Software and services—not hardware—shape Advanced Meter Infrastructure (AMI) business and its future
For years, the conversation around smart meters has been dominated by hardware with a business case built on labor cost-savings from billing automation (coined “meter to cash”). Increasingly, however, additional software and services are unlocking greater value than ever before from meter data, disrupting the utilities industry in the process. As the growing demand for use-cases of meter data creates new market opportunities—and likely new market dynamics—meter vendors will find themselves facing two choices: abandon the hardware-centric business strategy of yesterday, or be abandoned by the market of the future.
This whitepaper by IHS Markit | Technology highlights the impact of software and services to the utilities industry and meter-vendor business.