Implementing Advanced Metering Infrastructure (AMI) and related Meter Data Management (MDM) systems presents unique challenges compared to traditional utility projects. While regulatory mandates, green power initiatives, and business case advantages are accelerating AMI adoption, successful implementation requires a robust strategy across technology, implementation, and integration. This research paper outlines the challenges, risks, and best practices for achieving success in AMI deployment, highlighting key insights into technology evolution, implementation strategies, integration frameworks, and risk mitigation