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AVEVA Positioned as 2020 Asset Performance Management Leader

  • Kim Custeau, VP Asset Performance, AVEVA

AVEVA Positioned as 2020 Asset Performance Management Leader

Independent Research Firm Recognizes AVEVA As A Market Leader Among The 11 Most Prominent Global APM Solution Providers

AVEVA, a global leader in engineering as well as industrial software, has actually been named a market leader in the Verdantix 2020 Green Quadrant for Asset Performance Management (APM) Solutions. The report is targeted at heads of maintenance, reliability engineering, operations as well as safety offering a detailed assessment of one of the most prominent global vendors of APM solutions. It evaluated 11 vendors on 116 criteria, surveyed 284 engineering as well as upkeep managers, reviewed functionality in real-time item demonstrations and undertook 10 in-depth customer interviews. This was AVEVA's inaugural year of participation in this report.

"AVEVA's credentials in the APM market are impressive," commented David Metcalfe the CEO of Verdantix. "We located them to have a much broader technology portfolio than the majority of their competitors, and because of this, able to add value by looking for to enhance real-time industrial risk management-- an extra strategic objective than preventing property failure and unplanned outages - none of the various other APM vendors use such a credible set of control of work applications".

Based on the Green Quadrant analysis, Verdantix additionally commended AVEVA for delivering core use scenarios for APM software, including visually engaging interfaces to support multiple user groups and strong functionality for property health monitoring and also early failure prediction. Subsequently, AVEVA's APM software offerings were ranked in the leading three for six of the eight usage scenarios analyzed by Verdantix as well as attained the greatest rating for digital twins. AVEVA was likewise recognized for its multi-experience capacity with interactive interface resulting in a joint greatest score, for its mobile apps, augmented truth, wide screen control center displays as well as 3D digital twin models.

"Today AVEVA's comprehensive APM portfolio is tailored for companies aiming to use digital technologies to deliver an integrated approach to industrial risk management. It enables customers to recognize greater levels of reliability, availability, safety and efficiency in running their capital assets, as well as relocation from responsive as well as anticipating maintenance to prescriptive maintenance," commented Kim Custeau, VP Asset Performance, AVEVA. "We are delighted to have actually been recognized as the vendor with the best software application capabilities. This recognition, paired with the depth as well as breadth of our APM functionality discusses why the biggest enterprises in process industries such as BASF, Duke Energy, Suncor, Total, Frito and NY City Water are loyal customers. Our portfolio addresses the OT/IT gap therefore connecting organizations with cloud-based solutions for APM in real-time," Custeau concluded.

Demand for APM software has actually increased significantly over the last five years in particular. Verdantix analysis found that international spending throughout all industries on APM software, content and related services got to $2.3 billion in 2019. Industrial organizations can achieve even more success when collaborating with AVEVA, who has a portfolio of vendor agonistic software capabilities successfully operating alongside their existing solutions. Organizations globally that use AVEVA software, are experiencing much less development and deployment problems with the one vendor that can resolve lots of business challenges in its single portfolio.