Internet of Things (IoT) is a platform for the digital transformation of smart metering and can be a valuable asset in a utility company’s services and overall infrastructure. The right IoT platform allows utilities to connect their devices to their network without having to spend a fortune on additional software infrastructure. LoRaWAN network, in turn, is a wireless technology that is popular among smart utilities, providing high throughput and great range. It also provides full flexibility of management smart metering data as an interoperable solution. LoRaWAN is a standardized wireless technology that links devices to each other using existing mobile networks. It uses the same infrastructure as mobile phones, allowing it to reach areas where conventional connectivity is not available, with low energy consumption.
Additionally, the LoRaWAN network is ideal for utility companies because it does not require upfront investments from suppliers and boasts high building penetration and good coverage. This technology is especially useful for smart meter reading, as it enables utilities to forecast energy usage and production patterns. IoT technology can help both businesses and homeowners alike to aid in reducing water consumption and optimizing energy distribution through efficient metering. The integration of IoT smart metering solutions and streamlined data collection allows for lower energy bills for the end-consumers and a reduced carbon footprint.
Area of Applications
IOT can Measure
Smart metering IoT devices are ideal for smart cities as they can provide in-depth analysis of water resources consumption, gas usage, and electricity. IoT smart metering technology enables a more streamlined approach to water and energy metering operations for customers, living in a smart city. By equipping metering systems with the Internet of Things, smart cities can efficiently and remotely collect metering data and drive down costs associated with labor, fuel consumption, and human error. LoRaWAN platform, in turn, enables the connection of every metering device to the network.
Benefits of Smart Meter
Smart meters are arguably one of the most prevalent IoT solutions used across all industries. Smart meter devices have one of the most predictable ROI and therefore, it’s natural that companies start using smart meters for the first time utilizing IoT technology. It is especially true for the energy industry since their consumers can almost immediately see how smart utilities improve device management, increase efficiency, and connect all the services. Smart meters can be also in manufacturing facilities as they help reduce electricity costs by setting power usage and water usage limits. Additionally, smart city building associations can integrate smart meters into the buildings, so the future residents will be able to manage their utility usage and operating costs from the first day of living there.