Exelon Corporation – Digital Transformation Strategies

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Published: October 30, 2024 Report Code: GDDT0890ES-ST

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Exelon Corporation Digital Transformation Strategies Overview

Exelon Corporation has been focusing on using artificial intelligence, smart cities, big data to digitally transform its operations. The annual ICT spending of Exelon Corporation was estimated at $732.7 million for 2024. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Exelon Corporation (Exelon) is a utility service holding firm. It has operations across the complete energy value chain, including energy sales, power generation, and distribution and transmission. The company produces electricity using nuclear, natural gas, oil, wind, hydro, solar, and biomass sources; and purchases electricity through long-term power purchase contracts. Exelon also provides energy products and services to the residential, public sector, and business customers in the U.S. and Canada. The company supplies electricity and natural gas to industrial, and residential public authorities, commercial and electric railroads, and other customers.

 The ‘Exelon Corporation digital transformation strategies’ report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The Exelon Corporation digital innovations report covers the overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, acquisitions, and ICT spending among others.

Exelon Corporation Digital Transformation Strategies Overview

Total ICT Spending 2024 $732.7 million
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and Service desk
ICT Spend by Channel Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others
Technology Theme Focus Artificial intelligence, IoT, smart cities, blockchain, big data, cloud
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Digital Transformation Strategies

Exelon is embracing AI and data analytics at the center of its approach to analyse data from internal and external data sources and generate real-time insights to predict failures, improve equipment performance, optimize schedule maintenance, minimize operating costs for utilities and respond to storm-related outages. For instance, the company introduced an in-house Analytics Academy to teach emerging analytics skills to its employees.

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Exelon Corporation Technology Theme Focus

Exelon Corporation is utilizing a number of emerging technologies including artificial intelligence, IoT, smart cities, blockchain, big data, cloud among others to enhance its operational and service capabilities.

Exelon Corporation Technology Focus

Exelon Corporation Technology Focus

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Exelon Corporation Technology Initiatives

Exelon Corporation has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, and acquisitions over the last few years. For instance, in 2023, Exelon is using synthetic data generation through NVIDIA Omniverse using Omniverse Replicator to automatically create thousands of labelled, photorealistic examples of various grid asset defects. These synthetic images are used to train inspection models for real-time drone inspection, enabling better grid maintenance for reliability and resiliency. This initiative helped to create an end-to-end scalable ecosystem, to move from one asset to the other, starting with crossarms and scaling up across its distribution, transmission, and oil and gas assets.

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Exelon Corporation ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

Exelon Corporation ICT Spend by Function, 2024 (%)

Exelon Corporation ICT Spend by Function, 2024 (%)

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Exelon Corporation ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Exelon Corporation ICT Spend by Channel, 2024 (%)

Exelon Corporation ICT Spend by Channel, 2024 (%)

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Exelon Corporation External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud IaaS)
  • ICT services
  • Consulting
  • Network and communications
  • Others

Exelon Corporation External ICT Spend by Segment, 2024 (%)

Exelon Corporation External ICT Spend by Segment, 2024 (%)

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Scope

This report provides:

  • Insight into Exelon Corporation’s technology activities.

  • Overview of technology initiatives covering partnerships, technology introductions, and acquisitions.

  • Insights on each technology initiative including technology theme, objective, and benefits.

  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insights into Exelon Corporation’s technology operations.

  • Gain insights into its technology strategies and innovation initiatives.

  • Gain insights into its technology themes under focus.

  • Gain insights into its various partnerships.

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Table of Contents

  • Overview

    • – Brief information about the company, its business divisions, and its financials

  • Digital Transformation Strategy

    • – A summary of key digital strategies/implementation efforts of the company

  • Accelerators, Incubators, and Other Innovation Programs

    • – Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation

  • Technology Focus

    • – Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

  • Technology Initiatives

    • – Discussion about all the technology introductions & partnerships the company has entered

  • Investments

    • – Brief discussion about the investments by the company

  • Partnership & Investment Network Map

    • – A bird’s eye view of all the partnerships /investments that the company has made in the last 3-5 years

  • ICT Budget and Contracts

    • – The company’s ICT budget segregated into hardware, software, and managed IT services

  • Key Executives

    • – Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

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