AVEVA Launches Visual APM Strategy To Drive Digital Transformation

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Executive Summary

This report forms one in a series covering the asset performance management (APM) software market, which is entering a new phase of growth and innovation. UK-headquartered AVEVA was founded in 1967 and merged with Schneider Electric’s industrial software business in March 2018. This merger created one of the largest providers of software to asset-intensive industries. AVEVA notched up £704 million of revenue in 2018 and boasts 4,400 employees. AVEVA offers one of the most comprehensive APM software platforms with functionality for asset health monitoring, predictive maintenance, prescriptive maintenance and safe control of work. The firm has the vision and financial resources to drive forward its visual APM strategy which applies digital twin simulations and models to APM use cases. Verdantix recommends that operations leaders at industrial firms with an Industry 4.0 strategy who are seeking big improvements in asset reliability should test out AVEVA’s visual APM offering to understand the potential for operational improvements.

Table of contents

AVEVA Enhances Digital Strategy With A Comprehensive Industrial Software Platform
AVEVA Aims To Supercharge Its APM Software With Digital Twin Capabilities   
Customers Seeking Breakthrough Improvements In Asset Performance Should Test AVEVA’s Visual APM Offering

Organisations mentioned

American Electric Power, AVEVA, BASF, Chevron, Duke Energy, Eskom Holdings, IBM, Mitsui Group, SAP, Schneider Electric, South African Mint, TATA Power, Total

About the authors

Rachel Umunna

Analyst

Rachel is a technology analyst in the Verdantix Operational Excellence Practice. Her research agenda explores the value of technologies for investors, service providers and corporates. Prior to joining Verdantix Rachel worked for the CDP. Rachel holds an MSc Environmental Technology from Imperial College London.

David Metcalfe

CEO

David co-founded Verdantix in 2008 and leads the firm’s research and advisory work on the digitization of Operational Excellence which covers software, systems integration, wearables and drones. Prior to founding Verdantix, David was a Senior Vice President at Forrester Research and Head of Analysis and Forecasting for BT. He holds a PhD from Cambridge University in Game Theory and Decision Analysis and worked as a Research Associate at the Harvard Business School.

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