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08 August 2017

Digitalisation: the new reality

Defying the sceptics who see “digital transformation” as more hype than reality, new technologies are coming together to create opportunities for all industries, not least the power sector. It is only in the past couple of years that the enabling technologies – big data, the industrial internet of things, advanced analytics, cloud and edge computing, artificial intelligence, especially machine learning, and the rise of the “digital twin” – have reached the level of maturity needed to realise these opportunities. Gas Matters looks at what this means in practice for gas-fired electricity generation. A clear message emerges: be a leader in implementing digitalisation – to reduce costs, exploit new business opportunities and ultimately maximise profitability – or risk becoming uncompetitive.

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