LAPSE:2023.30538
Published Article
LAPSE:2023.30538
Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector
April 14, 2023
In the 21st century, it is becoming increasingly clear that human activities and the activities of enterprises affect the environment. Therefore, it is important to learn about the methods in which companies minimize the negative effects of their activities. The article presents the steps taken and innovative actions carried out by enterprises in the energy sector. The article analyzes innovative activities undertaken and implemented by enterprises from the energy sector. The relationships between innovative strategies, including, inter alia, digitization, and Industry 4.0 solutions, in the development of companies and the achieved results concerning sustainable development and environmental impact. Digitization has far exceeded traditional productivity improvement ranges of 3−5% per year, with a clear cost improvement potential of well above 25%. Enterprises on a large scale make attempts to increase energy efficiency by implementing the state-of-the-art innovative technical and technological solutions, which increase reliability and durability (material and mechanical engineering). Digitization of energy companies allows them to reduce operating costs and increases efficiency. With digital advances, the useful life of an energy plant can be increased up to 30%. Advanced technologies, blockchain, and the use of intelligent networks enables the activation of prosumers in the electricity market. Reducing energy consumption in industry and at the same time increasing energy efficiency for which the European Union is fighting in the clean air package for all Europeans have a positive impact on environmental protection, sustainable development, and the implementation of the decarbonization program.
Keywords
blockchain, digital transformation, digital twin, Energy Efficiency, Industry 4.0, innovation, mechanical engineering
Suggested Citation
Borowski PF. Digitization, Digital Twins, Blockchain, and Industry 4.0 as Elements of Management Process in Enterprises in the Energy Sector. (2023). LAPSE:2023.30538
Author Affiliations
Borowski PF: Institute of Mechanical Engineering, Warsaw University of Life Sciences, 02-787 Warsaw, Poland [ORCID]
Journal Name
Energies
Volume
14
Issue
7
First Page
1885
Year
2021
Publication Date
2021-03-29
Published Version
ISSN
1996-1073
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Original Submission
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PII: en14071885, Publication Type: Journal Article
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LAPSE:2023.30538
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doi:10.3390/en14071885
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Apr 14, 2023
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