The property and casualty insurance industry is taking a closer look at the potential for smart home devices. Observers expect that smart homes will have a similar effect on home insurance that telematics and the connected car did for auto insurance. Soon, carriers aim to use connected-home technology for claims avoidance, underwriting and improved interactions with homeowners beyond just creating a policy.
Much of the Internet of Things will run on the same networks that smartphones use, cellular giant Verizon says.Despite the prospect of new networks that reach farther than cells and let IoT devices communicate for years on one battery charge, many of the power-sipping networked objects to be deployed in the coming years will use LTE and future 5G cellular systems, a Verizon executive said in an interview Wednesday.Many legacy IoT devices, also called M2M (machine-to-machine), use 2G or 3G networks now. Carriers want to phase those out in the coming years to shift their frequencies over to newer networks.
Verizon, and other cellular carriers, have long been in the utility business, primarily providing backhaul communications services for utility operations. With massive, secure networks and decades dealing closely with customers, carriers like Verizon are finding new revenue streams and business models in the energy space.
From building energy management that can be white-labeled by a utility to customer engagement platforms that can also be used for internal operations, Verizon is looking far beyond its current role as a communications provider for backhaul and metering services to its utility customers.
Leading cellular smart grid software organisation, Grid Net, have announced that they are extending their software platform, and have added a range of new features that support 3G public cellular smart grid deployments. Available immediately, the Grid Net Platform, v2.7, adds performance and features to utilities and telecom carriers.
The Grid Net platform is a highly distributed, centrally-managed smart grid network operating system, which now supports more private and point-to-point broadband networks, such as 4G LTE, 4G WiMAX, 3G UMTS, EVDO CDMA and Ethernet over Fiber Optic, which is more than any other grid platform currently available.
Grid Net, the leading cellular smart grid software company, today announced that it has extended its software platform and added a wide range of new features to support 3G public cellular smart grid deployments. The Grid Net Platform v2.7, available immediately, brings compelling performance and feature functionality to both telecom carriers and utilities.
“Grid Net pioneered the cellular smart grid model in 2008 with our first private 4G WiMAX deployment at SP AusNet,” said John W. Combs, Chairman and CEO of Grid Net. “Over time, as component prices and bandwidth costs decreased, both telecom carriers and utilities signaled a willingness to move forward with 3G cellular public networks. It is a significant challenge to create a secure and cost effective smart grid over public networks, but we have done it with v2.7, our most advanced cellular smart grid innovation to date.”
Grid Net, the leading cellular smart grid software company, today announced that it has formed a strategic partnership with NetComm Wireless, the leading developer of innovative broadband products for telecommunications carriers. NetComm Wireless will design, develop, and manufacture Grid Net-enabled 3G Cellular Communications Cards for smart grid devices worldwide.
The smart grid is heralded as the next big opportunity, but are carriers jumping to get involved?
Maybe people were wondering why former Vice President Al Gore gave a keynote at the CTIA conference in Las Vegas last year. Or maybe they were wondering why this year in San Diego, CTIA invited a keynote from PG&E? Look no further than the smart grid for your answer.