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Smart Energy (SE) has emerged as a critical technology in tackling global challenges like climate change while addressing the rising energy demands driven by today's data-intensive industrial revolution. SE integrates information and communication technologies into energy systems, optimizing them to meet these challenges effectively. At the core of SE operations are smart meters, playing a fundamental role in ensuring efficient functionality. These devices collect data, which is then leveraged to derive Business Intelligence (BI) for operations across the entire spectrum, from the sensing infrastructure to the cloud, primarily utilizing the Internet of Things (IoT) technology framework. With the increasing complexity of operations and the growing demand for optimization and enhanced functionality, the SE technology stack is evolving to integrate across all layers and domains. This integration has led to the stratification of computational load across IoT layers, intensifying the dependence on smart meter data for BI. Consequently, smart meters themselves have evolved to become more functional and complex. This paper's novelty lies in its comprehensive exploration of the integration of BI with smart meter data. It delves into various aspects, including the different layers of intelligent operations within SE systems, the current state of the art, and diverse implementations of smart meters and their applications across operational locations, ranging from consumers to fog computing. The paper concludes by identifying research gaps and future directions, offering insights into the evolving requirements for the next generation of SE systems and the necessary adaptations in smart metering infrastructure to support these roles. This work contributes to a better understanding of the evolving landscape of data and computation in the context of SE, facilitating more efficient and effective energy management solutions.
Smart Energy (SE) has emerged as a critical technology in tackling global challenges like climate change while addressing the rising energy demands driven by today's data-intensive industrial revolution. SE integrates information and communication technologies into energy systems, optimizing them to meet these challenges effectively. At the core of SE operations are smart meters, playing a fundamental role in ensuring efficient functionality. These devices collect data, which is then leveraged to derive Business Intelligence (BI) for operations across the entire spectrum, from the sensing infrastructure to the cloud, primarily utilizing the Internet of Things (IoT) technology framework. With the increasing complexity of operations and the growing demand for optimization and enhanced functionality, the SE technology stack is evolving to integrate across all layers and domains. This integration has led to the stratification of computational load across IoT layers, intensifying the dependence on smart meter data for BI. Consequently, smart meters themselves have evolved to become more functional and complex. This paper's novelty lies in its comprehensive exploration of the integration of BI with smart meter data. It delves into various aspects, including the different layers of intelligent operations within SE systems, the current state of the art, and diverse implementations of smart meters and their applications across operational locations, ranging from consumers to fog computing. The paper concludes by identifying research gaps and future directions, offering insights into the evolving requirements for the next generation of SE systems and the necessary adaptations in smart metering infrastructure to support these roles. This work contributes to a better understanding of the evolving landscape of data and computation in the context of SE, facilitating more efficient and effective energy management solutions.
Smart energy has evolved over the years to include multiple domains integrated across multiple technology themes, such as electricity, smart grid, and logistics, linked through communication technology and processed in the cloud in a holistic way to deliver on global challenges. Advances in sensing, communication, and computation technologies have been made that enable better smart system implementations. In smart energy systems, sensing technologies have spanned multiple domains with newer techniques that are more accurate, have greater dynamic ranges, and are more reliable. Similarly, communication techniques have now evolved into very high-speed, flexible, and dynamic systems. Computation techniques have seen a quantum leap with greater integration, powerful computing engines, and versatile software stacks that are easily available and modifiable. Finally, the system integration has also seen advances in the form of management, automation, and analytics paradigms. Consequently, smart energy systems have witnessed a revolutionary transformation. The complexity has correspondingly grown exponentially. With regard to smart meters, the measurement component has to scale up to meet the demands of the evolved energy eco-system by relying on the advancements offered. The internet of things (IoT) is a key technology enabler in this scenario, and the smart meter is a key component. In recent years, metering technology has evolved in both complexity and functionality. Therefore, it must use the advances offered by IoT to deliver a new role. The internet of things (IoT) is a key technology enabler in this scenario and the smart meter a key component. In recent years, metering technology has evolved in both complexity and functionality. To deliver on its new role, it must use the advances offered by IoT. In this review, we analyze the smart meter as a combination of sensing, computing, and communication nodes for flexible and complex design paradigms. The components are, in turn, reviewed vis-à-vis the advances offered by IoT. The resultant gaps are reported for future design challenges in the conclusion. The identified gaps are the lack of usage of the full spectrum of the available technology and the lack of an inter-disciplinary approach to smart meter design.
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