The Internet of Things (IoT) has been gaining ground in the energy and utilities sector for several years. But applications like intelligent lighting and smart metering are set to drive an explosion in adoption. Why? Because the pandemic is creating new financial, operational and customer engagement incentives for your organization.
The market for IoT in utilities is estimated to reach nearly $54 billion by 2024, which in turn means there is a growing number of vendors to choose from. The key, as always, will be choosing the right partner to enable this journey and then deploying and actually using these tools.