The whole energy system is awaking to the significant impact that digital is having on its transition towards a different level of energy management.
The industrial internet of things (IIoT) has been accelerating in its use and recognition of what the digital enterprise is meaning. They recognized that organizations that deploy data and technology are recognizing the advantage of continuously evolving all aspects of their business model in its efficiency, effectiveness and value impacts.
The increased emphasis on digitalization has enabled a different level of connected value. Today, digital momentum is beginning to have the same level of impact in the energy world, we are crossing the digital tipping point. Continue reading “You decide. Energy Transformation or Disruption? A tipping point.”
Today energy needs transforming; it needs to have digital energy solutions fundamentally designed-in.
We are in a new age, the technology age and much needs to be challenged and pushed into the energy systems in significant ways; it needs to transform the way we manage energy.. This is no different from the arrival of the industrial age; it changes society dramatically. One industry that needs a really serious catch-up and becomes better connected is the energy system.
We are dealing with a completely different set of mindsets, skills, procedures, governance, processes and responsibilities. The energy manager has been focused on the physical. The investments in oil rigs, getting coal, oil or gas out of the ground, in providing the infrastructure, in power generation turbines, in delivering power all are heavy on the physical need and investment returns from these assets.
The massive shift today is less so on getting something out of the ground, it is harnessing wind, solar and water. These are far from asset-light alternatives, but they have a need to be managed very differently. Continue reading “Putting Digital into Energy”
We are at that time that we are getting to the point of the digitalization of Energy in a holistic way, not piecemeal, as in the past. This change is going to take a massive mindset shift within the energy industry. We need a dedicated internet of energy that brings energy together in ecosystem designs and platform delivery. It is time to deliver digital into energy solutions.
There are so many pressures to invest fresh capital to replace existing ageing infrastructure, to adapt energy sources increasingly to accommodate renewables, and to build out the resilience within the energy system, adding new storage options and reduce the variabilities and demand fluctuations.
You can go on and on in need to invest in a very challenging, changing environment for energy. Layering-in digitalization on top just adds to the need for change, we need to fully integrate it as a core necessity.
Having a greater insight and understanding of the management of energy is going to prove crucial in the future and “going digital” provides the essential energy transformation we need, being connected up. Continue reading “Building the Digital solutions for the Energy System”