A new study commissioned by Eaton, a global leader in intelligent power management, reveals that companies are increasingly willing to let go of legacy technologies to embrace the benefits of artificial intelligence (AI) and machine learning (ML). The study, conducted by S&P Global Market Intelligence, surveyed digital transformation leaders from various sectors in North America, Europe, and the Middle East. The findings, detailed in Eaton’s Brightlayer® research report, show a rapid development of digitalization strategies in these sectors.
The research indicates that only 23% of companies surveyed consider legacy technology a barrier to digitalization, compared to 33% in 2022. This shift in sentiment is attributed to the potential of AI and ML applications to transform businesses.
Mark Roces, vice-president of digital offer management at Eaton, highlights the urgency with which businesses want to implement digital technologies that leverage AI and ML. The data center sector is expected to play a key role in this shift, as other sectors like utilities, buildings, and manufacturing rely on data centers for their AI journeys and decarbonization strategies.
The study also highlights key findings in each sector, such as data centers focusing on facility upgrades and expanding capacity, utilities facing infrastructure challenges, manufacturers seeing AI as a tool for decarbonization, and building operators prioritizing sustainability through digital transformation.
Eaton’s Brightlayer software aims to help businesses embrace digitalization and optimize power management by utilizing intelligent insights from data. The company, founded in 1911, aims to accelerate the transition to renewable energy sources and address urgent power management challenges. For more information on Eaton and the 2024 Brightlayer research report, visit www.eaton.com.
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