DefinePK hosts the largest index of Pakistani journals, research articles, news headlines, and videos. It also offers chapter-level book search.
Title: Leveraging Data Analytics for Energy Transition Strategies: A Review of U.S. and International Approaches
Authors: Omobolanle Omowunmi Dosumu, Olugbenga Adediwin, Emmanuella Onyinye Nwulu, Andrew Ifesinachi Daraojimba, Ubamadu Bright Chibunna
Journal: International journal of management & entrepreneurship research
Year: 2024
Volume: 6
Issue: 12
Language: en
DOI: 10.51594/ijmer.v6i12.1854
The global energy transition, driven by the urgent need to mitigate climate change, presents a complex challenge for governments, industries, and communities. This review explores the role of data analytics in shaping energy transition strategies, focusing on the U.S. and international approaches. Data analytics, with its ability to process vast amounts of information, plays a pivotal role in optimizing energy systems, enhancing decision-making, and enabling the integration of renewable energy sources. In the U.S., various sectors, including power generation, transportation, and industry, have leveraged data analytics to monitor energy usage, predict energy demand, and optimize energy storage and distribution. The review highlights the application of advanced analytics in real-time grid management, energy forecasting, and the optimization of energy supply chains. Internationally, countries like Germany, the UK, and China have adopted data-driven strategies to accelerate their energy transitions. These countries utilize predictive analytics, machine learning, and big data to integrate renewable energy sources, such as wind and solar, into national grids while ensuring grid stability. Furthermore, the review discusses the role of energy market platforms, digital twins, and smart meters in enabling data-driven decision-making and fostering energy efficiency across industries. Despite the promising potential of data analytics, challenges remain, including data privacy concerns, technological disparities, and the need for standardized frameworks across regions. The review offers policy recommendations to address these challenges, such as investing in data infrastructure, fostering cross-sector collaboration, and ensuring equitable access to analytics tools. By examining both U.S. and international strategies, this review provides valuable insights into the practical applications of data analytics in energy transition efforts. It concludes that embracing data-driven approaches is essential for achieving sustainable energy systems and meeting global climate goals.
Keywords:  Data Analytics, Energy Transition, Renewable Energy, U.S. Energy Strategy, International Approaches, Predictive Analytics, Energy Efficiency, Machine Learning, Smart Grid, Policy Recommendations.
Loading PDF...
Loading Statistics...