How we created IoT system for managing solar energy usage

hings/Objects/Devices of all shapes and sizes includes the extraordinary range of products functioning under the concept of IoT. A smart washing machine which washes clothes in the most efficient way possible (with minimal water, detergent, etc.) to autonomous vehicles, which uses its complex sensors to identify objects in their path, to fitness trackers that keeps a count of the heart rate, distance covered by foot, calories burnt, etc and recommend dietary, exercise plans which suits your body.

The concept of IoT in sports is also prominent and growing everyday. To keep a track on the athlete’s performance, GPS induced equipments are used to record the stats to analyse and improve their performance. Fundamentally, in this day and age the concept of IoT is almost everywhere around us to make our lives efficient.

But in recent years that slope has transmuted into a free fall.

Everything is or is being connected to the internet, hence IoT!

One such sector to benefit from this revolution is the healthcare industry touted to be a $117 Billion market by 2020.

Enterprises are going through a global digital transformation with IoT being at the center of it.

With smart devices recording various patterns of consumer behavior such as their interaction with AI, the conversion rate, consumer decision processes etc, this information coupled with machine learning, design thinking, the blockchain, and data intelligence, will be continuously churning out insights previously inconceivable.

Smart Homes: IoT at home

It has been an observation that industries across the globe face energy/power quality issues time and again.

In the expansive terms, the Internet of Things envelops everything that is connected to the internet.

The following are the benefits of having an energy monitoring system:

Monitoring and tracking the entire system with an efficient power monitoring device helps in fetching valuable insights top the electrical subsystems.

With an energy monitoring system, industries will find solace in several ways.

This helps the industry to identify the machineries that will become unproductive within a short span of time.

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According to a research report "Internet of Things (IoT) in Energy Market by Solution (Asset Management, Data Management and Analytics, SCADA, Energy Management), Service, Platform, Application (Oil and Gas, Smart Grid, Coal Mining), and Region - Global Forecast to 2025" published by MarketsandMarkets, The global Internet of Things (IoT) in energy market size is expected to grow from USD 20.2 billion in 2020 to USD 35.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.8% during the forecast period.

Major factors expected to drive the growth of the IoT in energy market include IoT in energy boost business productivity, advantage of IoT-based agile systems, rising instances of cyberattacks, and enhancing the health and safety of employeesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251659593Based on solution, the asset management segment to account for the largest market size during the forecast periodIoT-enabled asset management solutions are a combination of all processes, assets, workflows, and analytics into a single solution, which offer centrally consolidated tracking, monitoring, and analytics system for asset-intensive energy sector.

Asset management solutions include the management of energy meters, predictive asset maintenance, and control operations of assets.

In order to achieve the organizational strategic plan, the associated performance, risks, and expenditures over the lifecycle of assets are taken care of by asset management solutions.

Asset management solution offers many advantages such as improved capacity and utilization, operational visibility and analysis, proactive solutions for asset failure situations, safety assurance, and management of all assets from a single platform, extension of asset’s life, and improved return on assets.Based on application, the oil and gas segment to account for the largest market size in 2020The oil and gas application segment is leading the IoT in energy market in 2020; the segment is the most capital-intensive industry.

The adoption of IoT solutions is expected to improve the operational efficiency of the oil and gas segment, thus helping companies operating in this industry to sustain the drop in oil prices.

Internet of Things, we can easily say, is a revolution in making; and it’s going to be one revolution that we all reckon by.

It’s a concept fast gaining popularity amongst people from not just the technologically inclined people, but just about everyone.

Similarly, our cities are also being aimed at having a better technologically equipped transportation system, complete with inter-connected sensors to help streamline the traffic.

Internet of things development is also expected to take us towards a future that sees a better monitored and controlled lighting, pollution, power plants, and so on.

Healthcare is looking for a future that allows for an at-home health monitoring that is as good as a clinical health monitoring through connected sensors, a vastly better communication, and even well-connected wearables.

We are about to embrace a future where the healthcare landscape is an ever-improving one, where your doctor will get your blood pressure update without having to be present near you, or your sleep pattern could be relayed back to and tracked by your physician in real-time, or your EEG and ECG devices, your blood glucose and other vital sign checking devices would be connected and well-monitored over the Internet.

The kitchen has always been a natural home for gadgets, and it's the room which is most likely to be transformed by the Internet of Things. Here’s a summary of how the IoT world could play out when it comes to your kitchen.