Digitalisation is part and parcel of everyday life. It has now, rapidly some would say, made its way into every sector and the energy field is no exception. With more and more end-use sectors adopting digital technologies, the rebound effect on energy efficiency is highly significant.
The transportation sector has shifted to a smarter and more connected infrastructure, with new solutions such as automation and ridesharing reducing energy consumption in half.
Smart structures have shown that digitalization can cut energy consumption by about 15% by using real-time data to improve operational efficiency. Smart lighting and thermostats use predictive technology to envisage the needs of the user and creates a connected system where energy wastage is reduced.
The biggest industry that stands to benefit the most by adopting smart technologies would be the energy suppliers. The use of smart technologies such as smart sensors and data analytics not only decreases production costs but also helps in predicting equipment failures thereby improving the health and safety of workers.
The use of smart solutions is set to help save millions in the long run and is now a key enabler in the transition to a low-carbon energy system. It enables the end-user to break down traditional boundaries between demand and supply and creates a much-needed interconnected energy system which efficient and cost-effective.