As global energy demand and urbanization continue to rise, fossil fuels are being exhausted and the economic as well as environmental costs of energy production increase. This stresses the need for not only reducing consumption but also improving the efficiency of how energy is produced, managed and distributed.
As a result, utilities today are required to become more energy efficient while, at the same time, optimizing operations, increasing cost efficiency and providing even better service to end-users. Smart metering is a central part of the solution, because you cannot optimize what you do not measure. Frequent and accurate meter data provide utilities real-time insight about their distribution network, the end users and the buildings they supply.