7/3/2023 0 Comments Best cloud money management(i.e., apps that use a lot of resources for short periods may be best for the cloud, where they can be accessed on demand). Determine a cloud business model : decide which applications to migrate to the cloud and which to store on-prem.Securing data in the cloud : secure the grid network to avoid hacking and protect data in a world of third-party sharing with techniques like strong authentication and access controls, data encryption, firewalls and intrusion detection, frequent software updates, backup procedures and employee training.See More: How IoT is Revolutionizing Remote Patient Monitoring and Chronic Disease Management Harnessing the Cloud and Securing DataĪs technology from utilities and in the home evolves, the amount of data generated will keep growing, leading to an urgent need to store, manage, analyze and secure information in the cloud efficiently. If cloud is not used to house and exchange IoT data, organizations will not be able to scale and will inevitably suffer as devices struggle to communicate with one another and valuable insights go unnoticed. To reap the benefits of IoT, organizations must develop a proper cloud strategy, which offers a scalable, flexible, and cost-effective way to manage large amounts of data. For instance, by using IoT data with automation, utilities can increase viability of microgrid and battery storage, drive load reduction, increase electric vehicle adoption and empower customers and employees through improved demand side management. If just a fraction of these devices can be used to generate meaningful insights for utilities, operations can be overhauled significantly. Additionally, in the US alone, electric utilities have completed over 111 million Opens a new window advanced metering infrastructure installations. ![]() There will be over 29 Billion IoT Opens a new window devices at the end of this decade. This is not a question of tomorrow but a matter for today. When forming a data roadmap and business plan, utilities must also develop the right infrastructure to leverage IoT devices. See More: Data as Currency: Consumers Willing to Pay for Personalized Experiences The Future of IoT
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