Take a quick look around, and you’ll quickly see that half of your home is not connected. The Internet of Things (IoT) has brought new ways to record information and to provide access to incredible amounts of data. If you are a property owner, you may be interested in light controls and doorbell cameras. However, if you own a multi-tenant building, you may want to consider the benefits of upgrading to smart metering. This advancement, not only, can pay for itself, but it can make your location a more desirable property to live in.
Why It Matters
Smart metering is simply a type of electronic device that works to record the use and consumption of electric energy within a space. There are various types of systems in place. Depending on what you select, you will have a way of monitoring the amount of electricity being used at any location. These devices are able to report back each hour (or less frequently depending on your need) the amount of consumption taking place. It helps to communicate this information back on a routine basis, at least one time a day. This ensures it is always possible to know how much electricity is being used by each client or resident on a routine basis.
In addition to this, the most modern smart metering systems go a step further. They allow for two-way communication. This allows for the central system, such as a utility company, to connect with and communicate with the meter on the resident’s site. As a result, they can track down time and even send out help before you can all for it.
Smart metering is just that – it’s a wise investment into the proper management of utilities. It can help with budgeting and fair allotment of costs associated with utility usage.