Digitization

Digitalization continues to expand and is increasingly ubiquitous. Digital technologies are merging digital and physical infrastructure, as well as “the real world” with digital worlds. As more devices are connected to the internet via Internet of Things and digital twin technology, creating and storing large quantities of data, energy demand will increase. Renewable energy and robust power grids will be necessary to meet demand sustainably.

Digital worlds and technology have an increasing influence on our daily lives. Digitalization grants people instant access to information, communication, and services. It may affect the ways we learn and interact with others. There is a sense of anxiety about how the vast amounts of data generated through digitalization will be used, especially in terms of personal privacy and digital communication. There is also concern that digitalization will eliminate jobs. However, sectors like banking, healthcare, education, and retail are more optimistic, hoping digitalization will expand access for rural communities and be an equalizing force.