The Impact of Digitization Towards Technological Revolution in the Power Industry

Abstract

ABSTRACT 

The power industry stands on the cusp of a technological revolution, driven by advancements in digitalization, renewable energy integration, and Smart grid infrastructure. One of the most significant shifts propelled by new technologies is the transition towards renewable energy sources such as solar, wind, and hydropower. Innovations in photovoltaic technology, wind turbine design, and energy storage solutions have made renewable energy more cost-effective and scalable, challenging the dominance of traditional fossil fuels. As a result, the power industry is undergoing a profound transformation, characterized by decentralized energy generation, reduced carbon emissions, and enhanced energy security. Furthermore, the proliferation of digital technologies is revolutionizing the way power systems are monitored, controlled, and optimized. Advanced sensors, Internet of Things (IoT) devices, and predictive analytics enable real-time monitoring of grid performance, facilitating proactive maintenance and fault detection. Additionally, artificial intelligence (AI) and machine learning algorithms are utilized to forecast energy demand, optimize generation schedules, and improve energy efficiency. These digital solutions not only enhance the reliability and resilience of power infrastructure but also pave the way for the emergence of smart grids capable of integrating diverse energy resources and accommodating dynamic demand patterns.