The Future of Oil and Gas Tomorrow ’ s Grid Systems The Future of Manufacturing

  • Published 2015

Abstract

The Future Is Digital W hich technology trends will be dominant in the decades ahead? The world's energy supply must be placed on a new and sustainable foundation. Electrical power that can be generated , transmitted, and consumed very efficiently will become a comprehensive energy carrier to a far greater extent than it is today. Global energy demand is growing three times as fast as the world's population. What's more, a new era of automation and digital services is dawning. In the coming 30 years the computing power, storage capacity, and data transmission rates of microchips will increase a thousandfold — and digital machines will become multifac-eted assistants in daily life and the workplace. By 2050 almost as many people will be living in cities as are alive in the world today — and for the first time in history, there will be more seniors than children and young people. Electrification, automation, digitaliza-tion, urban infrastructures, and new solutions for healthcare systems — in all of these areas Siemens occupies leading market positions and is forging ahead with research and development on a massive scale. We are seeing the most dynamic developments in businesses that provide digital services, which are posting growth rates of seven to nine percent annually. Today data is THE raw material of the global economy — and, in contrast to other raw materials, the volume of data is continuously increasing. According to analysts at International Data Corporation, the volume of digital data stored worldwide is expected to increase by a factor of 40 to 50 between 2010 and 2020. Today more data is generated hourly around the world than the amount recorded in books throughout history. The transformation of data into digital services is causing massive changes in economic value chains. For instance, a person using a tablet not only can read magazines and newspapers on it, but also alter a robot's parameters or monitor an entire power plant. From Big Data to Smart Data. Nonetheless , data does not embody any intrinsic value. It's not the volume but the content of the data that is crucial. The important thing is not big data — it's smart data! For example , in a large gas turbine hundreds of sensors measure temperatures, pressures, currents , and the compositions of gases. A person who analyzes these values correctly can give the operator of the power plant recommendations on how …

Cite this paper

@inproceedings{2015TheFO, title={The Future of Oil and Gas Tomorrow ’ s Grid Systems The Future of Manufacturing}, author={}, year={2015} }