4 Enabling the Digital and Energy transition AN ENRICHED ENVIRONMENT FOR NEW R&D OPPORTUNITIES, FASTER THAN EVER What is the macro picture for innovation at Prysmian Group right now? There are three main themes, and they are being driven by changes we see in the world around us. The first is mass electrification in response to climate change. The drive to replace fossil fuels with electricity wherever possible is coming much faster than we thought. And to fulfil this shift towards an increasingly electrified world we are seeing massive growth in spending on renewables energy infrastructure and in grid modernization. The second theme has been the acceleration of digital inclusion during and after the Covid pandemic. Governments everywhere clearly see the need to reduce the digital divide in terms of access to services, work, and education. It is clear to us we will see the mass deployment of fibre and of enabling digitalization in general, including IoT in factories. Prysmian Group’s Chief R&D and Innovation Officer Srinivas Siripurapu says the Group is producing innovations over the next five years that normally would have taken two decades 1. ELECTRIFICATION TO FIGHT CLIMATE CHANGE 2. DIGITAL INCLUSION
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