How the Internet of Things (IoT) will drastically impact; how modern society interacts with technology; how will technology will understand human requisites, these are some of the questions that are doing the rounds among the curious sect of the society. It’s kind of difficult to picture a scenario where IoT is making a difference in the way citizens utilize and pay for the utilities. That said, one reality is that IoT technology should end the scenario where people receive utility bills and feel shocked by the amounts.

Aside from offering metrics that let people see the biggest demands on utilities, some IoT platforms provide suggestions for the most proactive and practical ways to minimize usage in a home. Moreover, utility companies depend on IoT technologies to streamline their business practices, typically saving time and bringing more benefits to customers.

Our increasing use of home automation technology through the Internet of Things (IoT) has the potential for substantial energy savings and greenhouse gas emissions reductions, according to the study released by the Consumer Technology Association (CTA). The study The Energy Savings Potential of Home Automation Technology finds widespread adoption of home automation products such as temperature, circuit and lighting control, if used for energy savings purposes, could collectively avoid up to 100 million tons of CO2 emissions and reduce total residential

primary energy consumption by as much as 10 percent. This kind of savings is more than consumer electronics' share of residential primary energy consumption (8.4 percent) according to a separate CTA study.

In a manner of short listing (though the list is quite long), there are a few areas that IoT can help;

Electricity - A smart meter can help avoid energy wastage by closely tracking and controlling the electricity consumption of the consumers. The points where energy is being used maximum and by which device, can be reported too. Once you set up a smart meter, it can not only monitor consumption but also provides a holistic report on energy usage, conservation tips and the health of the appliances that are currently being used.

Water Management- No, it’s nothing like the normal water meter, a smart water meter can measure consumption at a metering point and communicate to the central data servers in real time. It not only helps in recording consumption accurately but it also monitors water infrastructure in real time. Modern smart water meters can distinguish between normal and abnormal consumption by continuously monitoring the change in flow quantity and flow rates. The detailed consumption information helps the consumers alter their behaviour to bring in savings.

Home Security: IoT can not only make your home smarter, but it can also make it a lot safer. An IoT based home security system can make surveillance of your house easier while you are away. One can remotely monitor all the devices, receive alerts in case of any trespass or be able to determine if there is a false alarm. It provides greater visibility for your home through real-time surveillance.

LPG Usage and Leakage: This pretty much didn’t require an IoT deployment, since most of us can smell a leakage at our homes. However, monitoring the level of LPG in the cylinder and being aware of a leakage is a nagging problem that many households face. An IoT device can measure the cooking gas level and can send an alert on the user’s smartphone in case of any leakage.

IoT for Home Automation: A smart home with connected devices can be comfortable and convenient for a homeowner. From smart switches to air quality control, IoT provides a sizeable range of possibilities in home automation. The idea of a smart home focuses on creating a living experience that is convenient, safe and stress-free.

Let these 5 touchpoints sink in. There are a plethora of more IoT devices that can help transform the way people carry their household interests.