Global tech report: Energy insights

Our research finds that the energy sector is more resilient and willing to take risks than other sectors, but it needs to increase investments in data capabilities and artificial intelligence (AI) to unlock its next wave of digital transformation.

Based on a comprehensive survey of 2,450 global technology leaders, this report examines the experiences of 122 energy technology leaders from 19 countries and provides valuable insights into digital transformation in the energy industry.

Energy is more resilient and willing to take risks than other sectors, but it needs to increase investments in data capabilities and AI to unlock its next wave of digital transformation. This report advocates that energy leaders must leverage data and decisiveness to drive the next wave of digital transformation within their organisations.

By methodically experimenting with AI use cases and leveraging cyber security frameworks, energy companies can protect against threats that could hinder digital innovation. While the energy sector matches or surpasses other industries in many IT disciplines, achievements are often confined to isolated functional areas rather than spanning entire organisations or ecosystems.

As technological innovation opens new potential in the energy sector, a balance needs to be struck between rapid adoption and a strategic approach to extracting genuine value from technology. Evidence-based decisions should be made to navigate through the hype and find resilient solutions, scaling new tools such as AI safely and responsibly.