Energy Magazine October 2020 | Page 57

WHAT ARE THE KEY BENEFITS OF IIOT ?
WHAT ARE THE KEY BENEFITS OF IIOT ?
If the core advantage of IIoT could be summed up , it would be the empowerment to enable valuable insights from gathered data and support the development of user-centric applications to leverage it . “ There are great stories of new uses in the market today which bring together disparate data sets from traditional platforms and new sensor technology to drive value for business ,” says Geach .
For him , one of the main accelerators of IIoT adoption has been the drive to meet ambitious net-zero carbon and other environmental targets , where the ability to accurately forecast energy generation and consumption is truly invaluable . “ As an example , one of the value propositions IIoT can bring to the energy sector is increased visibility of energy use lower down in the grid ,” Geach continues . “ The roll-out of smart metering continues to enable value-driven services through use of cloud-based analytics , which help utilities manage their load profiles in a more dynamic manner than previously .” It should also be noted that smart meters provide consumers with the ability to
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