Kongsberg Digital on LinkedIn: Top energy industry trends for 2024 (2024)

The energy sector is undergoing a shift towards digitalization. Digital technologies are transforming the way people use and companies produce energy, as well as how companies compete to meet their customers’ needs. At the same time, energy companies must tackle challenges such as rising operating costs, growing environmental concerns and heightened cybersecurity threats. In order to stay competitive in this environment, energy companies must invest in digital infrastructure, develop advanced analytics capabilities and embrace new ways of thinking and working. Unlocking the full potential of digital technologies won't be easy, but it must be done to drive innovation, growth, and pave the way towards a more sustainable future.https://lnkd.in/gdPcn4T5

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Our global tech report from the end of 2023 highlights key insights for the energy sector: - 61% of organisations see regulation as the key trigger for digital transformation- 85% are confident they have the right tech stack, but...- Many see a lack of skills as being the key barrier to transformation progressDo these insights feel familiar as you're working through your own transformation? Read more about the report here...

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Complexity and challenges of changing the world for the next generation!Managing an organization involves navigating through a web of interconnected factors that contribute to its complexity. At its core, complexity in organizational management encompasses various dimensions such as human behavior, technology, market dynamics, regulatory environments, and internal processes. Human behavior introduces a layer of unpredictability, as individual personalities, motivations, and interactions shape the organizational culture and dynamics. Understanding and effectively managing these dynamics require adept leadership skills, emotional intelligence, and a keen awareness of social dynamics within the organization.Technological advancements continually introduce new tools and systems that can enhance productivity but also add layers of complexity. Managers must navigate the ever-evolving landscape of technology, balancing the implementation of new solutions with the organization's existing infrastructure and workforce capabilities.Market dynamics add another dimension of complexity, as organizations must adapt to changing consumer preferences, competitive landscapes, and economic conditions. This requires strategic foresight, market analysis, and agility to pivot strategies as needed to remain competitive.Regulatory environments further complicate organizational management, as businesses must navigate a maze of laws, regulations, and compliance requirements. Failure to adhere to these regulations can result in legal ramifications, financial penalties, and damage to the organization's reputation.Internal processes, including decision-making frameworks, communication channels, and operational workflows, also contribute to organizational complexity. Streamlining these processes and fostering a culture of efficiency and collaboration is essential for effective management.Overall, managing organizational complexity requires a holistic approach that considers the interplay of various factors and stakeholders. It necessitates strong leadership, strategic thinking, adaptability, and a continuous commitment to optimizing processes and fostering a culture of innovation and resilience.On the edge of the technological frontier, energy transition projects have an added complexity: to change the parameters of profitability of the energy sector!Would you like to be ahead of this discussion and build the future? Come with us and let's co-create together!Energy Summit Global & Massachusetts Institute of Technology & MIT Technology Review Brasil Hudson Mendonça André L. Miceli

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Our electric grid is facing complex technological challenges intricately tied to the ambitious electrification process required to reach carbon neutrality goal.Stephen Magennis, Head of Energy & Utilities, EU at Expleo Group, details these issues in a pertinent article, explaining how the modernization of data management can facilitate the roll-out of smart grids to conduct data-driven operations and enable better decision-making, predictive maintenance, and energy distribution.The attached article shines a light on the numerous obstacles that the energy & utilities sector must overcome, such as technological immaturity, cybersecurity risks, and the skills gap. Technology is the driver of sustainable change, and it is crucial that these challenges are overcome quickly to develop solutions that benefit consumers and meet net-zero emission targets.

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The tech industry is one of the biggest contributors to global energy consumption.👉🏻 Data centers alone consume about 1% of the world's electricity. 👉🏻 The ICT sector was responsible for 3.7% of global greenhouse gas emissions in 2020.We need to create concrete steps to make a difference by:✅ Implementing energy-saving measures: Simple actions like turning off unused devices, utilizing power management techniques, and optimizing hardware configurations can lead to significant energy savings.✅ Optimizing Data Center Operations: By employing advanced cooling systems, improving airflow management, and optimizing server utilization, we can maximize energy efficiency in data centers.✅ Embracing Renewable Energy: Transitioning to renewable energy sources, such as solar or wind power, can help reduce the carbon footprint of our technology infrastructure.✅ Collaboration: By raising awareness and collaborating with stakeholders, we can drive the adoption of energy-efficient practices and influence policy changes. As consumers, we can play a huge part by choosing eco-friendly products and services and supporting companies that prioritize #sustainability. Let's work together to make the tech industry more sustainable and reduce its impact on the environment.Less talks; More action!

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Rising and volatile energy prices, fueled in part by geopolitical conflicts, are putting business leaders under urgent pressure to cut costs. Energy is eating up an increasing share of corporate budgets, leaving less funding for innovation and growth.AI is changing that today, helping companies optimize energy consumption, deploy renewable energy sources, and manage infrastructure for EVs. With the proper AI technology and energy expertise, any organization with sufficient digitization experience and infrastructure can tap the potential of AI to reduce operating costs while moving the needle on sustainability.

Rising and volatile energy prices, fueled in part by geopolitical conflicts, are putting business leaders under urgent pressure to cut costs. Energy is eating up an increasing share of corporate budgets, leaving less funding for innovation and growth.AI is changing that today, helping companies optimize energy consumption, deploy renewable energy sources, and manage infrastructure for EVs. With the proper AI technology and energy expertise, any organization with sufficient digitization experience and infrastructure can tap the potential of AI to reduce operating costs while moving the needle on sustainability.

Quintas Energy is delighted to announce its recent receipt of an EU grant from FEDER – the European regional development fund – for our project to boost digitisation, digital connectivity, and workforce mobility 📊FEDER is eager for European companies to utilise technology and adopt automated solutions to streamline information and business processes, as part of its overall mission to help enterprises work smarter and more competitively.For Quintas Energy, this meant implementing a technological strategy of decentralisation compatible with our current phase of international expansion. Our tech experts oversaw a mass transfer to the cloud of processes, systems, and infrastructure – making it possible for day-to-day operations to be possible from any location and freeing remote workers from having to depend on fixed office infrastructure."We are happy to confirm that all these objectives have been fully achieved, satisfying FEDER’s rigorous criteria," said Quintas CIO Rafael Hueso. "Following completion of the project, Quintas Energy's capacity for expansion is at its peak and the option of working from home for any team member is a material fact." Learn more in our latest blog: https://hubs.ly/Q02mlGgP0

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Rising and volatile energy prices, fueled in part by geopolitical conflicts, are putting business leaders under urgent pressure to cut costs. Energy is eating up an increasing share of corporate budgets, leaving less funding for innovation and growth.AI is changing that today, helping companies optimize energy consumption, deploy renewable energy sources, and manage infrastructure for EVs. With the proper AI technology and energy expertise, any organization with sufficient digitization experience and infrastructure can tap the potential of AI to reduce operating costs while moving the needle on sustainability.

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#Technology is driving a significant level of innovation in the utilities industry, which in turn is enabling some of the most sustainable energy solutions to come to the fore. Here are 10 #renewableenergy trends to keep on an eye on this year. re

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