These metering devices are typically referred to as smart meters. While there’s a huge variety of them available on the market today, the biggest challenge is integrating various devices into a meaningful smart metering solution for a specific company’s use case.
Smart metering is typically used for accurate energy accounting and billing, but it can be also used for many other real-life use cases, such as, to optimize and eliminate wasteful practices on factory floors, spot water leaks or reduced gas pressure, encourage efficient fuel consumption, or prevent theft.