Monday, October 2, 2023
NewsTrendsKE
  • Home
  • Business
  • Featured
  • Op-Eds
  • Women in Business
  • Technology
    • Phones
  • Lifestyle
    • Education
    • Deal
    • Politics
    • Sports
No Result
View All Result
NewsTrendsKE

Eaton study finds a gap between digital transformation and energy transition efforts

Admin by Admin
23 August 2022
in Technology
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on WhatsApp

Intelligent power management company Eaton has announced new research on the relevance of the energy transition in digital transformation planning for power-critical businesses.

Commissioned by Eaton, this S&P Global Market Intelligence report – The Intersection of Digital Transformation and the Energy Transition – highlights that although 77% of companies surveyed expect to transition away from their current power sources, only half are currently executing the digital strategies needed to navigate this shift.

Related posts

No Content Available

In addition, less than a third of companies track key sustainability and energy intelligence metrics, and even fewer (17%) have digitally enabled legacy systems.

“We identified a major gap in how businesses are applying digitalization to realize decarbonization goals and this research is a wakeup call, shedding light on the opportunities for businesses to focus investments and make a bigger impact,” said Aravind Yarlagadda, executive vice president and chief digital officer at Eaton.

“Businesses need to move far faster on digital transformation. The good news is that the time for action is now, and tools like our Brightlayer digital foundation help businesses gain deeper energy insights that are essential to evaluate worthwhile investments. Our industry-specific software suites are already helping customers meet these challenges.”

The study included 1,001 respondents who are involved in digital transformation efforts across four power-critical business sectors in North America, Europe, the Middle East and Africa, including buildings, data centres, industrials and utilities.

“Until now, enterprise transformation projects have focused primarily on optimizing business processes. The coming energy transition will impact digital best practices and processes and will prove an important competitive differentiator for firms that are first to embrace that approach,” according to Rich Karpinski, senior analyst, 451 Research, part of S&P Global Market Intelligence.

Sector research findings

Building owners and operators made clear power optimization and ESG reporting are critical issues. Sustainability is the top goal for this sector, prioritized by 46% of the sector respondent. Yet, building owners are skeptical that smart building initiatives will pay off: the top digital challenges include calculating a favorable cost/benefit analysis (cited by 52% building survey respondents) and a lack of pressing digital use cases (45%).

Data centers have embraced digitalization and are now looking for next-generation digital opportunities to either streamline operations or generate revenue to create competitive advantages. Next-step goals involve increasing use of renewables, cited by 50% of data center owners; improving energy storage, according to 47% of respondents; and making money selling power back to the grid, chosen by 34%.

Industrials have focused digitalization efforts on perennial challenges like addressing skilled worker shortages. Yet, digitalization addressing energy transition lags. Only 24% of industrials cited energy and power concerns as a key digital driver for industrial transformation. For industrials to maintain or gain a competitive upper hand, applying digitalization to the energy transition will be a key advantage.

Utilities are facing massive shifts in energy generation as renewables increase along with the need for increased digital intelligence. Digital transformation is essential to new business models and revenue sources, including support for electric vehicles (EV) through customer EV-charging needs (identified by 49% of utility respondents) or EV charging stations themselves (cited by 45%).

Tags: Digital TransformationEaton StudyEnergy Transition
ShareTweetSendShare
Previous Post

Why purpose should be a top business strategic priority

Next Post

Kenyan families to pay more than 1.75 times their household monthly income on school supplies – WorldRemit Survey

Related Posts

New Platform Seeks to Enable Businesses to Sell and Serve Customers on Digital Channels
Technology

New Platform Seeks to Enable Businesses to Sell and Serve Customers on Digital Channels

28 September 2023
OPPO Redefines Portrait Photography with introduction of Reno10 series to Kenyan Market
Phones

Charge Fast and Last Long: The Unmatched Power of OPPO Reno10 Series

26 September 2023
COKE STUDIO™ rolls out Nationwide Wi-Fi Hotspots to Amplify the Coke Studio Music Experience
Technology

COKE STUDIO™ rolls out Nationwide Wi-Fi Hotspots to Amplify the Coke Studio Music Experience

22 September 2023
TOSHIBA gear up for 2020’s Data Storage revolution as it eyes regional growth
Technology

TOSHIBA gear up for 2020’s Data Storage revolution as it eyes regional growth

20 September 2023
Internet in Africa
Technology

IT Firms CloudHop and Cloudflare Partner to Revolutionize Digital Landscape in Africa

13 September 2023
Sama to Hire and Train 2000 Youth and Women with Artificial Intelligence (AI) Skills
Technology

Sama to Hire and Train 2000 Youth and Women with Artificial Intelligence (AI) Skills

11 September 2023
Samsung introduces AI-powered food and recipe platform
Technology

Samsung introduces AI-powered food and recipe platform

6 September 2023
OPPO introduces its first-ever telephoto portrait camera in the Reno10 Series, launches 100 faces of Kenya Campaign
Phones

OPPO introduces its first-ever telephoto portrait camera in the Reno10 Series, launches 100 faces of Kenya Campaign

6 September 2023
Load More
Next Post
WorldRemit Money Transfer Exits Uganda Market

Kenyan families to pay more than 1.75 times their household monthly income on school supplies - WorldRemit Survey

POPULAR NEWS

  • Kenya_passport

    How to request and get your Kenyan passport delivered at their doorsteps

    0 shares
    Share 0 Tweet 0
  • Absa kicks off a food donation drive in Kenya

    0 shares
    Share 0 Tweet 0
  • Toyota Urban Cruiser SUV price and specs in Kenya

    0 shares
    Share 0 Tweet 0
  • Toyota Corolla Cross price in Kenya, a new compact SUV

    0 shares
    Share 0 Tweet 0
  • Stanbic Bank Kenya Branch Codes

    0 shares
    Share 0 Tweet 0
NewsTrendsKE

A news blog for readers who want more

Follow us on social media:

Recent News

  • OPPO A-Series A perfect Smartphone with Unbeatable Smoothness and Durability
  • Absa Bank relaunches its China Desk to support the growing trade between Kenya and China
  • Moody’s Affirms East African Development Bank’s Baa3 Rating with Stable Outlook

Category

  • Business
  • Culture
  • Deal
  • Education
  • Featured
  • Lifestyle
  • National
  • News
  • NT Factcheck
  • Op-Eds
  • Opinion
  • Phones
  • Politics
  • Sports
  • Technology
  • Travel
  • Women in Business

Recent News

OPPO Redefines Portrait Photography with introduction of Reno10 series to Kenyan Market

OPPO A-Series A perfect Smartphone with Unbeatable Smoothness and Durability

2 October 2023
Absa Bank Kenya PLC named as Top Employer 2023 in Kenya and Africa

Absa Bank relaunches its China Desk to support the growing trade between Kenya and China

2 October 2023
  • Home
  • Business
  • Featured
  • Op-Eds
  • Women in Business
  • Technology
  • Lifestyle

© 2023 NewsTrendsKE

No Result
View All Result
  • Home
  • Business
  • Featured
  • Op-Eds
  • Women in Business
  • Technology
    • Phones
  • Lifestyle
    • Education
    • Deal
    • Politics
    • Sports

© 2023 NewsTrendsKE

This website uses cookies. By continuing to use this website you are giving consent to cookies being used.
  • mp3 tiktok
  • video lesbienne
  • kao xxx
  • novinhas