The IoT is transforming the oil and gas industry for the better as more than 62 percent of executives in these businesses around the globe aim to increase their investments in digital technology in the years to come.
FREMONT, CA: Energy consumption is gradually increasing across the world. The companies are striving to meet the demand. The rising global energy demand has put a strain on energy supplies. Thanks to the internet of things, the utility companies are finding solutions to this problem.
Let us look at the contributions of IoT and smart meters to streamlining water, gas, and electric data transmissions:
Smart meters have emerged as the top IoT device among utility companies in the past few years. These devices can be attached to buildings and connected to a smart energy grid, enabling companies to manage energy flow into buildings more effectively.
Smart cities can utilize smart meters to gather data that provides insight into population, infrastructure, and public services. Smart meters can empower cities to create efficiencies that impact the lives of residents.
Everyone knows the importance of preventing any sorts of water wastage. Consequently, the idea behind smart homes and smart cities is to prevent the wastage of exhaustible energy and encourage the use of exhaustible energy. Hence, smart water management is becoming popular since it gives consumers the capability of easily monitoring their water consumption and providing useful information to the public. These smart water sensors track water temperature, quality, consumption, pressure, and more. These devices communicate directly with a water utility company, which utilizes software to analyze the data and then delivers it to the consumer in an easy-to-understand format.
The Energy Sector
The IoT is transforming the oil and gas industry for the better as more than 62 percent of executives in these businesses worldwide aim to increase their investments in digital technology in the years to come.