Imagine managing a city’s power grid with real-time insights into millions of energy meters – predicting surges, pinpointing outages, and tailoring plans based on weather and individual needs. That’s the transformative power of data analytics in the energy & utilities sector.
In fact, the energy sector’s big data analytics market is surging, expected to grow at 11.28% annually from $8.37 billion in 2023 to $14.28 billion in 2028. While the largest market is the North American market, the fastest growing market is in the Asia Pacific region.
This boom fuels industry-transforming use cases from predictive maintenance to grid optimization. Find out more about how the energy & utilities business can leverage data analytics, on our blog