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Press Release26 November 2024Smart InfrastructureZug, Switzerland
Organizations’ lack of data poses major challenge to decarbonization: Siemens study
The new report investigates how technology plays a role in accelerating progress towards decarbonization.
Digitalization is a key enabler of decarbonization
The main insights include the extent to which digitalization enables
more sustainable infrastructure, the importance of the right data to inform
decision-making on the path to net zero, and which technologies leaders expect
to have the greatest positive impact. Digital platforms are also seen to be an
advantage for businesses, with respondents rating the top five benefits of
their adoption as scalability; time and cost efficiency; faster
implementation; reliability; and interoperability.
"Digitalization is a powerful enabler of sustainability, and
decarbonizing our buildings, grids and infrastructure is within reach with
solutions that exist today. For example, with IoT driving down the cost of
smart building technologies, we can connect systems, reduce energy use, and
unlock massive savings," said Thomas Kiessling, CTO of Siemens Smart
Infrastructure. "To accelerate decarbonization and meet critical climate
targets, we must harness digital technologies like AI and IoT in a more
transformative way. The solutions exist, the savings are clear – there is no
reason not to act now."
Digital technologies were found to play a critical role in reducing
carbon footprints, optimizing resource use, and integrating renewable sources.
55% of respondents said that digital technologies have a significant or massive
potential to advance the decarbonization of their operations. However, with 45%
stating they see little or no such potential, many may not fully appreciate the
links between digitalization and decarbonization.
Data gaps pose a major challenge
Smarter, connected
infrastructure is key to energy management. Even though 54% of those surveyed
say their organizations are mature or
advanced in the data-driven management of their operations, the research also
finds that
one of the major challenges to decarbonization efforts is data availability. A considerable proportion
of respondents say they have little or none of the data they need in areas that
are key to improving decarbonization and resource efficiency: 44% lack
emissions data, 46% lack plant and machinery performance data, and 30% lack
energy consumption data.
Respondents also face hurdles in leveraging data even when it is
available due to limitations in their organization’s abilities to effectively
integrate, manage, and analyze data coming from a variety of sources. There is
a recognized need across organizations to increase the volume, improve the
quality, and enhance the availability of their data assets if they wish to make
informed decisions and achieve better efficiency and sustainability outcomes.
AI could be key to the energy transition
Based
on the results of the survey, it is clear that AI is the technology expected to
have the most positive impact on decarbonization and resource efficiency: 33%
of respondents believe AI to have the biggest impact in the next three years.
However, for now, other solutions contribute significantly to emission
reductions, including IoT, digital twins, smart grids, and edge technologies.
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Siemens Smart Infrastructure (SI) is shaping the market for intelligent, adaptive infrastructure for today and the future. It addresses the pressing challenges of urbanization and climate change by connecting energy systems, buildings, and industries. SI provides customers with a comprehensive end-to-end portfolio from a single source – with products, systems, solutions, and services from the point of power generation all the way to consumption. With an increasingly digitalized ecosystem, it helps customers thrive and communities progress while contributing toward protecting the planet. Siemens Smart Infrastructure has its global headquarters in Zug, Switzerland. As of September 30, 2024, the business had around 78,500 employees worldwide.
Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.