The “economies of scale” paradigm that guided development of existing electricity systems, refineries and transportation systems was based on a rational technical and economic framework. Comparisons between digital economies and asset heavy-infrastructure often oversimplify the rate of change possible in energy systems.
It will require creativity and robust foresight to addressing immediate energy sector needs while also planning for future needs in an ever-evolving social and technical landscape. The latest technologies in electricity generation, assessment and planning tools such as GIS mapping and Big Data as well as the digitalization of many existing technologies can meet this challenge.
According to market researchers, by 2025 the majority of energy companies in the world will not own ANY infrastructure and/or generation assets. We are moving away from the era where large (traditional) corporate and/or government balance sheets are required to fund cross-industry innovation.
During this session, industry leaders, visionaries and experts will present their ideas and experience in the context of a transformational trend called “Digital Darwinism.” Digital Darwinism is defined as the societal and technology adoption that is evolving (often leap frogging) much faster than the business, regulation/policy ecosystem.