Power management in a computer and/or monitor allows the product to enter low power modes when not in use, saving significant energy and drastically increasing battery life in portable devices.
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Plugging devices into more advanced, or 'smart' power strips let you designate "always on" status for products that need to maintain a network connection like your modem/router or pay TV set-top box while cuttong power off from devices like speakers and TVs when they are not in use.
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