Utilities explore the promise, power of AI
- Oct 25, 2021 6:40 am GMT
This item is part of the Special Issue - 2021-10 - Advances in Utility Digitalization, click here for more
More work and less workers along with ever-rising demand by energy consumers has utilities increasingly interested in the advantages of automation and artificial intelligence, or AI.
According to the U.S. Energy Information Administration, utilities’ spending on building and maintaining distribution and transmission systems continues to rise. In 2019, utilities spent $31.4 billion—more than half of all distribution spending—to “replace, modernize, and expand existing infrastructure,” says EIA. The Wall Street Journal reported on Oct. 14, that “Workers are quitting at or near the highest rates on record in sectors like manufacturing . . . and utilities.” The utility industry also has a slightly older workforce than other industries, so retirements are a factor. Data from the Bureau of Labor Statistics for 2020 show the median age of all workers across industries is 42.5 years, 44.8 years for the utility industry.
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