Global Corporate Survey 2020: Operational Excellence Budgets, Priorities & Tech Preferences Data Tables

Published 24 March 2021 by Malavika Tohani & Hugo Fuller &
Asset Integrity Asset Performance Management Software Connected Worker Solutions Control Of Work Digital Transformation Strategy Digital Twin Drones / UAVs Enterprise Risk Management Industrial IoT Industrial Wearables Operational Excellence Programme Operational Risk Management Software Predictive Maintenance Process Safety Management Real-Time Risk Management Global Survey

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Executive Summary

These data tables accompany the Verdantix Global Corporate Survey 2020: Operational Excellence Budgets, Priorities & Tech Preferences, which helps managers in operations, engineering, maintenance and process safety roles executives benchmark their budgets, investment priorities and technology preferences relative to their global peer group. Respondents were selected from 22 countries across 13 regions, working in 14 distinct industries. Ninety-three per cent of respondents represented firms with revenues greater than $1 billion. These data tables break out the response data by geography and industry sector to allow readers a more granular view into key trends at the segment level. These data tables are a download only item.

Table of contents

To what extent are the following operational excellence initiatives a priority for your firm to improve in the next 2 years?

How significant will the following factors be in causing your firm to invest in operational excellence initiatives over the next 2 years?

What impact is COVID-19 and recession having on the digitization of operational excellence initiatives at your firm?

How has your firm's spend on operational excellence initiatives changed over the last 12 months? 

To what extent is COVID-19 and the economic recession driving investment in new technology at your firm? 

How will your firm's spend on operational excellence initiatives change in 2021 compared to 2020?

How will your firm’s spend on the following OpEx activities change in 2021 compared to your spend in 2020?

To what extent do you use the following software technologies at your firm?

For each of the following operational excellence processes, what are your plans to invest in software in 2021? 

In the next 2 years, how significant will the following digital innovations be for your firm's operational excellence initiatives?

How important are the following criteria when you evaluate software applications for asset management?

How important are the following factors in terms of prioritizing spend on connected worker solutions?

How significant are the following factors in holding back your organization's investment in digital twin projects?

What is your perspective on the following categories of firms to deliver asset management digitization projects?

When choosing a services provider for asset management digitization projects, how important are the following factors in shaping your purchase decision?

In 2021 how is your firm's spend on consultants for asset management digitization projects expected to change?

Organisations mentioned

Accenture, Adapt IT, AECOM, Albemarle, Alcoa, Alcumus, Arcadis, ARMS Reliability, AspenTech, AVEVA, Banyard Solutions, Bentley Systems, Boston Dynamics, Bureau Veritas, Corvex Safety, ECi Software Solutions, Flyability, Foster + Partners, GE Digital, GOARC, Guardhat, Jacobs, Lloyd's Register, Maersk, McDermott, MODS Management, Oracle, ProcessMAP, Prometheus Group, Quentic, Royal Dutch Shell, SAP, Senseye, Tata Power, Total, Westinghouse Electric Company , Wipro

About the authors

Malavika Tohani

Research Director, Operational Excellence
Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Hugo Fuller

Industry Analyst
Hugo is an Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda explores the technologies within the industrial asset management software market, with a focus on enterprise asset management software and computerized maintenance management systems. In Advisory, he focuses on go-to-market, thought-leadership and market-sizing work. Prior to joining Verdantix, Hugo worked in PR analytics and studied English at University College London.

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