Edge technologies, services and computing are current trends in IoT and IIoT.

The growth of the utilities industry looks strong. This is primarily because of population growth, rapid urbanization, increasing electrification, and the rising adoption of electric mobility.

The benefits of IoT technology vary per the implementation ecosystem, and the extent of the advanced IoT devices used. Below are a few benefits of IoT solutions across industries.

IoT’s origin and rapid evolution have brought into being a robust value chain of things, data, processes, and people. The aim is to create an ecosystem that combines various digital components to develop a seamless communication path between devices and people.

The Internet of Things (IoT) encompasses all devices, software, and physical objects with sensors and network connectivity that enable data exchange with one another over the internet and other communication channels

An IoT platform is a set of components that allows developers to spread out the applications, remotely collect data, secure connectivity, and execute sensor management.

The IoT devices include wireless sensors, software, actuators, computer devices and more. They are attached to a particular object that operates through the internet, enabling the transfer of data among objects or people automatically without human intervention.

Utility computing is a model in which computing resources are provided to the customer based on specific demand. The service provider charges exactly for the services provided, instead of a flat rate.

Advancements in AI extending to connected devices is helping compound the benefits of the IoT landscape, improving user experience

The stage is set for forward-looking technologies to reinvent the energy and utilities sector

AI, IoT, 5G, Wi-Fi-6 and cloud are creating an interconnected sustainable ecosystem to drive public safety and better governance in smart cities

Converting data into accurate information can act as a competitive edge for quick decision-making capabilities and increase customer loyalty.