New technologies and the Internet of Things

Is the Internet of Things (IoT) the key to the energy transition? Colin Yu, VP of Envision Digital, discusses how IoT can enable our sustainable future. He sees synergy replacing cost as the main priority of energy providers and considers how IoT is evolving. In the final episode of this series, Colin shares his experience of connected renewable energy sources and systems, drawing on Envision’s expertise in China to explain how deep knowledge of both the technology and local policy are crucial to the successful implementation of data driven – smart energy grids. He looks at how data sharing must become more widespread to unlock the value of digitalization on a global scale and considers how learnings can be transferable across international borders without running into regulatory issues. Finally, Colin explains why, like DNV, Envision has chosen Singapore as its digital hub, discussing the characteristics of the local economy and the government’s support for new technology in its quest to make the island state the world’s most livable city. *This episode was recorded live at the Singapore International Energy Week 2018.