When something like this happens, it can be difficult to see much further ahead. But look ahead we must, and to do so, we must look ahead many years, as the pace of change will be so startling it will be breath-taking. Let’s start by taking a look at five investment trends that will be hard to ignore for the next ten years.Technological innovation has already started separating the “winners” from the “losers” in the asset management industry.
The main benefits of automation are that it creates more opportunities in every industry, improves operations, and effectively reduces cost. Also, the adoption of AI, which enables quick analysis, benefits healthcare advancement in undertaking streamlined operations. Consequently, large commercial offshore wind projects are underway in major markets. With complexity in portfolios comes the need for intelligent renewable asset management. No doubt, offshore wind projects are a decisive step towards a green-dominant energy mix. Optimised supply chains, high capex, improved efficiencies, and offshore workers’ skill sets are the top ones. Therefore, if wind farm asset managers have the right tools, any challenges can be dealt with better.