IoT is also changing the way energy companies do business. For example, utility companies are beginning to use smart meters as an effective IOT solution.
Smart meters are basically electronic devices that keep track of a customer’s energy usage and are able to communicate with the utility company’s central system. Because of the two-way communication, smart meters give utility companies the necessary data to better predict demand, spot outages, and help the company know when to schedule repairs. Elitia is dedicated to provide IOT solutions , we provide smart meters, smart grid to make the industrial process more efficient
With the advent of IoT in Oil & Gas industry (O&G), it has been highly automated and connected. Internet of Things has touched nearly every area of O&G operations and customer engagement. IoT is generating new opportunities for O&G companies to achieve safety, efficiency, and visibility across the enterprise.
IoT has transformed several facets of O&G like evolving the market and environmental conditions and reducing the possibilities of failures and delays. IoT is at the heart O&G industry’s transformation. It connects assets, people, products, and services to streamline the flow of information. Also, it enables real-time decisions, heightens asset performance, improves process and product quality, and opens up new opportunities for the industry.
how IoT-enabled sensors can drive production efficiencies for O&G companies:
IoT in water treatment uses the concept of smart sensors installed at various points in the water system. These can collect data and send it back to monitoring systems. Smart technology can enable various components to rely on IoT for water utilities to reduce wastage.
There could be a controller that can monitor the pressure, energy efficiency, or the performance of a water pump and if required, initiate corrective action. A water quality sensor at a purification plant can help to assess the output of a cleaning system and send the results back to the software system.
This intelligent network of sensors and communication technologies for Smart Water Management can empower enterprises to leverage the benefits of big data analytics, cloud adoption and mobile computing to get actionable insights and reduce costs. The operations centre of the water management system can be located anywhere, empowered by Internet of things in water industry.
Automakers have correctly noticed a growing trend and a significant business opportunity for connecting their cars. BI Intelligence expects 381 million connected cars to be on the road by 2020, up from 36 million in 2015. Furthermore, BI Intelligence forecasts that connected cars will generate $8.1 trillion between 2015 and 2020.
Currently, automakers are connecting their vehicles in two ways: embedded and tethered. Embedded cars use a built-in antenna and chipset, while tethered connections use hardware to allow drivers to connect to their cars via their smartphones.
Steel manufacturing is an extreme environment defined by significant changes in temperature, vibration and safety risks. And in such an industrial setting, the signal-to-noise factor makes it difficult to decide which assets are worth the effort to monitor. Selecting the right equipment to monitor is important. In fact, there is a whole methodology around critical equipment analysis.
When sensors detected a temperature spike on one of the assets, users can be able to recognize this spike as a problem by creating a mathematical model based on past data and their by resolving the issue in very downtime.