The economics of energy saving - The NationalVia Scoop.it - Web of Things
… The third application is in the day-to-day operation of a city. Once a sustainable city is built, the tool will be able to provide an accurate “live” model of its energy use, continuously analysing energy consumption data from all metered points within the city.
That model could then be used for forecasting, benchmarking, fault detection and diagnosis as well as continuous improvement of the demand-side energy performance.
Working hand in hand with the smart grid, that would allow us to “close the loop” and automate city processes. And that kind of convergence of the real and the virtual worlds would truly be an embodiment of the “internet of things” imagined by pioneering researchers as long ago as the 1980s.