Internet of Things in Smart Grid: A Comprehensive Review of Opportunities, Trends, and Challenges
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The rapid advancement and implementation of Internet of Things (IoT)-based technologies have permitted numerous opportunities for technical innovations in diverse aspects of life. IoT technology has enabled the streamlining of processes in numerous fields, ensuring better efficiency of systems to improve the quality of life. This review paper emphasizes the significant research works that concentrate on the application of IoT to smart grids and summarizes the current work done. The paper also discusses the various challenges and opportunities in smart grids while implementing IoT, addressing the pioneering methods used in IoT along with their relevant application in different fields. The main outcomes of this paper are to provide 1) identification of feasible solutions to overcome the implementation challenges; 2) a clearer understanding of the existing technological advancements in IoT application areas; and 3) spread awareness among researchers and professionals in the field of smart grids and IoT.