In the era of digital technology, most industries have undergone transformation to be relevant to customers, maintain competitive edge and sustain their businesses. Other industries too need to prioritise digital technology and manage the transition to create smart-digital communities. The power industry is already facing significant disruption due to renewable energy, low gas prices, and ambitious decarbonization goals which are changing the customer preference. According to the International Energy Agency (IEA), global energy demand would continue to increase and pressure is mounting on the energy sector to transform. Now, the goal of the power industry is to provide global access to clean, reliable, sustainable and secure electricity by creating new energy ecosystems which facilitate economic growth. This can be achieved by integrating physical, digital and advanced-analytics technologies. Our virtual summit “ENERGY 4.0: TODAY’S VISION-TOMORROW’S REALITY” will address the current and future perspectives of technology in energy sector.
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