Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > Massive IoT enables Massive opportunities for Utilities
    Technology

    Massive IoT enables Massive opportunities for Utilities

    Published by Jessica Weisman-Pitts

    Posted on January 17, 2023

    6 min read

    Last updated: February 2, 2026

    An illustrative image showcasing various IoT devices and smart technologies revolutionizing the utilities industry. This visual highlights the transformative impact of massive IoT on smart grids and energy management.
    Visual representation of IoT devices impacting utilities sector - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationsustainabilityenergy markettechnology

    Quick Summary

    Massive IoT, alias massive Machine-Type Communications (mMTC), is already impacting multiple industries. From fleet management to environmental monitoring and smart grid management, to a host of consumer applications including smart watches, smart buildings and, ultimately, entire smart cities. It’s...

    Massive IoT, alias massive Machine-Type Communications (mMTC), is already impacting multiple industries. From fleet management to environmental monitoring and smart grid management, to a host of consumer applications including smart watches, smart buildings and, ultimately, entire smart cities. It’s truly a worldwide phenomenon, aggregating the power of myriad sensors, connectivity, and data processing to create new paradigms and solutions.

    Heralded by many as the future, clearly massive IoT can transform businesses. Given its obvious applications to the Utilities Sector – smart metering and smart grid management, is the sector harnessing the full value of these opportunities?

    Here, Alastair MacLeod, CEO at Ground Control, a satellite focused, IoT and M2M connectivity and critical communications provider, examines the opportunities and challenges; and how satellite communications can plug the critical gaps in connectivity to improve efficiencies, productivity, and worker safety.

    Massive IoT or mMTC is all around us. We live in a vast connected ecosystem of data-gathering applications that draw on comparatively low levels of data at their source but which when aggregated by the application vendor or, for example, Utility company, is simply enormous. Think smart thermostats, alarm & access control systems for the home, smart bulbs, smart meters – you see where this is going.

    Massive IoT is an information system that uses cloud and edge computing, big data, and AI to make huge amounts of data more accessible for individuals as well as for businesses, and not least Energy and Utilities. mMTC -enabled sensors allow for remote monitoring, maintenance and assessment of data across a wide range of applications, including smart grids, water plants, substations and much more.

    The sheer volume of devices involved in mMTC and their respective networks place ever greater demand on the network coverage, battery life and device cost, as well as the cost and resilience of the connectivity itself. Many of these devices are communicating through cellular – 4G and now 5G – networks and are reliant upon long-life batteries.

    At the same time, we are experiencing an ‘energy trilemma’ – the inherent tension between energy affordability, energy security and the environmental impact of most of the energy consumed on the grid. A perfect storm perhaps, but advancements in technology have a history of providing the solutions we need.

    A report by the International Energy Agency1 expects global energy demand to increase by 37% by 2040 and in a world that’s so connected, Massive IoT can be the catalyst for ensuring Utilities are more efficient, not least through periods of geopolitical unrest and instability.

    The Benefits

    On the flip side there are of course countless benefits. Remote monitoring in smart grids reduces human error and lost time in manual visits and processes, which can have a huge impact on operational efficiency and the bottom line. Likewise, predictive maintenance allows Utilities to forecast when equipment may fail, so servicing can be carried out to avoid costly downtime. And for smart meters, data is collected, sent, and evaluated in real-time by the Utility company, rather than once the energy is consumed.

    All this allows Utilities to provide real-time alerts around meter, grid damage or outages and adjust pricing and supply based on data insights if necessary. It can aid the monitoring and control power quality, and increase energy savings for the customer and install software updates, again in real-time.

    The Challenges

    With the ever greater adoption of mMTC inevitably comes a number of challenges. On the one hand there is capital outlay for Utilities operators, not least the modernisation or installation of new of hardware. However, much of the legacy hardware doesn’t need to be changed immediately. Furthermore, while battery-life tends to be very long, the cost to replace millions of batteries in the field for many Utilities may not seem a viable option.

    Ultimately, this highlights a scalability challenge for Massive IoT programmes within the Utilities sector. The ability to quickly adapt to surges, peaks, and troughs with the transfer of data, and of course, the accessibility of that data where connectivity indoors may be an issue – with many smart meters being housed in less accessible areas, such as a basement.

    And of course, there’s data security to be considered. With Utilities needing to ensure that the very minimum of customer data is required for the tasks at hand, and secure from the reach of hostile parties.

    Plugging the Gaps with Satellite

    To combat some of these challenges and simply, gaps, suppliers need to ensure ubiquitous and seamless connectivity, from the grid or smart meter back to the provider.

    Low power wide area networks (LoRaWAN), that connect devices wirelessly to their host network, help solve many of the needs of massive IoT in transmitting sensor data to a central gateway, and then forwarding these data packets as raw or processed data using satellite or cellular as WAN data backhaul. LoRaWAN is very cost effective and enables Utilities to embed arrays of monitoring sensors and instrumentation into their assets to constantly monitor and transmit key parameters such as temperature and fluid levels. Using LoRaWAN Utilities can implement preventive maintenance, offering greater value for their customers whilst reducing operational costs and strengthening the customer relationship.

    However, it is estimated that only 10% of the earth is supported by cellular2, whereas as Iridium Satellite Network covers 100%. Automating control across the entire network is enabling companies to respond rapidly to outages, fluctuations, and peaks in demand. Clearly, none of this is possible without reliable data and failsafe connectivity.

    Meanwhile, mMTC via satellite is helping Utilities workers in the field, where lone operators are constantly visiting remote areas outside normal cellular coverage.

    As Utilities and their customers navigate the energy trilemma, it’s vital that mMTC is not only helping the customer to be efficient with their energy consumption but that providers are able to ensure that both the grid and smart meters are delivering the data required to manage peaks and troughs in demand without costly downtime. Given the wide geographical footprint across which Utilities need to operate, satellite is becoming increasingly key.

    In sum, massive IoT is providing Utilities with the real-time information they require while the grids of tomorrow will become even more connected as infrastructure. Satellite communications will be pivotal to this now and in the future, because without a connection, nothing is smart.

    Frequently Asked Questions about Massive IoT enables Massive opportunities for Utilities

    1What is Massive IoT?

    Massive IoT refers to massive Machine-Type Communications (mMTC), which enables a large number of devices to communicate over networks, facilitating applications like smart metering and grid management.

    2What are smart grids?

    Smart grids are electrical grids that use digital technology to monitor and manage the transport of electricity from all generation sources to meet the varying electricity demands of end users.

    3What is predictive maintenance?

    Predictive maintenance is a proactive approach that uses data analysis tools and techniques to detect anomalies in equipment and potential failures, allowing for timely maintenance before breakdowns occur.

    4What is satellite communication?

    Satellite communication involves the use of satellite technology to transmit data, voice, and video across long distances, providing connectivity in areas where traditional communication methods are unavailable.

    5What is remote monitoring?

    Remote monitoring refers to the use of technology to monitor systems and processes from a distance, allowing for real-time data collection and analysis without the need for physical presence.

    More from Technology

    Explore more articles in the Technology category

    Image for Debtist: Digital Debt Collection for Modern Businesses
    Debtist: Digital Debt Collection for Modern Businesses
    Image for Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Infosecurity Europe launches new Cyber Startup Programme to champion the next generation of cybersecurity innovators
    Image for BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    BLOXX Launches ĀRIKI BLOXX at Web Summit Qatar
    Image for Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Engineering Trust in the Age of Data: A Blueprint for Global Resilience
    Image for Over half of organisations predict their OT environments will be targeted by cyber attacks
    Over half of organisations predict their OT environments will be targeted by cyber attacks
    Image for Engineering Financial Innovation in Renewable Energy and Climate Technology
    Engineering Financial Innovation in Renewable Energy and Climate Technology
    Image for Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Industry 4.0 in 2025: Trends Shaping the New Industrial Reality
    Image for Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Engineering Tomorrow’s Cities: On a Mission to Build Smarter, Safer, and Greener Mobility
    Image for In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    In Conversation with Faiz Khan: Architecting Enterprise Solutions at Scale
    Image for Ballerine Launches Trusted Agentic Commerce Governance Platform
    Ballerine Launches Trusted Agentic Commerce Governance Platform
    Image for Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Maximising Corporate Visibility in a Digitally Driven Investment Landscape
    Image for The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    The Digital Transformation of Small Business Lending: How Technology is Reshaping Credit Access
    View All Technology Posts
    Previous Technology PostDiebold Nixdorf Wins Global Banking & Finance Awards® Best Banking Technology Solutions Provider Europe 2022 and Next 100 Global Awards 2022
    Next Technology PostFrom Automation To Digital Transformation: Fintech Predictions For 2023