aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
aster.cloud aster.cloud
  • /
  • Platforms
    • Public Cloud
    • On-Premise
    • Hybrid Cloud
    • Data
  • Architecture
    • Design
    • Solutions
    • Enterprise
  • Engineering
    • Automation
    • Software Engineering
    • Project Management
    • DevOps
  • Programming
    • Learning
  • Tools
  • About
  • Technology

New IBM Study Data Reveals 74% Of Energy & Utility Companies Surveyed Embracing AI

  • Dean Marc
  • February 26, 2024
  • 3 minute read


ORLANDO, Fla., Feb. 26, 2024 /PRNewswire/ — Today, at Distributech 2024, IBM (NYSE: IBM) unveiled additional findings from its global study findings that show that 74% of Energy & Utility companies surveyed have implemented or are exploring using AI in their operations. 

Within the sector, among surveyed IT Professionals, 33% are focusing AI projects on HR/Talent Acquisition and 27% are focused on AI Monitoring & Governance. The findings are from IBM’s Global AI Adoption Index 2023 global study* administered by Morning Consult and commissioned by IBM, based on interviews with 2,342 IT Professionals at enterprises located across 20 countries.


Partner with aster.cloud
for your next big idea.
Let us know here.



From our partners:

CITI.IO :: Business. Institutions. Society. Global Political Economy.
CYBERPOGO.COM :: For the Arts, Sciences, and Technology.
DADAHACKS.COM :: Parenting For The Rest Of Us.
ZEDISTA.COM :: Entertainment. Sports. Culture. Escape.
TAKUMAKU.COM :: For The Hearth And Home.
ASTER.CLOUD :: From The Cloud And Beyond.
LIWAIWAI.COM :: Intelligence, Inside and Outside.
GLOBALCLOUDPLATFORMS.COM :: For The World's Computing Needs.
FIREGULAMAN.COM :: For The Fire In The Belly Of The Coder.
ASTERCASTER.COM :: Supra Astra. Beyond The Stars.
BARTDAY.COM :: Prosperity For Everyone.

This new data echoes insights from the IBM Institute for Business Value’s 2023 study, ‘CEO decision-making in the age of AI,’ which also interviewed 420 Energy & Resources CEOs thinking around AI. The fresh analysis of the Industry C-suite data shows that:

  • 63% Energy & Resources CEOs surveyed are more likely than their global peers to expect to realize value in the next three years from generative AI and automation
  • 61% of CEOs surveyed express concerns about the sources of data used in generative AI

When considering the impact of transformational technologies, Energy Industry CEOs surveyed appear to place Generative AI first in terms of expected value. To help the industry chart a path forward to realize the value of generative AI, at Distributech 2024, the leading annual transmission and distribution event, IBM at booth#2743 today showcased watsonx – its enterprise ready AI and data platform.

Importantly, to help, Energy & Resources companies to navigate data-related challenges, including unclear data calculation and, critically, a lack of insights, IBM is highlighting its watsonx.governance toolkit for AI governance which allows a Utility company to direct, manage and monitor its AI . It employs software automation to strengthen a company’s ability to mitigate risks, manage regulatory requirements and address ethical concerns for both generative AI and machine learning models. While not all models are created equal, every model should have governance to drive responsible and ethical decision-making throughout the business.

Read More  Microsoft’s big new Windows 11 update is out now — here’s how to get it

Casey Werth, Global Energy Industry General Manager IBM said, “Energy & Utility CEOs have moved beyond experimentation with AI to focusing on where they can drive the most business value with AI. As they manage ongoing transformation efforts they can also capitalize on the great opportunities of generative AI and foundation models.  In doing so they need to remember to focus on their own data, how it is gathered, accessed and used within their workflows along with the governance that should be baked into their tools and processes.”

A good example of how Utility companies can tap large language models is to augment their internal compliance process. For a Utility company this can allow them to automate and align internal compliance processes to their specific business needs. For example, a utility can:

  • Provide a single repository of obligation management to classify complex requirements.
  • Enable their organization to govern their environmental, social and governance (ESG) programs and sustainability.
  • Track provenance and document model performance against key performance indicators determined by the business.
  • Provide visibility to key stakeholders through dynamic, user-based dashboards, charts and dimensional reporting.

At #DISTRIBUTECH24, IBM has several executive speaking sessions designed to help show how the industry can digitally transform at pace. Topics include; Quantum in the Energy Sector, Digitally Managing Emergency Response & Mobilization, Digital Twin for advanced and predictive Load Management, Preparing the Grid for tomorrow, Applying weather & climate risk analytics to create more sustainable and resilient grids. IBM’s Energy CTO Bryan Sacks, will also lead an industry roundtable focused on AI for Grid Management discussing how companies in the energy and utilities industry are thinking about AI, use cases, policy and governance.

Read More  Software. The Modern Philosopher's Stone. Transmuting Imagination Into Capital.

The full IBM Institute for Business Value 2023  CEO Study can be accessed here, data on the specific Energy & Resources cuts of the data are available on request.

* Methodology: IBM’s Global AI Adoption Index 2023 global study administered by Morning Consult and commissioned by IBM was conducted from Nov. 8 – 23, 2023 among a sample of 2,342 IT Professionals at enterprises (organizations with > 1,000 employees) in Australia, Canada, China, France, Germany, India, Italy, Japan, Singapore, South Korea, Spain, UAE, UK, US and LATAM (Brazil, Mexico, Peru, Argentina, Chile, Colombia)

About IBM 

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. 

Media contact:

Ken Saunders
IBM External Relations
+44 7887 830 036
[email protected]

SOURCE IBM

Source: cyberpogo.com


For enquiries, product placements, sponsorships, and collaborations, connect with us at [email protected]. We'd love to hear from you!

Our humans need coffee too! Your support is highly appreciated, thank you!

Dean Marc

Part of the more nomadic tribe of humanity, Dean believes a boat anchored ashore, while safe, is a tragedy, as this denies the boat its purpose. Dean normally works as a strategist, advisor, operator, mentor, coder, and janitor for several technology companies, open-source communities, and startups. Otherwise, he's on a hunt for some good bean or leaf to enjoy a good read on some newly (re)discovered city or walking roads less taken with his little one.

Related Topics
  • AI
  • Artificial Intelligence
  • Energy
  • Generative AI
  • IBM
You May Also Like
View Post
  • Computing
  • Multi-Cloud
  • Technology

Pure Accelerate 2025: All the news and updates live from Las Vegas

  • June 18, 2025
View Post
  • Computing
  • Multi-Cloud
  • Technology

‘This was a very purposeful strategy’: Pure Storage unveils Enterprise Data Cloud in bid to unify data storage, management

  • June 18, 2025
View Post
  • Computing
  • Multi-Cloud
  • Technology

What is cloud bursting?

  • June 18, 2025
View Post
  • Computing
  • Multi-Cloud
  • Technology

There’s a ‘cloud reset’ underway, and VMware Cloud Foundation 9.0 is a chance for Broadcom to pounce on it

  • June 17, 2025
View Post
  • Computing
  • Multi-Cloud
  • Technology

What is confidential computing?

  • June 17, 2025
View Post
  • Computing
  • Multi-Cloud
  • Technology

Oracle adds xAI Grok models to OCI

  • June 17, 2025
View Post
  • Computing
  • Multi-Cloud
  • Technology

Fine-tune your storage-as-a-service approach

  • June 16, 2025
View Post
  • Technology

Advanced audio dialog and generation with Gemini 2.5

  • June 15, 2025

Stay Connected!
LATEST
  • 1
    Pure Accelerate 2025: All the news and updates live from Las Vegas
    • June 18, 2025
  • 2
    ‘This was a very purposeful strategy’: Pure Storage unveils Enterprise Data Cloud in bid to unify data storage, management
    • June 18, 2025
  • What is cloud bursting?
    • June 18, 2025
  • 4
    There’s a ‘cloud reset’ underway, and VMware Cloud Foundation 9.0 is a chance for Broadcom to pounce on it
    • June 17, 2025
  • What is confidential computing?
    • June 17, 2025
  • Oracle adds xAI Grok models to OCI
    • June 17, 2025
  • Fine-tune your storage-as-a-service approach
    • June 16, 2025
  • 8
    Advanced audio dialog and generation with Gemini 2.5
    • June 15, 2025
  • 9
    A Father’s Day Gift for Every Pop and Papa
    • June 13, 2025
  • 10
    Global cloud spending might be booming, but AWS is trailing Microsoft and Google
    • June 13, 2025
about
Hello World!

We are aster.cloud. We’re created by programmers for programmers.

Our site aims to provide guides, programming tips, reviews, and interesting materials for tech people and those who want to learn in general.

We would like to hear from you.

If you have any feedback, enquiries, or sponsorship request, kindly reach out to us at:

[email protected]
Most Popular
  • Google Cloud, Cloudflare struck by widespread outages
    • June 12, 2025
  • What is PC as a service (PCaaS)?
    • June 12, 2025
  • 3
    Crayon targets mid-market gains with expanded Google Cloud partnership
    • June 10, 2025
  • By the numbers: Use AI to fill the IT skills gap
    • June 11, 2025
  • 5
    Apple services deliver powerful features and intelligent updates to users this autumn
    • June 11, 2025
  • /
  • Technology
  • Tools
  • About
  • Contact Us

Input your search keywords and press Enter.