Digitalization is one of the challenges the energy sector has to face now – the future of the sector will be digital and networked. Digitalization brings a vast potential to the energy industry. But not much time remains to develop them: competitors from outside the industry, who already have a technological lead in digitalization, are already surging onto the market. Since these competitors frequently do not offer fully integrated services and only address sub-sectors, this provides considerable opportunities to the traditional players in the industry.
About the author
Michael Salcher is a partner with KPMG in Germany, German Head of Energy & Natural Resources.