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Showing posts with the label Efficiency gains

How is Green Transition reshaping industrial development?

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The energy and green transition is reshaping industrial development in two ways:  (i) changing how manufacturing industries source and use energy, and  (ii) fostering the emergence of new energy-generating industries, such as solar, hydrogen and biomass.  For manufacturing industries , this transition entails adopting clean energy sources , decarbonizing production processes , and embracing circular economy principles to remain competitive and sustainable. In a global market that increasingly prioritizes sustainability , industrial competitiveness will increasingly be tied to industry’s capacity to comply with environmental regulations . At the same time, energy-generating industries are undergoing a transformation. The rapid growth of renewable energy sectors —such as solar, hydrogen and wind —coupled with advancements in energy efficiency , is creating new competitive advantages for countries and firms that lead in these technologies. Leaders in renewableene...

The rise of AI and the digitalization of production.

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At its most basic level, artificial intelligence (AI) refers to computer systems and algorithms that can perform tasks typically requiring human cognition, such as problem-solving, decision-making and language comprehension. While  AI , has garnered significant commercial interest over the past decade, it is part of a broader digital transformation that began with the shift from analogue to digital technology in the 1970s. This Digital Transformation , known as the Third Industrial Revolution , saw the rise of computers and the proliferation of the internet, laying the groundwork for today’s AI-driven innovations in the 4IR . These advancements have evolved into a wide range of applications, including advanced robotics, natural language processing and machine learning. The Fourth Industrial Revolution ( 4IR ), driven by recent technological breakthroughs in Digitalization , is fundamentally reshaping industrial production . Cutting-edge technologies such as AI , bigdata a...