5 Ways IoT Can Shape the Future of Utilities at Home
With a growing population and urbanization, global energy consumption has rapidly increased over the last few decades. Utility companies all over the world are striving to bring efficiency in demand and supply optimisation, leakage detection and reducing demand. Implementing IoT can have a significant impact on the way energy is used and managed which will in turn help to relieve the stress on energy demand Over the last few years, IoT devices have emerged as a top choice for utility companies. Smart meters can regularly track consumption data, therefore, promoting energy awareness and energy efficient behaviour among users.