Smart5Grid presentations at InfoCom 2022

Smart5Grid project was present on InfoCom 2022. You may find the Smart5Grid presentations by OTE, 8Bells, IPTO and Entra Energy on the following video! The video is available here:  https://www.youtube.com/watch?v=7kmkJpQJqv8

As digital transformation evolves into a key pillar of development for every aspect of the economy, the creation of ” fast- track” infrastructure – i.e. digital “boulevards” along which public and private sector transformation will move – is a critical objective. After all, this accelerated digitization is expected not only to strengthen every aspect of the economy, but to offer new “passages” for business and equal opportunities in education and work for citizens.

Today, the specific digital development and the investments it requires are not a wish list, but a demand. After all, according to the results of the Digital Economy and Society Index 2022 (DESI), published by the European Commission and which monitors the progress made by the Member States in the digital sector, Greece ranks 25th among the 27 Member States of the European Union for 2022. However, overall, our country has made satisfactory progress in recent years compared to other Member States, which means that it covers part of the difference.

Specifically, as the Commission emphasizes, and with regard to the field of connectivity, Greece has made significant progress, especially with regard to the coverage of very high capacity (VHCN) and fifth generation (5G) networks. However, it is highlighted that more progress is needed, in particular regarding fixed broadband penetration of at least 100 Mbps, which remains very low compared to the EU average of 41% (reaching a rate of around 9%) and the further improving 5G coverage (66% rate) to ensure access to high-speed connectivity across the country .

More broadly, however, the findings show that while most Member States are making progress in their digital transformation, business adoption of key digital technologies such as artificial intelligence (AI) and Big Data remains low. Efforts must, it is pointed out, be stepped up to ensure the full development of the connectivity infrastructures (especially 5G) required for highly innovative services and applications. Digital skills are another important area where Member States need to make more progress.

In this context, providers are making increased investments to develop 5G and fiber infrastructure. We are, after all, at a time when large and important multinationals are choosing our country for the development of their own hubs – whether it is data centers that serve the wider region, or technology and product development centers, or hubs that strengthen the human resource skills. A reliable telecommunications infrastructure, with state-of-the-art technology, will not only strengthen the operation of these centers, but will also attract new investments, making Greece a “hub for hubs”.

And of course, three years after the start of the pandemic and a few months after the almost “forced” adoption of digital solutions by many organizations, it is clear that strengthening the telecommunications infrastructure will support the digitization of the business and the processes that lead to the development of innovation. Businesses need access to fast and reliable connections to grow their online presence and e-commerce sales. And this is because, despite the fact that e-commerce is on the rise, the number of companies that carry out related activities remains small.