According to some estimates, by the end of the current decade, seven billion individual devices and 30 billion industrial, logistics and monitoring and control system devices will be connected via the internet. The internet that previously connected people to each other and to services is becoming the internet of everything.
Mobile-integrated, device- and individual-based information technology is changing peoples day-to-day lives, corporate management and business models. Digitalisation is changing the nature of work and enhancing the efficiency of data acquisition and processing. Digital production processes are replacing human workforce in people-dominated industries.
Digitalisation brings opportunities to improve the profitability of operations and creates a wide range of new e-services. As retail markets become digitalised, the need to compile and transfer measurement and control data for consumer-based decentralised production and consumption will grow significantly. Growing solar power and other modes of decentralised small-scale production and consumption will become an essential tool in power balance regulation. This, combined with the smart grid technologies enabled by digitalisation, will give rise to new business models. On the other hand, business continuity is increasingly dependent on ITC systems and requires constant vigilance in combatting cyber threats, as well as comprehensive data security solutions.
Fingrid's role - from electricity production to consumption