February 22, 2024

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Digital Transformation of China’s Power Industry

Digital transformation is bringing a lot of positive change to just about every sector of society. The latest to benefit is China’s traditional power industry. By incorporating digital technology with power electronics technology, the domestic power industry is taking a major leap forward in the years to come.

As a whole, experts call it the digital energy industry. Already, they’re predicting rapid growth in the next decade with the timely union of the old-school power electronics industry and digital technology. To date, key players of the traditional industry are pivoting towards faster digitalisation. The best part is this is benefiting the planet too.

The essence of carbon neutrality is to promote the transformation of the energy structure towards low-carbon, electrification and digitalisation. The proportion of new energy power generation is expected to increase significantly, and energy digitalisation will progressively lower the dependence on fossil fuels by driving technological innovation.

– Digital Energy Industry Executive from China

With the acceleration of digital transformation, digital technologies represented by 5G, Big Data and Artificial Intelligence (AI) are speeding up their integration with traditional industries. The results are nothing short of phenomenal. These ICT technologies are playing an increasingly important role in saving energy, reducing carbon emissions and helping achieve the nation’s carbon peak and neutrality goals. That brings into play the field of power electronics, which uses the principles of electronics-usually employed to transmit signals in low-power devices at a much higher power level.

In light of the great promise of digital energy, China’s biggest power companies are making forays into the digital energy field by setting up independent departments or subsidiaries. The emphasis is on leveraging innovative technologies to accelerate the digital transformation of energy.

Another example is one of China’s biggest telecom equipment makers that has accelerated its business expansion into the lucrative segment. It recently established a digital energy department in December.

Moreover, many of these industry stalwarts today have the planet in mind when thinking about digital transformation. They know that the dependence on traditional fossil energy has become a major bottleneck hindering the development of the energy industry. These companies look up to digital to help them deal with the woes of the planet’s fossil-fuel dependence.

For instance, the telecom equipment maker will integrate its products and capacities in power, energy storage, data centres and energy management to promote the digitalisation of the energy industry, the company said.

Its zero-carbon energy network enables seamless energy management and scheduling, from power generation to the power consumption of the entire energy power supply chain. Lithium-ion batteries, solar energy, power distribution and transformation, and thermal control technologies have been applied in the energy network to improve energy efficiency and enhance power supply reliability.

Indeed, digital tech has allowed China to transform faster than anticipated. It has brought a lot of progress in just all sectors of its society. For instance, deliveries for online orders are now done without human drivers. Driverless vehicles and drones are making things a lot easier for everyone. It’s a step forward no doubt.

The country is strategic about its digital expansion. Looking for equitable development across the nation, Beijing is applying an East-to-West digital expansion stratgey. It’s a plan that achieves mulitple targets. Not only does it make the most of the vast space the Western provinces offer, but also it ensures greater digital adoption for everyone in-country. Still, it has huge challenges ahead. For one, a sizeable part of its population needs to be educated in science and technology, as reported on OpenGov Asia.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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