Strategic Focus: High Value Use Cases And Benefits Of Asset Investment Planning Software

Executive Summary

Software applications to assist with capital planning have existed since the early days of enterprise resource planning (ERP) – however, these systems only digitized the previous pen and paper processes. Now, a new wave of more sophisticated solutions are available that use digital twins, probabilistic models and comprehensive data integrations to forecast long-term capital expenditure and model risks and uncertainties, as well as to quantify sustainability values. This report is for senior executives across operations, engineering and finance teams in heavy asset industries who are responsible for long-term capital planning and who are considering software for this need. The report details the drivers behind the growth of the asset investment planning (AIP) software market and considers the various usage scenarios this software addresses. The report concludes by detailing four types of firms that should consider using AIP software.