Smart Meter/Grid features and uses:<br />A smart grid delivers electricity from suppliers to consumers using digital technology to save energy, reduce cost and increase reliability and transparency.<br />Such a modernized electricity network is being promoted by many governments as a way of addressing energy independence, global warming and emergency resilience issues.<br />Smart meters are digital meters with two-way communication that send energy use information to the utility company.<br />In the future, electric energy use will be recorded every hour at your home and every 15 minutes at your business. Natural gas information will be available on a daily basis. This information can help you understand how you are using energy so you can make money-saving and environmentally friendly changes.<br />
Smart Meter/Grid features and uses:<br />The Smart meters will replace the current manual meters currently present across companies and homes.<br />The Information Technology (IT) security controls that utility companies have in place for smart meters reflect energy industry best practices. They are designed to provide a very high level of assurance.<br />Utility companies consider security a top priority as they are governed by state laws. <br />The other products that are currently available in market do a high level cost analysis of how much energy is consumed by devices in your home. Smart meter will have all the processes integrated and wont require separate units in the house for displaying information. <br />All analytic data will be provided to the clients on the utility company website.<br />
Cloud Computing<br />Cloud computing is a style of computing in which dynamically scalable and often virtualized resources are provided as a service over the Internet.<br /><ul><li>Cloud computing customers do not generally own the physical infrastructure serving as host to the software platform in question. Instead, they avoid capital expenditure by renting usage from a third-party provider. They consume resources as a service and pay only for resources that they use.
Other benefits of this time sharing style approach are low barriers to entry, shared infrastructure and costs, low management overhead, and immediate access to a broad range of applications. </li>