AThe move towards renewable energy is reshaping the industry. There is enormous environmental and regulatory pressure to move from fossil fuels to renewable energy sources, and that means the industry has to diversify and innovate. Companies are also working to ensure they operate sustainably – capturing carbon emission data and measuring their environmental footprint.

AHere are a few:

• Industry leaders are partnering with smaller LLCs and universities to fund innovative research into environmental management, renewables, and sustainability.
• C-suite executives are creating strategies to prepare for the next 5 to 10 years by investing in transformative digital technology like generative AI, IoT, and big data.
• Organizations are analyzing work streams to identify gaps and to find ways that digital technology can help them tackle the bottlenecks in their workflows.

AIt's definitely possible, and it’s happening now with the new digital technology being used in plant operations. For example, companies are investing in smart devices and wearables that increase efficiency by automating manual tasks, but also alert workers to hazards and unsafe conditions. The company benefits from operational efficiency and overall cost reduction, while also improving worker health and safety.