Research Report 2024:

State of AI in
Energy & Utilities

The future of AI in the sector holds great promise, with opportunities for continued advancements in energy management, infrastructure optimization, and customer engagement. But stakeholders must prioritize AI use cases based on feasibility and value, identifying projects that offer substantial benefits without excessive complexity. Use this report to empower your teams and inform your strategies to drive long-term growth and resilience.

SOURCE

About this Research Report

This survey was conducted in the summer of 2024 by Neudesic and Databricks in collaboration with Hanover Research. The survey included 250 qualified respondents from the United States (80%) and Canada (20%) involved in AI implementation within utilities organizations serving over one million customer meters. The respondents were predominantly between the ages of 35 to 44 (71%) and 45 to 54 (18%) and hold leadership positions at their respective organizations, including Managers and Senior Managers (43%), Directors and Senior Directors (38%), Vice Presidents and Senior Vice Presidents (6%), Presidents and CEOs (8%), and C-Suite Executives (5%).

WHAT'S INSIDE:

AI Benchmark Research for Utilities

A comprehensive examination of the opportunities and obstacles associated with AI

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Industry Use Cases

As AI adoption continues to expand, its role in driving innovation and improving reliability within the utilities sector is becoming increasingly evident. Learn how Utilities are using AI for impact.

Overcoming AI Challenges

Readers will learn how the sector is navigating common concerns such as data security, system integration, and the need for skilled personnel.

Investment Strategies

Learn how utilities are planning their AI spending, from modest increases to significant budget expansions, revealing the industry’s confidence in AI’s potential to deliver transformative benefits.

WHAT'S INSIDE