Digital Transformation in Energy and Utilities Industry with Energy 4.0
The past couple of decades have seen several industries increasingly adopting digital transformation solutions to leverage the potential of the latest digital transformation technologies. Although late to join the party, the utility and energy sector is now on the road to revolution. It is not enough for the utility and energy industry to simply make changes in their existing systems or review their current business models. It is crucial for the industry to completely reinvent itself and find ways to transform the way it conducts its business fundamentally. Traditionall y , the utility industry has been slow to adapt to the latest digital transformation technologies, unlike other healthcare or manufacturing industries. In order to be future-proof, the utility and energy industry should try to use specific technologies that can build sustainable infrastructure, meet changing customer needs, protect against competition and swaying market trends. According to IDC Utilities 2019 prediction...