Across the various cities and town, the supply of water has been a major problem as the demand of the water depends on various consumption factors and water distributors have to maintain the water supply in real-time to fill the gap between demand and supply. But, the challenge is to calculate the consumption trend. Various methods like keeping track of water consumption, not wasting water and detecting the overconsumption of water have been practiced a lot to reduce the water consumption around the cities. Fortunately, Smart Water Meters have been providing the perfect solution for water distributors and consumers to meet the volatile demand for water.
Many companies have been coming up with advanced solutions using Smart Water Meters to track water usage of individual houses to avoid wastage. With the installation of IoT Smart Water Meters, residents nowadays can track their exact water usage by following a pay-as-you-use system. Not only this, with more and more innovative technologies residents now have become more aware of their usage and are deliberately trying to reduce the wastage. By using an App on their Smartphones, residents can also control the water flow like managing the water connections and turning the valve off in case of any leakage.
Following are the features catered by IoT Smart Water Meters–
1. RENEWABLE ENERGY:
With the recent innovation and rapid growth in disruptive technologies and adoption, customer demand for renewable energy is increasing. Smart Meters has helped people by giving the insight to understand their own energy infrastructure investments. The utility companies can now better manage bi-directional power flows into and out of the smart grids.
Managing data from these smart devices became difficult especially when an individual grid management was needed by the customer. And this is where smart grid got enabled with the help of cognitive solutions. These solutions by understanding the real-time condition with the help of IoT helped in making the better decisions.
2. REDUCES CONSUMPTION:
Most of the Smart Meter initiatives came into existence because the affluent operational expenses were to be reduced and then moved towards efficient energy consumption by providing customers the transparent and real-time data. Combining Smart Water Meters with IoT has reduced the consumption of the energy, which is consumed during the distribution of water. With the use of the renewable energy, it was noticed that smart meters have saved around 10-15% of total energy cost.
3. EDGE ANALYTICS:
Edge Analytics has helped the utility companies to easily manage the complex and geographically distributed infrastructure which has increased the intelligence of smart meters. Edge Analytics when embedded with cognitive capabilities into meters, the usefulness and power of the smart meter increased tremendously. With the Edge Analytics in Smart Meters, the network bottlenecks have been reduced, the response time of the data sent to the central location for analysis got fast and only the necessary data is analyzed.
IoT Smart Water Meter has integrated new technologies and innovations across the power grid to reduce the costs and provide transparent and flexible pricing. With Internet Of Things, Smart Meters are enabling the Internet of Energy.