AMI involves smart meters , 2 -way communications network , MDMS and backend IT Systems
Figure 25 : Architecture of Advanced / Smart Metering Infrastructure ( AMI ) Source : TNB [ Ref . 6 ]
7 . Internet of Things
Physical objects , such as infrastructure , plants , machinery , shipments , equipment and devices are being equipped across the world with networked sensors and actuators that enable them to monitor their environment , report their status , receive instructions , and even take actions based on the information they receive . This is what is meant by the “ Internet of Things ” ( IoT ). It is growing rapidly and it is disruptive to traditional business enterprises .
IoT refers to the use of sensors , actuators , and data communications technology built into physical objects that enable those objects to be tracked , co-ordinated , or controlled across a data network or the Internet . There are three steps in IoT applications : capturing data / information from the object , aggregating that information across a data network , and acting on that information — taking immediate action or collecting data over a period of time to design process improvements .
According to the MGI Report [ Ref . 3 ], the IoT has the potential to create economic impact of USD2.7 trillion to USD6.2 trillion annually by 2025 . Some of the most promising applications are in health care , manufacturing , electricity grid , urban water infrastructure and urban public transport system . To capture the potential value of these applications , enterprises will need to have
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