Smart Innovators: Maintenance Analytics For Heavy Asset Industries

Executive Summary

The effectiveness of maintenance activities underpins the performance of industrial operations. If maintenance is not performed, assets break and production ceases, while if maintenance is performed too often, costs mount and the bottom line suffers. This report details the solutions on the market that provide insights into the effectiveness of maintenance programmes, and the means to improve them, using data from assets and work orders. Fourteen vendors participated in our research, providing demos and briefings. This report details their offerings, the varying approaches they are taking to solving customer challenges, and the innovations and methods now being deployed. It concludes with a view on the future direction of the market. Evolution in the market is being driven by macro-factors such as the global COVID-19 pandemic and generation shifts, as well as a convergence of technologies changing the way people interact with software solutions.