Smart Meters are electronic devices that record the consumption of electric energy, gas, and water in intervals of approximately one hour or less. This information is then communicated back to the utility for monitoring and billing. Smart meters, as parts of an ‘Advanced Measuring Infrastructure’ (AMI) enable two-way communication between the meter and the central system are vital to measure hourly or daily consumption.
The applications for M2M/IoT technology in the smart metering segment are:
- Smart metering
- Smart grids
- Remote diagnostics and services
Manufacturers and suppliers are facing the following difficulties and requirements when developing energy and utilities IoT applications:
- Huge deployments
- Policy enforcement
- Low ARPU
- Reliable coverage
Technological and commercial solutions
Application developers , car manufacturers and suppliers can overcome the challenges they face by running their IoT/M2M application on an IoT connectivity platform.