Home Blog IoT 6 Benefits of Smart Meters for Utilities

6 Benefits of Smart Meters for Utilities

March 23, 2023
8 minutes to read

Written by:

Kostiantyn Oliynyk

Kostiantyn Oliynyk

Head of IoT at Webbylab

Kostiantyn started his career in IT at Webbylab, where he quickly grew from the position of a tester to the role of a manager and business analyst. When the company’s management decided to develop the IoT direction, Kostia became one of its key figures.

FAQ
How much does it cost to create your smart metering system?
The cost of creating your smart metering system can vary widely depending on several factors, such as the scale of the project, the type of technology used, and the level of customization required. You’ll face hardware, software, and installation expenses ranging from a few hundred dollars to several thousand.
Do smart meters need Wi-Fi?
Smart meters don’t necessarily need Wi-Fi to function. While some use Wi-Fi to transmit energy consumption data, others can employ different communication methods like power line communication (PLC) or cellular networks.
How can smart meters benefit businesses?
The benefits of smart meters for businesses include cost savings, better decision-making, more accurate billing, sustainability, improved efficiency, and enhanced customer experience.
What is the future of smart metering solutions?
Smart metering solutions will likely develop in cybersecurity, IoT, distributed energy resources, and advanced analytics. These technologies will also experience increased adoption across households and businesses.
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