Smart Energy Management: First Step Towards IoT Adaptation
- Oct 4, 2019 5:54 am GMT
One of the fastest ROI generating use case of Industrial IoT (Internet of Things) is Smart Energy Management. It is because the cost savings are immediate and significant. McKinsey & Company evaluated the worth of investing in smart energy management. Here are the estimates:
- Smart energy management solutions can reduce energy consumption in offices by 20%.
- Manufacturers can save 10-20% on energy bills by implementing IoT powered smart energy management solutions.
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