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“Digital Innovation” Article by Deloitte Insights Report

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Updated: Jun 8th, 2021

Modern scientific and technological processes are practically impossible without the widespread introduction and use of new powers and utilities. The sector of power and utilities is tightly connected with digital innovation, which makes it possible to solve many diverse scientific, technical and technological problems in the shortest time intervals. There are the speed and versatility that have made digital technologies so prevalent in modern branches of science and production, and the audience does not have to go far for examples. Digital innovation is a unique phenomenon that, over the past decades, has radically changed the life of each of the inhabitants of the planet.

According to the article “Digital Innovation” by Deloitte Insights, the introduction of digital innovations will occur at a faster pace every year. For example, by 2050, electricity will become 48 percent cleaner, according to the experts. In the future, the introduction of power and utilities will allow scholars to completely switch to digitalisations of human life, conveniently combining in one device the unlimited functionality of many items necessary for a person. Industries that intensively use digital technologies are developing twice as fast as average organisations.

Taking into account all the information discussed above, it appears logical to claim that the main benefit of the article is its focus on the practical outcomes of power and utilities. Experts suggest that disruptive forces transform the electric power sector, and leaders of power corporations plan their digital journeys, taking into account the impact of those forces. In the contemporary information era, humanity is preparing to take a new step in the development of digital innovation; thus, disruptive forces can make a significant impact on businesses in the power sector.

Furthermore, the article appears to be highly useful for the field of electricity and water authority; primarily, it can be successfully implemented in the organisation where I work, SEWA (Sharjah Electricity & Water Authority). This company aims to independently, in financial and administrative way, supply and generate water, electricity, and natural gas to Sharjah Emirates’ nationals and residents. According to the article, opportunities prevail in today’s energy and utility market will open up as the future unfolds, characterised by three increasing trends, such as decarbonization, electrification, and decentralization. The authors also highlight that other than moving electrons, power and utility companies are likely to see increased opportunities to establish value based on insights, data, and services. Thus, implementing the data from the article into its activities, SEWA should have real-time situational knowledge of its transmission, generation, and distribution assets to become efficient power company.

Moreover, the article emphasises that due to an increase in energy efficiency, the consumption of electricity in developed countries will no more grow in tandem with GDP incase. SEWA should be acquainted with this information in order to survive in the market. Under such circumstances, today, scientists are working to create a method that would allow the use of all the elements obtained. If the results of scientific work are positive, then humanity will receive a new alternative type of fuel, the resources of which will be unlimited. Taking into account the information from the article, especially the hypothesis that disruptive forces will soon reshape the whole power sector, I can significantly contribute to the development of power segment inSEWA. Accordingly, the findings of the article can be efficiently used during my professional career in SEWA.

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IvyPanda. (2021, June 8). "Digital Innovation" Article by Deloitte Insights. Retrieved from https://ivypanda.com/essays/digital-innovation-article-by-deloitte-insights/

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""Digital Innovation" Article by Deloitte Insights." IvyPanda, 8 June 2021, ivypanda.com/essays/digital-innovation-article-by-deloitte-insights/.

1. IvyPanda. ""Digital Innovation" Article by Deloitte Insights." June 8, 2021. https://ivypanda.com/essays/digital-innovation-article-by-deloitte-insights/.


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IvyPanda. ""Digital Innovation" Article by Deloitte Insights." June 8, 2021. https://ivypanda.com/essays/digital-innovation-article-by-deloitte-insights/.

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IvyPanda. 2021. ""Digital Innovation" Article by Deloitte Insights." June 8, 2021. https://ivypanda.com/essays/digital-innovation-article-by-deloitte-insights/.

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IvyPanda. (2021) '"Digital Innovation" Article by Deloitte Insights'. 8 June.

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