Ladies and gentlemen, welcome to the Smart City! Here, the previously seemed impossible comes true: real-time grid monitoring, smart meter reading, predictive maintenance, and even more! The Internet of Things serves for smart management of energy and natural resources, which are the life and limb of the city. To that, by the way, the city owes its name.<\/p>\n
Today, we will wander through the city\u2019s streets and see how IoT builds its future.<\/p>\n
IoT ensures the interconnection between devices and sensors in a single network that handles large amounts of data. Currently, millions of interconnected devices operate in isolated networks simultaneously across the globe. By 2030, the number of these devices is projected to surpass the 50 billion mark.<\/p>\n
Utilities use IoT to create connected data networks among devices and microgrids, which also helps them map the grid. But the volume of data processed by connected devices continuously increases, which makes their operation maintenance a challenge.<\/p>\n
Specifically, operators need the right technologies, tools, and capacity to operate the grid, given the constant increase of data volume. These technologies include machine learning which provides such powerful tools as commodity sensors. Paired with IoT, those could give operators real-time insights about grid\u2019s operations and assets\u2019 conditions.<\/p>\n
Smart meter reading allows gathering analytics on such data as last mile, emission level, substation, and even more. This, in turn, could help utilities track and plan energy consumption and production. In this way, they could save $157 billion in energy costs by 2035<\/a>.\u00a0 \u00a0\u00a0\u00a0<\/strong><\/p>\n Smart meters provide real-time data on power distribution, allowing utilities to make the right data-based decisions on optimizing operating costs and increasing productivity.<\/p>\n