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#internet Of Things: $1.3 Trillion Savings
Views: 431
Jan 03 2018 02:50 PM | eds in Economy & Politics
According to the Electric Power Research Institute,
. . . US electric utilities have a
. . . $1.3 trillion opportunity to cut operating costs, over the next decade,
. . . by adopting technologies, and processes,
. . . enabled by the internet of things (IOT).
The rollout of 5G communications networks, over the next few years,
. . . will enhance remote monitoring, and
. . . other long-distance IOT functionalities.
These investments could reduce unplanned power outages dramatically,
. . . as plant operators would be able to forecast,
. . . when different components will need to be replaced.
Such a program would save millions in maintenance expenditures, and
. . . general operating costs over a facility’s lifetime.
1-3-2018 Source: #Internet Of Things: $1.3 trillion savings
. . . US electric utilities have a
. . . $1.3 trillion opportunity to cut operating costs, over the next decade,
. . . by adopting technologies, and processes,
. . . enabled by the internet of things (IOT).
The rollout of 5G communications networks, over the next few years,
. . . will enhance remote monitoring, and
. . . other long-distance IOT functionalities.
These investments could reduce unplanned power outages dramatically,
. . . as plant operators would be able to forecast,
. . . when different components will need to be replaced.
Such a program would save millions in maintenance expenditures, and
. . . general operating costs over a facility’s lifetime.
1-3-2018 Source: #Internet Of Things: $1.3 trillion savings
