Energy Industry Embraces AI, But Digital Divide Grows Among Companies, DNV Survey Reveals

Energy Industry Embraces AI, But Digital Divide Grows Among Companies, DNV Survey Reveals

(IN BRIEF) A DNV survey reveals that nearly half of senior energy professionals plan to integrate AI-driven applications into their operations within the next year. The survey also highlights a growing divide between “Digital Leaders,” who are excelling in digitalization and adopting advanced technologies like AI, and “Digital Laggards,” who are struggling with early stages of adoption. AI is expected to significantly reduce energy costs by 2050, but challenges such as integrating legacy systems and resistance to change remain. Organizations that prioritize digitalization are likely to maintain a competitive edge.

(PRESS RELEASE) BÆRUM, 27-Aug-2024 — /EuropaWire/ — A recent survey conducted by DNV, a global expert in energy systems, reveals that nearly half of senior energy professionals plan to integrate AI-driven applications into their operations within the next year. The findings, detailed in DNV’s report “Leading a Data-Driven Transition,” underscore the crucial role of digitalization in the ongoing transformation of the energy sector.

The report highlights a growing divide between “Digital Leaders” and “Digital Laggards.” While 28% of companies are excelling in digitalization, showing optimism in achieving their revenue and decarbonization goals, 37% are lagging behind, struggling with early stages of technology adoption. Digital Leaders are significantly ahead in utilizing AI and other advanced technologies, with 69% planning to use AI-driven applications in the coming year, compared to much lower percentages among Laggards.

AI and advanced data analytics are seen as pivotal for the future of energy, with estimates suggesting that AI could help reduce clean energy generation costs by $1.3 trillion by 2050. However, challenges remain, particularly in integrating legacy systems and overcoming resistance to change.

Lucy Craig, Director of Growth, Innovation, and Digitalization at DNV, emphasizes that organizations leading in digitalization are poised to maintain their competitive edge by continuing to invest in digital technologies and fostering a culture of innovation.

About DNV
DNV is an independent assurance and risk management provider, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry standards, and inspires and invents solutions.

Whether assessing a new ship design, qualifying technology for a floating wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV enables its customers and their stakeholders to manage technological and regulatory complexity with confidence.

Driven by its purpose, to safeguard life, property, and the environment, DNV helps its customers seize opportunities and tackle the risks arising from global transformations. DNV is a trusted voice for many of the world’s most successful and forward-thinking companies.

In the energy industry
DNV provides assurance to the entire energy value chain through its advisory, monitoring, verification, and certification services.  As the world’s leading resource of independent energy experts and technical advisors, the assurance provider helps industries and governments to navigate the many complex, interrelated transitions taking place globally and regionally, in the energy industry. DNV is committed to realizing the goals of the Paris Agreement, and supports customers to transition faster to a deeply decarbonized energy system.

Media Contacts:

Neil James Slater
Head of Media Relations, Energy Systems
Phone: +44 2038165702

Penda Sall
Media Relations, Energy Systems
Phone: +33 651 69 88 64

SOURCE: DNV