The Internet of Things (IOT) is a chain of devices that are inter-linked with each other. These devices collect data, consolidate and aggregate it and then act on the data. All these devices work on wireless technologies and the Internet. A couple of sensors, gateways, communication hardware and the cloud together make IOT work.
There has been a tremendous demand for Energy IOT platform these days as the energy industry is facing a lot of problems lately. A huge amount of energy is required today to make machines work. With the lack of this energy, the machine operations obviously come to a halt and eventually, this leads to an entire collapse of the system. The energy industry offers direct advantages to every other industry. But to make this industry run efficiently, millions of dollars are required and it is currently facing its worst crunch.
Impact of IoT on Energy Industry
IOT is being embraced by all kinds of energy industries such as Solar, Gas, Oil, Hydro, Wind and Thermal. Moreover, along with other technological advancements like Nano Technology, Intelligent Server Management and such others, the scope of IOT application has broadened and is constantly evolving. Let us understand in-depth how the IOT has impacted the Energy Industry:
- IOT Upgrades the Infrastructure and Improves Productivity and Connectivity
IOT upgrades the infrastructure of the company by embedding sensors into the network. It connects the various devices to collect data. The sensors monitor the environment and transmit the collected data to the other devices connected in the network. These data packets are then circulated across the operational networks and used for smart analytics.
Thus, with the help of IOT, one gets a transformed infrastructure which as an automated alert system and some predictive technologies that can eventually improve the productivity. This information can also plan and offer back-up plans for unforeseen downtimes, maintain efficiency of the operations and ensure that the resources are in full supply. An IOT oriented infrastructure provides an optimal performance control and also give real-time notifications so as to avoid any damage or wastage.
- IOT Creates Intelligent Energy Management
With the use of IOT, rampant energy inefficiencies are controlled and costs of equipment maintenance are drastically reduced. IOT is used in Oil Fields in remote locations too. These have isolated data centres which upload their information on a cloud, to give better management control and processing of information. With the help of the information and data in real-time, proper improvement in energy utilization is achieved and possibility of wastage is eliminated. Smart grid systems are being incorporated by some companies to ensure limited energy utilization. These grids allow operators to set the timings in advance and then control the supply of energy with their smartphones.
- IOT Provides a Convenient Monitoring Systems
By incorporating IOT in the energy industries, one can manage energy consumption from different places with the use of their mobile device. Laptops, tablets and smartphones are easily connected to other smart devices such as air conditioners, washing machines, and other devices at home and control them. This enables one to reduce bills, enhance comfort and convenience and also provide more security for homes and offices.
IOT has proved to be a catalyst in the Energy sector. It has improved efficiencies, ensured more care, resilience and prudence. In the coming years, the impact of IOT on the Energy Sector is bound to give more profitable results.