Introduction
Around 20% of electricity grids worldwide will need to be replaced by 2030.[1] Many of the grids in use today underperform for one simple reason: they were initially designed for specific purposes and then modified for other uses.
Historically, utilities deployed physical assets and operated them for decades. But, to ensure resilience for the future, modern electricity grids must embrace digital transformation and leverage data through smart infrastructure.
This means building smart grids and software platforms, and managing software as part of asset lifecycles that will now be much shorter.At the same time, the push for increased sustainability and decarbonized energy has brought about a need for energy providers to make a radical change. Energy-related greenhouse gas (GHG) emissions contribute to over 73% of all emissions globally.[2] The technological shift needed to reach these objectives requires the deployment at scale of smart infrastructure.
While navigating the move toward a more sustainable and resilient future, utility providers can use smart infrastructure to become more efficient, more agile, and more secure, while providing new services to their customers.
