Digital transformation is on the tip of every business leader’s tongue. From the hottest startups to the most entrenched legacy enterprises, IT leaders and their colleagues in the C-suite are working overtime to digitize processes, push data to the edge, and connect everything they can to the internet.
If that sounds energy-intensive, that’s because it is. As the population continues to grow and businesses become more connected, there will be a remarkable increase in demand on the energy grid and a need to leverage key energy management technologies to help ensure adequate energy generation.
According to McKinsey, energy consumption is expected to double by 2050 due to electrification across critical use cases, such as the rise of electric vehicles and increased living standards creating a demand for modern space cooling and heating systems in developing countries.
From smart homes to smart cities, the world now depends on a constant energy source to live and work, making energy reliability more imperative than ever.