This February 2021 report from Black and Veatch looks to inform the 2021 decision-making process that will drive capital spending and help utilities position for the future. Supported by survey results from 1,000+ power, water, telecommunication and natural gas professionals, the report identifies three significant trends: Customers Driving Sustainability in the C-Suite; Next-Level Reliability Through Resilience; and Turning Data into Action. Results suggest that 83% of utilities are pushing capital towards clean energy with 70% leading innovation in this area; 73% are focused on improving reliability; 85% have a water/drought management plan; and 60% identify regulatory changes as a risk.
Key words: Artificial Intelligence (AI), market sizing, Internet of Things (IoT), data management, energy management, water management, utilities