Computerization paved the way for the Internet of Things, which plays a major role in the fourth industrial revolution.
Fremont, CA: We are currently going through the fourth industrial revolution, which is reshaping many industries. To mechanize production, stream and water power were used in the first industrial revolution, then electricity and assembly lines were used in the second industrial revolution. Computerization paved the way for the Internet of Things, which plays a major role in the fourth industrial revolution.
It is a network of interconnected devices with actuation capabilities and potential programmability. An IoT-embedded system connects different objects via networks, enabling real-time monitoring and management of data collected from various devices.
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What can IoT offer to the Electric Power Industry?
This industry relies heavily on IoT to solve most of its problems. Three core elements make IoT so popular: digitalization of assets, asset data collection, and algorithms to manage the interconnected network.
Electric power grid efficiency and performance can be enhanced at three levels by all of these components: data collected by different sensors enhances grid resilience, enabling power companies to manage resources more efficiently based on information collected from assets, ultimately leading to power generation and usage decisions.
The implementation of IoT increases efficiency, reduces unscheduled downtime, reduces costs, and minimizes assets' risks in the long run.
A smart grid
In today's electric power networks, a smart grid incorporates digital technologies, primarily digital control appliances and intelligent monitoring systems. Power distribution efficiency can be enhanced, costs for electric utilities can be reduced, and gas emissions can be reduced with a smart grid. It can offer a lot of potential economic and environmental benefits.
Modern grids are transitioning from one-way systems where power flows from generation stations to customers to multi-directional systems that can detect and manage decentralized consumption and production assets.
Electricity Industry Applications of Internet of Things
A power plant converts primary energy resources into electricity; a distribution facility distributes electricity to millions of people; and a transmission facility connects generators to distributors. Implementing IoT-embedded systems can significantly improve and develop all of these processes.