New Relic Report Shows Outages Cost Energy and Utilities Providers Over $34 Million Per Year

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New Relic Report Shows Outages Cost Energy and Utilities Providers Over $34 Million Per Year

The New Relic report reveals that energy and utilities providers are facing significant financial losses due to outages, amounting to over $34 million per year. The report emphasizes the importance of observability in reducing outage costs and frequency, with organizations investing in AIOps and mobile monitoring for real-time insights into their infrastructure.

AI adoption is on the rise in the energy and utilities sector, with a focus on leveraging observability and AI to gain a deeper understanding of telemetry data and improve operational efficiency. Full-stack observability plays a key role in outage reduction, as organizations with this capability experience improvements in mean time to resolution (MTTR) and reduced downtime costs.

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