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CONNECTING UTILITY
ASSETS USING LORAWAN
Introduction
Utilities are at the forefront of employing Internet of Things (IoT) technologies on their journey toward digital transformation. The
technology leading this charge is smart meters. For utilities, smart meters are foundational toward building tomorrow's smart grid,
ultimately enabling new operational efficiencies, new service opportunities, and new revenue streams.
According to a recent report by ABI Research, in 2018 there will be an installed base of 617 million smart meters and by 2023 this
install base will double to reach 1.34 Billion meters. Smart electricity meters are just the first wave of technology that is driving the utility
market's transformation; a second wave—through the deployment of smart water and gas meters—is just beginning.
IoT Market Opportunities for Energy and Water Utilities
Utilities are transitioning from distribution network operators to distribution system operators who can employ digital technologies. The
benefit is a more dynamic, adaptive, and interconnected utility distribution network, facilitating new use cases and benefits.
• Meter-to-Cash Services: Meter-to-cash services are defined by data acquisition and delivery activities that
are facilitated with smart metering and meter data management systems. The benefit is lower billing costs by
eliminating manual meter readings and reading errors. These services can also significantly improve
customer relationships and create opportunities for greater engagement with customers by putting them in
greater control of their usage and costs.
