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Energy leaders believe in technology as viable solution for industry transformation

Energy leaders data

Energy leaders in the U.S. believe in technology as an immediate and viable solution for the industry transformation, facing energy transition; a study conducted by the U.S. Energy Industry Report along with the Harris Poll has found.

Firstly, the study found that most energy leaders think that the industry is not taking enough measures for sustainability; and to really achieve net zero goals. In fact, 68% of the energy leaders who participated in the poll said their companies are not taking the proper steps to back up sustainability initiatives.

Secondly, 85% of them also agree on the fact that industry needs to be more transparent about the challenges that the industry faces; and also, what resources are needed to develop sustainable solutions.

Thirdly, on the other hand, leaders believe that technology is the most proper way to address those challenges. Indeed, 77% of them say transformative technology including integrated data on emission reduction is an immediate way to become more sustainable.

Moreover, 61% also conclude that technology is the most promising area of investment. Such were the words of Laurent David, Director Product Development of Aker BioMarine. “We recognize that digitalization and transformative technology will be the key to meeting climate goals.”

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Energy leaders agree on data as a way to better understand emissions

He also said. “We believe that operations efficiency leads to sustainability. In fact, we have initiatives in place in our Houston plant that will enable us to significantly reduce the CO2 intensity in our production; while also increasing our production capacity.”

In addition, the study also found that Manual data collection continues to be a top challenge; along with data quality and reporting frequency. Also, almost two thirds of the energy leaders polled, say that having perfectly integrated data could help their company better measure and understand how to reduce emissions.

Furthermore, respondents say the biggest benefits of using data to address sustainability in operations include: making information actionable; also, real-time decision making, contextualization, and breaking out of legacy systems.

Finally, Dr. Francois Laborie, Cognite President for N.A., said. “To be able to address carbon footprints, companies must liberate and contextualize data from legacy systems to make actionable decisions; and ultimately, streamline operations to address both sustainability and profitability. By harnessing the full insights of data and optimization technology, we can move toward a more sustainable future as an industry together.”

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