How easy it would be to literally see the public utility meters numbers, connect to a public utility server to take the end user price per kilowatt or cubic liter for example and keep a real time balance sheet capable of giving valuable insight to customers. Using the analogy of a pal that is keeping an eye on your mandatory expenses, let's call it PU-PAL.
In order to control public utilities expenses trying not to fall into an austere living, end users may have the possibility of using an electronic device and their phones, as a medium to get valuable insight based on the information of their services by reading directly the utility meters with a IOT device. Information like:
How many days (or any other unit of time) remains to reach a preset percentage value of past month expenses.
Time to reach a preset tipping point.
How fast is it consuming and at what time of the day.
What is the minimum consumption and at what time.
Further statistics to modulate the use of public utilities or set aside incomes for future spending (for example when family or friends visits on vacation).
Design and manufacture an electronic device with a prism system that being installed on top of the utility meter allows both an electronic sight and a human sight of the counting value (for human control).
The device could receive external electric power to keep it simple as the first viable model.
The device is capable of identifying through real time optimized computer vision the measuring and sending messages to a PU-PAL server.
The device is capable of connecting to the internet by any means actually available. WiFi, GPRS, etc.
The data access layer would be composed of the described server and at least other servers capable of connecting to public utility user information.
PU-PAL will require additional assets for analyzed data, control the frequency for requiring measured data per users and in this way classify various types of pay-per-service business model, stored user information, and further possible needs.
PU-PAL front-end reports intelligent insights to end users.
Do you find it useful, necessary? Do you identify any advantages in using it?
Do you agree with the PU-PAL name, do you think it could have legal problems, would you suggest another one?
Do you think public utilities providers will encourage the use of such a device?
What other functionalities you identify the product could have?