Smart Innovators: Asset Performance Management Software

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Executive Summary

This report provides buyers of asset performance management (APM) software in industrial firms with an overview of the current state of the market and a high-level assessment of nine of the most innovative vendors in the market. The study finds that the rise of cloud computing, industry 4.0 strategies and proven APM analytics is triggering renewed interest from customers and more aggressive product development plans from vendors. Where APM software providers differentiate is on the breadth and depth of analytics as well as workflows which ensure the insights generated by powerful BI tools are made actionable for a wide range of users. The benchmark of vendors on eleven APM analytics and workflow capabilities finds that ABB, AspenTech, AVEVA, Bentley Systems, Detechtion, GE Digital, IBM, SAS and Uptake offer a broad range of functionality to meet the needs of buyers in a range of asset-intensive sectors. 

Table of contents

Smart Innovators: Asset Performance Management Software
Asset Performance Management Supports Operational Excellence Strategies
Most Organizations Already Have A Messy Landscape Of Asset Management Information Systems
Operations And Safety Decision-Makers Embrace The Concept Of Digital Transformation
Digital Innovations Open The Door To New Asset Optimization Models

Introducing The APM Software Market
Four Categories Of Vendors Populate The APM Software Landscape  
The APM Product Architecture Consists Of A Platform With Analytics And Workflow    
Eleven Analytics And Workflow Capabilities Differentiate APM Software

Double Digit Growth Requires New Commercial Thinking From APM Vendors
APM Vendors Need To Demonstrate Faster Time To Value To Spur Investment
Winning Product Strategies Will Focus On Tangible Value Creation

Table of figures

Figure 1. View Of Operational Risk Decision-Makers On The Role Of Technology
Figure 2. Change In Spend Across Operational Risk Management Categories In 2019
Figure 3. Evaluation Criteria For Operational Risk Management Software Vendors 
Figure 4. Factors Triggering Operational Risk Management Software Implementation
Figure 5. Four Drivers Increase Growth In The APM Software Market
Figure 6. Four Categories Of Vendors Populate The APM Software Landscape
Figure 7. APM Technical And Functional Components
Figure 8-1. APM Software Workflow Capabilities
Figure 8-2. APM Software Analytics Capabilities
Figure 9. APM Software Vendor Capabilities Assessment

About the author

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.

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