Internet of things can also be integrated with the Smart Grid, thereby enabling real-time energy optimization. Measurements, automated controls, plant optimization, health and safety management, and other functions are provided by a large number of networked sensors. The term industrial Internet of things (IIoT) is often encountered in the manufacturing industries, referring to the industrial subset of the IoT. IIoT in manufacturing could generate so much business value that it will eventually lead to the Fourth Industrial Revolution, so the so-called Industry 4.0. It is estimated that in the future, successful companies will be able to increase their revenue through Internet of things
Smart grids by country electricity networks looking towards 2020 and beyond. The very concept of Smart Grids as now starting to be deployed was developed in 2006 by the European Technology Platform for Smart Grids. Such concept concerns an electricity network that can intelligently integrate the actions of all users connected to it - generators, consumers and those that do both - in order to efficiently deliver sustainable, economic and secure electricity supplies. European Technology Platform identifies that smart grid employs innovative products and services together with intelligent monitoring, control, communication, and self-healing technologies in order to: The EU aims to replace 80% of