The energy industry finds itself in a particularly tense environment. On the one hand, it is expected to meet rising global demand in a stable and trouble-free manner. On the other hand, this increase in production is expected to be cost-efficient and particularly climate-neutral. Digital technologies help to achieve these goals.
Digitization offers the energy industry extensive opportunities to develop new business models. Always with the aim of supplying each customer with exactly the amount of low-cost and environmentally conscious electricity that was determined based on their consumption pattern.
For example, IoT Analytics solutions evaluate weather data and control wind farms and waterworks based on their evaluations. Smart grids know exactly when the electricity consumption of a small town is at its highest and when they need to intervene to prevent fluctuations. Digital twins of the power generation plants ensure that the plants can be monitored around the clock and possible failures can be predicted in advance, or that repairs can be ordered immediately and automatically. Electricity thus becomes a safe and reliable product.