IOT has been transforming the entire face of the future and has been the talk of the town for various reasons. This is also said to be the future face and based on which, several innovations are hitting the market. For a competitive advantage, innovation plays a vital role while digital transformation is said to be groundbreaking. Both combined together contribute to various small yet significant revolutions that make a huge difference.
By adopting the IOT technology, the industry’s access to cellular data is increasing and there is also a fragmentation of the market since there is a decentralization of the grids. Dealing with competition is not easy for traditional utility companies as they somehow fail to perceive why they should evolve in their approach and offerings as well.
The concept of smart meters
Electronic devices used for monitoring and recording the usage of gas, water and electricity collect data which is communicated to the company. It helps in gathering the necessary information that is needed to generate electricity, gas or water bills. It also helps to provide real time information on quality monitoring, send out the necessary notification and other such information. This is done with the help of sensors that provide real time information.
Full Connectivity between smart meters and Smart SIM’s
For the optimization of IOT, Smart SIMs has to be used along with the help of available cellular structures. They can be programmed to ensure that they are not depended on just one network; instead they have the ability to select any network automatically and make the necessary switch when needed. This will help to ensure that there is no broken communication between the meter and the SIM. This also helps the meter to stay in constant touch with the backend and provide the necessary updates when needed.
Countries slowly adopting this concept
Considering how useful these meters are, a lot of utility companies across the world are adopting the concept of smart meters. Although this is a concept that is yet to catch up, however, the countries that already have smart meters installed have seen a lot of benefits. It has also helped them to get some really useful information and has made their work a lot easy. While some countries have already started using smart meters, there are a few that are still testing it out and some are yet to adopt them.
The security concerns of Smart meters
Although smart meters are useful in a lot of ways, however, just like everything else, it does raise a few concerns.
Reigning in the number one position on the list is the security factor. The concerns that arise on this front are that there are possibilities that those using smart meters may be prone to cyber attacks. Experts who deal with the various concerns pertaining to cyber security have tested the smart meters that are used presently in Germany and UK and have stated that these systems have a very high level of protection against any cyber attack. In order for an attack to be successful, it would require huge financial resources and a lot of time and effort.
Safety and Health
Another concern that has been in the minds of those who are skeptical about smart meters revolves around the safety and health of those using it. There were also concerns pertaining to the health impact of using such meters had. As per the study made by the California Council on Science and Technology, these meters do not impact a person’s health.
Customer privacy is one of the major concerns and the same is applicable to those who had smart meters installed. These meters store a lot of important information which is essential in various ways. Protecting this data is very important and essential. This is why governments across the world that already adopted the Smart meter are working on a new set of laws which is focused on this front.