RENEWABLES
to the world in 2007 , the marketplace for mobile apps was pedestrian . Today , it ’ s worth more than $ 25 billion with endless potential .
IoT will be much the same , except bigger . It is expected to drive innovation and could create new business models for the provision of energy services such as new forms of demand management may lead to creative alternatives to traditional energy consumption patterns . It could also drive forward lifestyle innovations , transforming the idea of a smart home into a reality .
Along with innovation , loT can drive value . By 2020 , IoT is expected to grow the energy market from $ 7.59 billion in 2015 to $ 22.34 billion , according to MarketsandMarkets . IoT-based technology solutions and associated services are anticipated to bring immense value to the energy sector in coming years .
12 January 2016