This Tech Roadmap report clarifies the business value, pace of innovation and maturity of 23 asset management technologies. Verdantix conducted a fact-based assessment of the maturity, innovation, future prospects and business value of each solution. Operations and facilities managers responsible for selecting technologies for asset lifecycle management should use this report to identify the technologies that can add value to their operations. The technologies identified range from emerging categories such as video analytics for asset condition monitoring to a variety of asset health analytics tools, asset performance management software and operational risk management software. Technology buyers can use the Tech Roadmap methodology to identify new technologies for pilot projects and also to develop technology strategy plans. Risk averse firms should focus on the potential of technologies with proven business value which are in the growth or maturity phases of the technology lifecycle. Innovators and early adopters should take note of launch phase technologies.

Table of contents

Introducing Tech Roadmap Analysis
Key Questions Answered By Tech Roadmap Analysis
Tech Roadmap Analysis Aligns With Asset Management Strategies

Tech Roadmap For Asset Management Technologies
Defining The Market For Asset Management Technologies

Methodology Overview
Identifying The Five Market Phases Of Technology Maturity
Three Technology Life Cycles Differentiate Business Value
Technology Adoption And Success Influence Positioning
Pace Of Innovation Determines The Time To Next Life Cycle Phase
How To Use Tech Roadmap Analysis For Portfolio Management

Phase 1: Research and Development
No Technologies Identified

Phase 2: Launch
2.1 Video Analytics
2.2 Digital Twins For Industrial Facilities
2.3 Industrial Internet of Things (IIoT) Platforms
2.4 Prescriptive Maintenance Analytics
2.5 Wireless Sensors
2.6 Mobile Inspection Management
2.7 Control of Work Software
2.8 Predictive Failure Analytics

Phase 3: Growth
3.1 Asset Reliability Analytics
3.2 Fault Detection & Diagnostics (FDD)
3.3 Inspection Drones
3.4 Asset Performance Management (APM) Software
3.5 Management of Change (MOC) Software
3.6 RFID Asset Tracking
3.7 QR Code Asset Tracking

Phase 4: Maturity
4.1 Manufacturing Execution Systems (MES)
4.2 Remote Condition Monitoring
4.3 Distributed Control Systems (DCS)
4.4 Process Historian Databases
4.5 Enterprise Asset Management (EAM) Software
4.6 Computer-Aided Facilities Management (CAFM)
4.7 Energy Management Software
4.8 Computerized Maintenance Management Systems (CMMS)

Phase 5. Decline
No Technologies Identified

Table of figures

Figure 1. Tech Roadmap For Asset Management Technologies

Organisations mentioned

j5 International, Quentic, C3 IoT, Cape Aerial Telepresence, Airsweb, Arrelic, Switch Automation, Dresser-Rand, Nexus Global, Parrot, Flying Saucer Aerial Solutions, Fractal Solutions, ABB, Yokogawa, Flyability, Chevron Phillips, Rockwell Automation, Lockheed Martin, Microsoft, EZOfficeInventory, Eagle Technology, EnerNOC, Aerovironment, 4Site, Valarm, ASAP Systems, Avetics, IMCI Technologies, eMaint, PrecisionHawk, Influx Data, CHEQROOM, FMIS, NimbeLink, Epicor, WiseTrack, Guardhat, Kanepi, Vintra, inLogic, RiskPoynt, BuildingIQ, ReliaSoft, ETQ, SenseGrow, Yuneec, TEKLYNX, Intel, Maxpanda, ExPD, BidEnergy, Epitome Solutions, Frontline Data Solutions, Ambarella, Uptake, Planon, Oracle, Weatherford International, Exxon Mobil, Identiv, Hexagon, Avandel, Ameresco, eSight Energy, AgentVi, AssetTiger, Magellan Midstream Partners, Redbeam, UL, Bentley Systems, Amber Technical Solutions, Schneider Electric, IFS, Akselos, Huntsman Corporation, Iconics, Daikin, Cyberhawk, ServiceChannel, DNV GL, Pronto Forms, Sierra Wireless, Carbon Credentials, Megamation, Concerto, Biz4Intellia, Wonderware, Solar Light, Detechtion, Ramco Systems, itemit, Tego, RMS Omega, SAP, Atonix Digital, SparkCognition, Cority, Asset Panda, Mobile Epiphany, DEXMA Energy Management, Mainsaver, Martek, Avigilon, Industrial Skyworks, Wasp AssetCloud, VelocityEHS, BuildPulse, Smartsheet, IQMS, Urjanet, Accruent, Envizi, Nortal, Oxand, Ultimo Software Solutions, IsoMetrix, Yokogawa SENCOM, RAP International, Lloyd’s Register, AspenTech, DroneDeploy, Infor, DJI, Bigfoot Software, Amazon Web Services IoT, SAS, KGS Buildings, MGM Solutions, Artis Energy Intelligence, Sphera, AVEVA, Engica, eVision, University of Salford, HMS Industrial Networks, Cortexica Vision Systems, Prevas, Measure, The Dow Chemical Company, IBM, IPS Solutions, Bsquare, M2M Data Corporation, Enablon, Wi-Tronix, SkyFoundry, ePROMIS, GE Digital, API Maintenance Systems, TE Connectivity, Upkeep Technologies, Insitu, CMMS Data Group, Sky-Futures, Johnson Controls, Excitech, Form.com, Siemens, Gensuite, HID Global, Petrotechnics, Autodesk, 3D Robotics, PTC, SAI Global, Flowserve, Dematic, Dakota Software, TenForce, Trackplan, Vernier Sensors, Omni-ID, Encana, Coreworx, iSite, Dassault Systèmes, CAFM Explorer, iProcess, Emerson, Honeywell, VirtueInspect, SOMAX, GigaTrak, Asset Analytix, MAPCON, Aptean, Rolls-Royce, Intelex, Maersk, Enviance, United Technologies, Causeway Technologies, Pacific Controls, WhipAround, SSG Insight, Plex, ProcessMAP, Imageworks, Veolia, OSIsoft

About the Authors

Dennis Callaghan

Principal Analyst

Dennis is a Principal Analyst at Verdantix, contributing to both the Operational Excellence and Smart Buildings practices. His current research agenda focuses on covering…

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David Metcalfe

CEO and Co-Founder

David is the CEO of Verdantix and co-founded the firm in 2008. Based on his 20 years of experience in technology strategy and research roles he provides guidance on digital st…

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