Energy and utilities are an essential part of our daily lives and business operations. From lighting, cooling and heating to the gadgets, computers and appliances we use in homes, offices, or factories, energy and utilities industries play a vital role.
The energy and utilities industries that Australian Industry Standards (AIS) supports - Electrotechnology; Electricity Supply Industry (ESI) Generation; ESI Transmission, Distribution and Rail; Gas; and Water make significant contributions to Australia's economic prosperity. Together, they employ over 465,000 people, generating an annual revenue
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Energy and utilities are an essential part of our daily lives and business operations. From lighting, cooling and heating to the gadgets, computers and appliances we use in homes, offices, or factories, energy and utilities industries play a vital role.
The energy and utilities industries that Australian Industry Standards (AIS) supports - Electrotechnology; Electricity Supply Industry (ESI) Generation; ESI Transmission, Distribution and Rail; Gas; and Water make significant contributions to Australia's economic prosperity. Together, they employ over 465,000 people, generating an annual revenue of over $165 billion in 2021-22.
We have identified five megatrends which have and will continue to impact the energy and utility industries. Strategic planning and workforce development are among the keys to meeting the challenges and opportunities presented by these megatrends. The significance of training and skills development have never been more important. A future ready and agile workforce with transferable skills will enable greater workforce mobility and increased efficiency across multiple industries.
The five megatrends include: (1) Double disruptors - digital transformation together with the current pandemic has caused a double disruption to industry, leading business and economic activities to shift rapidly to the online world; (2) Renewables, sustainability, and low emissions technologies - The decarbonisation of the energy and utilities industries has begun in earnest in Australia. Under Australia's Long-Term Emissions Reduction Plan, numerous digital solutions are being developed to support the goal of achieving net zero emissions by 2050; (3) Data analytics - The adoption of digitalisation and data analytics technologies in the energy and utilities industries is transforming day-to-day operations and creating numerous opportunities; (4) Labour shortages - an industry-wide labour shortage is adversely affecting Australia's economic recovery; (5) Digital transformation - the acceleration of digitalisation has impacted the skills needs of the workforce, requiring many to upskill or reskill to keep pace with the digital demand.
Edited excerpts from publisher's website.
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