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The IoT is converting the oil and gas industry for the better as more than 62% 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 steadily increasing across the world. The companies are striving to fulfill the demand. The uprising global energy demand has put a strain on energy supplies. Thanks to the internet of things, utility companies are finding solutions to this problem.
Let us look at the offerings of IoT and smart meters to streamline water, gas, and electric data transmissions:
Smart Meters
Smart meters have appeared as the top IoT device among utility companies in the last few years. These devices can be connected to buildings and a smart energy grid, allowing companies to manage energy flow into buildings more efficiently.
Smart cities can use smart meters to gather data that provides insight into the population, infrastructure, and public services. Smart meters can enable cities to create efficiencies that influence the lives of residents.
Water Management
Everyone understands the importance of preventing any sort of water wastage. Consequently, the concept behind smart homes and smart cities is to prevent the wastage of exhaustible energy and support the use of depletable energy.
Thus, smart water management is becoming popular since it allows consumers to easily monitor their water consumption and provide useful information to the public. These smart water sensors follow water temperature, quality, consumption, pressure, and more. These devices communicate straight with a water utility company, which employs software to examine the data and then delivers it to the customer in an easy-to-comprehend format.
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The Energy Sector
The IoT is changing the oil and gas industry for the better as more than 62% of global executives in these businesses target increasing their investments in digital technology in the years to come.
