Strategic analysis and development plan design on digital transformation in the energy industry: A global perspective

This paper conducts strategic analysis and development plan design of energy digital transformation from a global perspective. First, this paper analyzes the reasons for the digital transformation of the energy industry, and elaborates on the current status of the digital transformation of the energy industry. Second, this paper uses the "SWOT" model to conduct a strategic analysis of the digital transformation of energy. Finally, this paper uses the "IETB" model to design the development plan. The results showed that: (1) Energy digital transformation is an effective approach to optimize the energy allocation and improve the energy scheduling. (2) The biggest barriers and uncertainties are mainly from the current weaknesses and the future threats. (3) The joint action of factors from Institution, Economy, Technology as well as Behavior achieves an effective scheme to promote the digital transformation of energy. HIGHLIGHTS Reasons for the digital transformation of energy. The development status of the digital transformation is outlined. Using the "SWOT" model to conduct a strategic analysis of the digital transformation of energy. Using the "IETB" model to design the development plan.