utilities industry is the second largest source of M2M service provider revenue, behind only the automotive and transport industries.
Utilities have used M2M solutions for a long time, primarily for control of power grid communications between different devices, as well as remote meter reading for commercial, industrial and residential customers. But there is now a growing need to monitor the distribution grid, in order to guarantee reliability.
Our paper provides a written guide to the transformation of the energy and utilities industries that will come about as a result of the IoT.