IoT'S Impact on Development in the Energy Sector

The major facilitators of green energy changes and worldwide warming mitigation are the incorporation of alternative energy sources and electricity usage optimisation. There are several uses for modern technology, such as the Internet of Issues, in the field of energy, including supply, delivery, and demand. IoT may be used to increase consumption of clean energy, improve energy efficiency, and lessen the harmful impacts associated with electricity use. This essay summarises the material that has been published on the use of IoT in the energy sector generally and smart electrical grids in specific. Additionally, we go through IoT technologies that enable it involving the internet of things and various platforms for data processing. We also discuss the privacy and security issues that arise when using IoT in the energy industry, as well as a few potential fixes such blockchain technology. A description of the importance of IoT in the system's optimization is given to supervisors, energy the economists, including politicians in the energy sector by this survey.