The future is bright for the electricity sector. Here's why. (World Economic Forum)

Look around. This decade has seen its fair share of rapid transformations, brought on by innovation in the digital space. The smartphone. Consumer-driven social media. Intelligent manufacturing. Ever-present connectivity. And, soon, self-driving cars on a larger scale. No sector has been untouched by this digital revolution.

Today, the electricity system is on a similar, life-changing, fast-paced trajectory. As in many of these transformed areas, consumers stand at the centre of a disruptive convergence of digital technology advancements; consumer engagement; on-demand, tailored consumption; and a decentralized infrastructure. In the midst of this quickly-changing new energy world, we need to ensure that we set electricity?s future on the right path. If we don?t, there are earth-shattering implications.

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(Foto: Reuters).