Why Utility Companies Are Transitioning to IoT Technology

By: Thomas Insights

The Internet of Things (IoT) is impacting practically every industry on the planet. By interconnecting various systems and tools, the IoT allows businesses to seamlessly share data among partners, track innumerable stats, and automate processes and operations for significantly enhanced efficiency.

Manufacturing and industrial companies, for example, are using the IoT to track shipments and sort products, while consumers are using it to set up smart home technologies that can track the items in their refrigerator and automatically adjust their thermostats.

And now, the Internet of Things is also impacting utility companies that provide power and water. But why are these businesses choosing the IoT over more traditional methods? The answer is manifold.