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