Energy Digital Magazine June 2024 | Page 100

TECHNOLOGY COMPANIES
significantly extends the life of new , and even decades-old , electrical equipment .
“ Equally , real-time monitoring of equipment in digitally driven industrial plants can help to lower production costs , meet regulatory compliance , and mitigate environmental impacts .
“ When you consider the tangible savings on capital expenditure which can be made , besides speed , performance , and productivity gains , it ’ s hard to ignore the business case of investing in a more sustainable digital infrastructure . This shift not only reduces costs , but also aligns businesses with sustainability goals , making it a lucrative and accessible strategy for long-term growth .”
Technology plays pivotal role in securing energy ’ s future Ashiss is firm in the belief that without technology , the energy transition could not reach the milestones it has , nor the ones ahead .
“ Digital technology is a catalyst for holistic energy transition ,” he continues . This is thanks to its ability to analyse relevant data , facilitate informed
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