| | JULY 20198E ERGYTech ReviewForbes recently published a list of top 10 trends for 2019, in which the use of data analytics made two appearances in the form of data monetization and IoT edge processing, while growing concerns over climate change (and the resulting shifts in policy and regulation), made another. In addition, DNV GL's 2018 Energy Transition Outlook predicts that electricity consumption will more than double by mid-century to meet 45 percent of world energy demand--with solar PV and wind energy supplying more than two-thirds of that electricity. The digitalization of renewable energy assets will undoubtedly play a key role in enabling this substantial increase in generation, with data analytics leading the way into the digital transformation.Energy markets are becoming increasingly complex--presenting a number of challenges that must be overcome before the benefits of data analytics in asset management can be fully realized. For instance, operational technology and information technology were two virtually isolated worlds that are now being integrated through industrial software platforms. There is a large amount of `dark data' from legacy From Data Analytics to Data Custodian: The Future of Asset ManagementBy Nicolas Renon, Executive Vice President & Regional Manager, APAC, DNV GL - EnergyNicolas RenonIN MY OPINION
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