Unexpected downtime costs industries billions of dollars each year, and the challenges of aging assets combined with many experienced professionals at or near retirement age have companies looking at the promises of IoT technology for answers.

The traditional way to measure power consumption of a device is to connect multimeters, oscilloscopes, or specialized power analyzers to the hardware that is to be tested. These tools are slow, difficult to set up, and make it difficult to measure the power consumption for more than a few seconds. Also, they typically require a fair amount of experience with electronics and electrical engineering.