Digital technology is being embraced in many aspects of society, whether in a commercial context or within our personal lives.
A key industry embracing digital technology in the UK is the energy sector. Innovative digital tools like Artificial Intelligence (AI) and the Internet of Things (IoT) are helping us to embrace cleaner, more efficient energy as a nation.
With green energy becoming an increasingly important topic, it’s more important than ever to embrace the tools that can help us achieve net zero targets in the future. From offshore wind turbines in Liverpool Bay to hydropower projects in Dinorwig Power Station in North Wales, there are plenty of examples where this is being put into practice.
Here’s what you need to know about the digital technology that can help us drive these projects.
Optimising Operations with AI
AI has been integral to improving data management and forecasting at an industrial scale. In this instance, it can be used to manage smart grids that control the flow of energy in a more intelligent way. Machine learning is key to the way in which smart grids can operate effectively. It can help to detect faults while assisting with energy demand and establishing what is needed to meet this demand.
Outside of this, AI can be used to assist with solar forecasts and systems that help to balance fossil fuel and renewable energy. This can help those in the industry by reducing costs and improving efficiency.
Harnessing the power of IoT
IoT is being embraced across many sectors. In this instance, it can be key for monitoring renewable energy assets and improving data collection.
Technology such as static sensors and cameras with smart technology can allow energy workers to monitor efficiency and safety with accuracy. Data-backed decisions are of utmost importance in this context.
The likes of geothermal energy can be managed remotely as well, which frees up time and resources. This is also key for improving worker safety. IoT has also made it possible to use systems like SCADA (Supervisory Control and Data Acquisition) and performance management systems.
Even everyday technology such as smart meters has made a world of difference to those at home and across the energy sector, allowing consumers to use energy more efficiently. These offer real-time data that dictates how much energy is being used. Similar technology is used at a wider, more advanced scale at an industry level.
Data-driven decision-making with digital accounting
Digital accounting offers yet more opportunities to improve efficiency in the energy sector. It reduces the need for staff to perform manual tasks in the background that might otherwise be time-consuming.
Accounting software and cloud computing means that information can be accessed anywhere and by multiple users, which encourages a more collaborative approach. Real-time analysis also means that those who work in the energy sector can make informed investment decisions.
Empowering customers with smart grids
Smart grids are an important element of providing energy to consumers. They offer two-way communication between energy providers and those using the energy at the other end. This means that energy can be issued in a more efficient way based on consumer patterns in the home or elsewhere.
For example, more energy will be used during the daytime between certain periods. As touched on previously, this system can be powered by AI to improve efficiency.
