Practical Insights To Help You Select A New Operational Excellence Solution
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Whether you’re looking for a new Operational Excellence solution or looking to update an existing one; selecting, implementing, and maximising the value of an Operational Excellence software from a crowded field of vendors is a difficult and time-consuming task. We’ve carefully curated a selection of data rich reports to help minimize risk, while giving you the ability to make the most informed decision when choosing a solution that best fits your business requirements.
Building your Operational Excellence tech strategy
Verdantix research brings together feedback from your peers and best practices to create a plan and roadmap to define your overall Operational Excellence technology strategy. Specific reports to get you started:
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Tech Roadmap For Asset Management Technologies
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… -
Market Overview: Asset Management Software Landscape
This study maps out the structure of the asset management software market, identifies the drivers of change and analyses the path ahead. Future Verdantix reports will provide deeper analysis and benchmarks for each of the solution categories. This report is written for chief strategy officers, VPs of products, and heads of marketing in firms that offer asset management software solutions to guide their product strate… -
Market Overview: Next Steps For Digital Twins
This report provides a strategic overview of the digital twin software application market for executives at firms that deliver digital twin projects. In this report, we outline what kinds of digital twins are available, highlight barriers that stunt the growth of the digital twin market and discuss the technologies that will supercharge it in the future. Dissecting the market into industries shows that digital twins … -
Five Digital Twin Strategies For Industrial Facilities
A Verdantix survey of 284 managers responsible for operational excellence found that digital twin solutions are viewed as the most significant innovation for the next two years. Thirty-five per cent of the respondents ‘strongly agree’ that digital twins will transform operational excellence over the next five years. To turn these aspirations into reality, firms need to follow one of five digital twin strategies. Desc… -
IoT Technologies Will Improve Industrial Risk Management
This report provides risk managers across engineering, maintenance and safety teams with an overview of the future role that Internet of Things (IoT) technologies will play in shaping new industrial risk management frameworks. These digital technologies have the potential to mitigate industrial risks in a field that has ample room for improvement, as recent industrial disasters have shown. While these technologies ar… -
Tech Roadmap For Operational Risk Technologies
This Tech Roadmap report clarifies the business value, pace of innovation and maturity of 21 operational risk technologies. Verdantix conducted a fact-based assessment of the maturity, investment case, future prospects and business value of each solution. Operations, facilities and EHS managers responsible for selecting technologies to support processes, systems and objectives should use this report to identify the t… -
The Future Direction Of Operational Risk Management Software
This report provides operations and production leaders at asset intensive firms as well as executives at software vendors with an overview of the emerging direction of software products designed to improve operational risk management. Controlling risks to ensure plants operate efficiently, workers are safe and environmental accidents do not happen has been a responsibility of asset owners for decades. In recent years…
Learning from how your peers are using tech & benchmarking your plans
A common step for operations, maintenance and engineering executives looking to identify the relevant technologies and to justify the investment is to benchmark to peer companies and learn from their experiences. Using the Verdantix research executives can compare themselves to both broad groups (from our global surveys) or to individual companies.
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Global Corporate Survey 2020: Operational Excellence Budgets, Priorities & Tech Preferences
To provide a benchmark of high quality information about operational excellence programmes, Verdantix conducted 259 interviews with managers in operations, engineering, maintenance and process safety roles. Respondents were selected from 22 countries across 13 regions, working in 14 distinct industries. Ninety-three per cent of respondents represented firms with revenues greater than $1 billion. Respondents have reac… -
Dyno Nobel Enhances Risk Management With Comprehensive Software
This report is one in a series of case studies which explore the adoption of industrial risk management technologies at prominent industrial firms. Dyno Nobel is a large commercial explosives firm with 32 manufacturing facilities spread across three continents. Although there has always been a strong safety culture at Dyno Nobel, health and safety advisors and operations managers wanted to further improve the visibil… -
Aker BP Lowers Operating Costs And Increases Productivity With Its Digital Transformation Initiatives
This report is one in a series which explores case studies around the adoption of operational excellence technologies and asset performance management solutions at prominent industrial firms. Many oil and gas asset operators rely on paper printouts for their jobs, which can lead to lost work time, delays to maintenance and therefore increase the incidence of asset failure. Aker BP, a Norwegian-oil and gas exploration… -
Alcoa Improves Operational Efficiency And Asset Reliability With Predictive Maintenance
With the increasing adoption of asset performance management software in industrial markets during the last five years, recognition of the business potential of predictive maintenance is rising. Alcoa, a global aluminium producer and owner-operator of bauxite mines, has implemented predictive maintenance software to restructure its maintenance programme and practices. The software leverages artificial intelligence an… -
EDF Implements A Mobile Work Package Solution To Reduce Cost And Improve Work Visibility
This report is one in a series of case studies which explore the adoption of operational excellence technologies at prominent industrial firms. EDF, the French power utility’s nuclear generation business sought to simplify as well as improve visibility across its work processes by transitioning from pen and paper to a mobile-accessible electronic work package solution to action and record work. This digital transform… -
London City Airport Improves Contractor Safety And Work Efficiency Through Permit To Work Software
This report is one in a series of case studies which explore the adoption of operational excellence technologies at prominent industrial firms. London City Airport (LCA) is the capital’s most central airport, handling over five million passengers in 2019. LCA wanted to ensure safe and smooth operations while an influx of contractors work on the airport’s £480 million ($622 million) development programme. The new perm… -
Integrated Manufacturing Operations Management Solution Increases Margins And Productivity At Saudi Aramco’s Yanbu Refinery
This report is one in a series that explores case studies around the adoption of operational excellence technologies at prominent industrial firms. Saudi Aramco, the Saudi Arabian multinational petroleum and natural gas company, has developed an off-the-shelf integrated Manufacturing Operations Management (iMOM) solution. The iMOM system facilitates integration and analysis of data from multiple IT, OT and engineerin… -
Operational Excellence Survey 2019: Budgets, Priorities & Tech Preferences
To provide a benchmark of high quality information about operational excellence programmes, Verdantix conducted 284 interviews with managers in operations, asset integrity and maintenance roles. In 2020, operational excellence budgets will increase on average by 6% compared to 2019. The survey reveals a high level of buy-in to the digitization of operational excellence strategies. Ninety-six per cent of the interview… -
Three Usage Scenarios Drive Industry Demand For ORM Software
This report helps heads of strategy, marketing and product at operational risk management (ORM) software vendors to determine demand for their products in different industries. The survey findings also help managers in engineering, maintenance and operations roles to understand if they are falling behind their peer group on digitizing operational risk management. Operational excellence managers’ appetite for ORM soft… -
Customer Preferences For Operational Excellence Software Show Distinct Industry Variations
This report provides an industry-level breakdown of the significance of software applications for 284 managers responsible for operational excellence. Across all industries, 97% of decision-makers consider APM software to be significant for their operational excellence initiatives, followed by 94% for ORM software. EHS software is one of the top three software applications for firms in oil and gas, infrastructure and… -
Buy-In To Digital Transformation Varies Significantly By Industry
This report provides an industry-level breakdown of the perception of digital technology by 284 managers responsible for operational excellence. Across all industries, 15% of decision-makers consider digital technology is essential for the success of operational excellence initiatives and 60% believe it has a valuable role to play. At an industry level, the operations managers in the oil and gas sector have the most …
Choosing technology & selecting a vendor
Verdantix research helps corporate executives accelerate and reduce the risk when selecting a technology vendor – please find our buyers’ guides for an overview of vendors, Green Quadrants which are detailed benchmarks of the leading suppliers, and functionality benchmarks that hone in on particular functionality.
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Green Quadrant: Asset Performance Management Solutions 2020
Software designed to monitor asset health and improve asset reliability has been available for over twenty years. In the last five years, a CEO focus on digital strategies in industrial markets has accelerated adoption of asset performance management (APM) software and additional vendors such as IBM and SAP have launched product offerings. Over the years, customers have come to realize that they will achieve more suc… -
Green Quadrant Operational Excellence Digital Services 2020
This report provides a detailed fact-based comparison of the 12 most prominent digital operational excellence service providers. Based on the proprietary Verdantix Green Quadrant methodology, the analysis is based on two-hour interviews with practice executives at each vendor, vendor responses to a 108-point questionnaire, interviews with 10 corporate managers from four countries in the oil and gas, chemicals, mining… -
Digital Services Benchmark: Asset Performance Management
Spending on digital initiatives to improve asset management has risen over the past five years driven mainly by factors such as CEO-led digital transformation plans, the availability of new technology and high costs of unplanned downtime. To help buyers select the best-fit APM digital service provider, this benchmark provides a detailed analysis of the digital service capability of 12 vendors across three capability … -
Buyer’s Guide: Digital Twins For Industrial Facilities
This report provides managers interested in exploiting the potential of digital twins for industrial facilities with a guide to which tech vendors currently provide market offerings. The study includes a high-level assessment of 26 vendors on seven capabilities and across 15 different asset classes. Firms interested in deploying a digital twin for an industrial facility such as a power plant or offshore oil rig will … -
Buyer’s Guide: Permit To Work Software
Demand for permit to work (PTW) software has risen rapidly over the past two years as firms have increasingly realized the dual benefit of controlling real-time risks whilst improving the speed at which safe work can be completed. Implementation of PTW software can be standalone or integrated with other modules such as risk assessment, isolation management and contractor safety. More recently, existing users of the s… -
Buyer’s Guide: Drone Solution Providers
The commoditization of drone hardware has opened up myriad opportunities to use drones for commercial, industrial and civil government purposes. At the same time, the expansion of drone providers has been hit by volatile market conditions such as regulatory changes, technology limitations and negative publicity. A range of niche and broad service providers have managed to mature their offerings even under these volat… -
Smart Innovators: Augmented Reality Solutions For Remote Assistance
This report provides buyers of augmented reality (AR) solutions for remote assistance with an overview of the current state of the market and an assessment of vendors with the most comprehensive offerings. The study also provides executives at vendors with an understanding of how their capabilities stack up relative to their competitors across eight assessment criteria. Features such as secure connectivity with remot… -
Smart Innovators: Connected Worker Solutions For Health And Safety
Frontline workers, by the nature of their roles, are more likely than others to encounter EHS hazards. Their job roles, although diverse, directly expose them to numerous risks from their environment. This report breaks down the EHS connected worker solution market that addresses those risks; the analysis explores the struggle to define an appellation that is often used synonymously with connected worker platforms, I… -
Smart Innovators: Field Service Management Software
This report provides buyers of field service management (FSM) software with an overview of the current state of the market and a high-level assessment of 30 innovative vendors with the most comprehensive offerings. This report also offers executives at vendors with an understanding of how their capabilities stack up relative to their competitors across eight assessment criteria. Mobility, flexible work-order manageme… -
Strategic Focus: Virtual Reality Training Solutions
With the continued expansion of the consumer market for virtual reality (VR), business use cases for the technology are coming to the fore. VR training is one the primary applications for VR technology in industrial settings, providing users with an immersive experience of training scenarios across a variety of use cases and industries. There are several aspects in the production and delivery of VR training material,… -
Smart Innovators: IIoT Network Platforms
Many industrial firms now pursue digital transformation strategies which aim for step-change improvements in business performance by instrumenting equipment, connecting operational technology with information technology, leveraging mobile and cloud computing, and boosting field worker productivity. To succeed with digital transformation firms need an Industrial Internet of Things (IIoT) strategy which provides a netw… -
Green Quadrant Operational Risk Management Software 2019
This report provides a detailed fact-based comparison of the 17 most prominent operational risk management (ORM) software vendors. Based on the proprietary Verdantix Green Quadrant methodology, the analysis is based on two-hour live product demonstrations with pre-set scenarios and vendor responses to a 211-point questionnaire. To understand customer needs Verdantix conducted interviews with 16 software users from th… -
Software Benchmark: Barrier Risk Management
Barrier risk management is a specialised functionality for many vendors with only a select few offering strong capabilities in this area. As buyers strive for a better understanding of interdependent risks that affect operations, barrier risk management is becoming a core functionality of operational risk management software. To help buyers with a barrier risk management focus, this software benchmark provides a deta… -
Software Benchmark: Control Of Work
Whilst some firms invest in software to cover a multitude of industrial risk management usage scenarios, other buyers are primarily interested in digitizing their approach to the safe control of work. To help operations leaders seeking to better control risks arising from maintenance and production work, this software benchmark provides a detailed analysis of functionality used to meet control of work objectives. The… -
Software Benchmark: Process Safety Management
Whilst some firms invest in software to cover a multitude of industrial risk management usage scenarios, other buyers are primarily interested in digitizing their approach to process safety management (PSM). To help buyers with a PSM focus, this software benchmark provides a detailed analysis of functionality used to meet process safety management objectives as defined by OSHA and other regulatory agencies. The analy… -
Smart Innovators: Asset Performance Management Software
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 … -
Smart Innovators: Digital Twins For Industrial Facilities
Digital twins are part of the Industry 4.0 megatrend and are primarily used today for equipment design and testing. Only in the past two years has the concept of facility-wide digital twins gathered momentum due to the complexity involved in modelling and simulating the performance of industrial facilities. Reflecting the relative newness of this technology in the industrial space, vendors offer digital twin software… -
Smart Innovators: Contractor Safety Management
This report provides buyers of contractor safety management software with an overview of the current state of the market and an assessment of 18 vendors with the most comprehensive software and services offerings. Managers involved in selecting providers of contractor safety solutions include those in EHS, operations, procurement and sourcing. The study also provides executives at vendors with an understanding of how…
In addition, our reports on specific vendors help you better understand their strategy, solution development and if they might be a good for your organisation:
Building the Business case for tech
This essential step is self-explanatory:
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Business Case For Operational Risk Management Software
Operational risk management (ORM) software combines functionality for control of work, process safety and barrier risk management. It’s significance has been boosted in the last 12 months by the acquisition of specialist vendors by larger software providers who plan to integrate ORM capabilities into broader EHS and asset management suites. According to Verdantix corporate surveys, the biggest challenge for champions…
Getting value from your technology estate
Selecting and implementing a vendor is by no means the end of the story. Most firms only get a fraction of the possible value from the technology they have implement. So whether it’s part of long term improvement plans or for crisis response (such as Covid), Verdantix covers this topic with multiple technologies:
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Strategic Focus: How COVID-19 Boosted Digital Strategies For Industrial Firms
This report examines how industrial firms have moulded their digital strategies around COVID-19 restriction challenges, using data from the 2020 editions of the Verdantix EHS and Operational Excellence surveys. Despite the issues firms have experienced owing to the COVID-19 pandemic, many businesses have chosen to accelerate their digitization initiatives. Providers of digital technology including industrial so… -
Digital Technologies Close The Gap Between Assets And Workers To Enable Real-Time Risk Management
This report provides operations, safety and risk managers with insight for incorporating digital technologies to enhance real-time risk management. The majority of accidents and incidents that occur involve assets and workers. Digital technologies such as industrial wearables, digital twins, control of work software and asset performance management software enable closer cooperation between EHS and operations, presen… -
Best Practices For Digitizing Industrial Asset Management
This report provides industrial operations managers and executives with an overview of best practices for digitally transforming their asset management practices. To capture best practice insights, Verdantix conducted in-depth interviews with 13 asset performance management experts at service providers and technology firms and surveyed 284 managers in operations, maintenance and engineering roles. Our research conclu… -
Managing Contractor Safety During The COVID-19 Pandemic With Technology
The 2020 coronavirus pandemic has ground the world to a halt. The pandemic has caused borders to close across Asia, Europe and North America. At the same time, global lockdowns are in place over a quarter of the world population. However businesses are slowly but steadily starting to reopen. Firms in industries such as construction and manufacturing rely on a large number of contractors to operate. This report provid… -
Best Practices For Contractor Safety Management
This report provides managers in operations and safety roles with an overview of best practices for contractor safety management. To capture best practice insights, Verdantix undertook 23 interviews with corporate safety and operations managers as well as contractor safety management experts at service providers and technology firms. Verdantix analysis finds that successful contractor safety management requires a clo… -
Improving Industrial Safety: Tech For Real-Time Risk Controls
This report forms one in a series covering technologies which enhance operational risk management for industrial assets. Safety executives, reliability engineers and plant managers all face the same operational risks but apply different approaches to mitigating those risks. All these different stakeholders can benefit from the use of new technologies that control risks in real-time. Technology innovations such as sen… -
Fixing Contractor Safety: Prequalification Mitigates Major Risks
This report provides an overview of the valuable role played by prequalification providers in efforts to improve contractor safety management. It serves as a lens for heads of EHS, operations and procurement to identify the pre-qualification specialists who provide services to verify the authenticity of contractors’ key documents and assess their safety performance. Demand for third-party prequalification is driven b…
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