Firms embracing digitalisation set to thrive
Climate change and regulatory intervention are combining to create unprecedented opportunities across the energy sector
The value of implementing digital technologies into businesses across the energy sector will intensify over the next decade—hastened by pledges to tackle climate change—participants in the afternoon session of IP Week heard yesterday. “New digital ecosystems that support carbon-neutral solutions will create billions of dollars, and in the longer-term create trillions of dollars,” says Sonia Van Ballaert, global client director at technology firm IBM Global Markets. The immediate priority for companies is to mitigate the effects of climate change on their operations. Data can be used to model or simulate business risks and lessen the impacts of catastrophic events, such as Hurricane Harvey i
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
