INFLUENCE OF DIGITAL TECHNOLOGIES AND DIGITALIZATION IN THE SECTORS OF ENERGY DEMAND AND SUPPLY

Authors

DOI:

https://doi.org/10.31732/2663-2209-2018-52-222-230

Keywords:

digitalization, digital technology, economy, energy

Abstract

The current dynamics of world processes in energy sector require to quick change responding and continuous improvement. In this article describes the current status of digital technologies and digitalization in energy, how they are affecting energy systems, what might happen in the future and what all this means for policy makers, companies and consumers. Digital technologies and digitalization is having a major impact on transport, buildings and industry: Transport is becoming smarter and more connected, improving safety and efficiency. In road transport, connectivity is enabling new mobility sharing services. Combined with advances in vehicle automation and electrification, digitalization could result in substantial but uncertain energy and emissions impacts. Over the longer term, road transport energy use could either drop by about half or more than double, depending on the interplay between technology, policy and behavior; Digitalization could cut total energy use in residential and commercial buildings. These efficiency gains are largest in heating and cooling, particularly through the use of smart thermostats and sensors. Smart lighting allows for potentially substantial cuts in lighting electricity demand. However, new services and comforts brought about by digitalization – as well as greater use of standby power by idle devices and appliances – could offset potential savings; Industry has been using digital technologies for a long time to improve safety and productivity. Digitalization could lead to further significant energy savings with short payback periods through improved process controls within industrial plants and beyond the plant fence. Three-dimensional (3D) printing, machine learning and enhanced connectivity could have an even bigger impact. Digital technologies and energy is a complex and constantly evolving topic. As such, this article is not definitive and exhaustive. Digital technologies are help to increase the security, performance, availability and sustainability of energy systems around the world, but they also create new risks for security and confidentiality. This leads to the purpose of this research.

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Author Biography

Є. А. Бобров, «KROK» University

Doctor of Economics, Department of National Economy and Finance

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Published

2018-12-21

How to Cite

Бобров, Є. А. (2018). INFLUENCE OF DIGITAL TECHNOLOGIES AND DIGITALIZATION IN THE SECTORS OF ENERGY DEMAND AND SUPPLY. Science Notes of KROK University, (4 (52), 222–230. https://doi.org/10.31732/2663-2209-2018-52-222-230

Issue

Section

Chapter 9. Innovative activities