Market Research Report
AI and Advanced Analytics Overview: Generation Asset Analytics, Grid Operations Analytics, Grid Asset Analytics, Customer Operations Analytics, Demand Side Analytics, and Smart City Analytics
|Published by||Navigant Research||Product code||898094|
|Published||Content info||68 Pages; 19 Tables, Charts & Figures
Delivery time: 1-2 business days
|AI and Advanced Analytics Overview: Generation Asset Analytics, Grid Operations Analytics, Grid Asset Analytics, Customer Operations Analytics, Demand Side Analytics, and Smart City Analytics|
|Published: July 30, 2019||Content info: 68 Pages; 19 Tables, Charts & Figures||
Artificial intelligence (AI) helps organizations work smarter. Each new deployed Internet of Things (IoT) device improves an organization's visibility into business or customer operations. Each new development in analytics allows companies to gain deeper insights from data, opening new market opportunities or improving existing business processes. Each new development in data management allows companies to access more complex datasets and gain insights more quickly, and increases competitive edge.
Many industries are experiencing the same issues: pressure to improve profits through cost-cutting, increased competition, digitization of business processes created by the mass deployment of connected sensors and control equipment, new business model creation, and more. AI-along with advancements in computer processing, cloud, and edge computing-can help enterprises address these issues. There are many applications of AI across the Energy Cloud, including predictive maintenance in wind and solar farms, vegetation management in grid operations, optimization of customers' distributed energy resources (DER) investments, digital assistants to control smart homes, and improved efficiency of transportation systems.
This Navigant Research report provides forecasts for enterprise spend on analytics within the Energy Cloud. The study focuses on electricity utilities, energy service providers, commercial building owners and operators, and cities/local governments. Global market forecasts, segmented by analytics type and region, extend through 2028. Asia Pacific is expected to become the largest region by 2026. This report also identifies key industry players in several applications.