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With the trend of unprecedented growth in digital transformation expected to continue, the pressure felt by the energy sector will also continue to grow. One aspect of digital transformation, IoT, could have the answer.
The energy sector is at a crucial stage in its evolution, as rapid developments in Internet of Things (IoT) and related technologies continue to challenge its outdated infrastructure.
This, coupled with the global push towards renewable energy, is further threatening the reliability of traditional suppliers. It is also increasing the need for companies to streamline their operations, to accommodate multiple energy sources and improve the efficiency of their supply.
With global investment in IoT technology expected to surpass $60 trillion over the next 15 years, the opportunities to leverage this technology, in an effort to innovate services for the future are huge.
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