IoT and Infrastructure
Utility grids will be able to connect to the internet and communicate with energy providers and end-users in real-time. This information will be used to distribute energy more efficiently across the grid or allow end-users to better gauge power usage during peak hours.
The next iteration is an expansion to smart cities – traffic lights, trash cans, water and gas lines, all connected and sending service or status updates. This data transmission will help improve traffic and safety, while reducing maintenance costs. It is estimated that municipalities worldwide will increase their spending on IoT systems more than threefold, from $36 billion in 2014 to $133 billion in 2019.
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