Our world is becoming more and more electric based. Almost everything we interact with today is already electric or electronic.

Your home, your car, your job, your devices, your entertainment. The growing demand for electricity - in particular, buildings, industry, smart devices and even transport - requires proven energy management approaches.

Even our lives are becoming more connected. The Internet has already transformed the way we live, work and play. Now the Internet of Things will take this to a whole new level: 50 billion things connected in the next 5 years. Connectivity is transforming our world.

Connectivity refers to machine-to-machine (M2M), person-to-person (P2P) and person-to-machine (P2M).

The sensors and the electronics incorporated in the machines provide new operational information derived from the collected data. This, in turn, will drive vast opportunities for efficiency.

With such widespread electrification and connectivity, energy models also need to be rethought.

That's why power generation needs to be more distributed and closer to users.

Distributed energy is rapidly evolving globally. This is driven by the new capacity to provide local energy to facilities, in particular renewable energy and micro networks.

When our world is more electric, more connected and more distributed, new opportunities emerge that allow us to achieve more efficiency in our cities, in our industries, in our buildings, in the cloud and even in our homes.

However, two-thirds of the energy efficiency potential remain unused.