How Should Industrial Firms Refresh Their Digital Asset Management Strategies in 2022?
Victor Voulgaropoulos
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Executive Summary
This report provides current customers and prospective buyers of industrial asset management software with strategic guidance on how to make the best purchase decisions in the context of an evolving market. The increasing involvement of financial investors and corporate groups has significantly impacted the market dynamics. Overall, this is good news for buyers and users as the cash injections have funded more robust products. But vendors without sufficient scale or financial backing will find they are struggling in a market with bigger and better funded rivals. Financial firepower to drive innovation, industry expansions, and new technical requirements have significantly changed the assessment criteria that buyers should apply. From 2022, the market reshuffle will also be reflected in new value propositions outside core asset management systems such as DataOps, production optimization, emissions monitoring and energy management.Market Reshaping Is Propelled By Aggressive Inorganic Product Expansion Strategies
Emergence Of Point Solutions Creates New Options For Tech Buyers
Four Key Factors Can Enable Modern Digital Asset Management Strategies For Industrial Organizations
Customers Must Decide Between Four Technology Strategies
Figure 2. Use Case And Vendor Category Mapping
Figure 3. Use Case Definitions Of Industrial Asset Management Software
Figure 4. Technology Stack And Information Exchange Of Asset Management Applications
Figure 5. Four Digital Asset Management Strategies For Mature Industrial Organizations
About the Authors
Victor Voulgaropoulos
Senior Analyst
Victor is a Senior Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on asset management solutions and their overlap with industrial risk m...
Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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