IoT Energy Domain
The Internet of Things plays a vital role in the field of energy management and regulation. The term used for that is Smart Energy System. IoT applications monitor a wide variety of energy control function to residential and commercial use.
As technology is increasing day by day, it also raises the cost of energy. Consumers search the way through which they can reduce and control the energy cost. IoT provides a mature way to analyze and optimize the use of the device as well as the entire system of a home. It may be changing the device setting, simply switching on/off or dimming lights to optimize energy use.
Wastage of energy widely impacts any business enterprises in their cost of production. IoT provides a specific way for monitoring and maintaining a low cost and high level of care. IoT system provides a strong means of managing the consumption cost of energy and optimize the output of enterprises. It discovers energy issues in the same way as functional issues in a complex business network and provides solutions.
The IoT technology ensures the system reliability by analytics and action delivered. It detects the threats of system performance and stability which protects against losses such as damaged equipment, downtime, and injuries.