Asset-Intensive Sectors Have Positive Spending Plans For 2020
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Executive Summary
This report provides an industry-level breakdown of spending plans for 2020 operational excellence programmes based on interviews with 284 managers in operations, reliability and maintenance roles. A majority of firms in the survey (52%) expect to increase nominal spend on operational excellence by 5% or more in 2020 compared to 2019. Just 1% of the respondents anticipate a budget cut in 2020. The outlook for operational excellence spending is therefore a positive one. At the industry level, expectations of double-digit increases range from 9% to 24% of respondents which should shape the strategies of technology vendors. Only three industries have a quarter or more of firms anticipating no increase or a reduction. Tech providers and service providers with a focus on chemicals and general manufacturing should do more due diligence on their prospects in 2020 as these sectors have the least promising spending plans. Only a minority of firms in these sectors will buy into big new propositions such as digital twin simulations and enterprise-scale APM software.
Table of contents
Healthy Increases Expected For 2020 Operational Excellence BudgetsTech Vendors And Services Firms Should Capitalize On A Positive 2020 Budget Outlook
Table of figures
Figure 1. Budget Expectations For 2020 Operational Excellence ProgrammesOrganisations mentioned
Akselos, ANSYS, AVEVA, Bentley Systems, Corvex, GE Digital, GOARC, IBM, Industrial Scientific, Lloyd’s Register, PTC, SiemensAbout the author
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