Engineering and industrial software powerhouse AVEVA has taken out the top gong in the Verdantix 2020 Green Quadrant for Asset Performance Management (APM) Solutions.
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The London-based independent research firm’s annual report targets heads of maintenance, reliability engineering, operations and safety providing a detailed assessment of the most prominent vendors of APM solutions across the globe.
Demand for this type of software has increased significantly over the last five years, with Verdantix’s analysis finding that global spending across all industries on APM software, content and related services reached $2.3 billion in 2019.
It was AVEVA’s inaugural year of participation in the report, which assessed 11 vendors on 116 criteria, surveyed 284 engineering and maintenance managers, reviewed functionality in live product demos and undertook 10 in-depth customer interviews.
Verdantix CEO David Metcalfe said the tech company’s credentials in the APM market set them apart from competitors.
“We found AVEVA to have a much broader technology portfolio than the majority of their competitors, and as a result, able to add value by seeking to enhance real-time industrial risk management – a more strategic goal than avoiding asset failure and unplanned outages – none of the other APM vendors offer such a credible set of control of work applications.”
Based on the Green Quadrant analysis, Verdantix also commended AVEVA for delivering core usage scenarios for APM software, including visually engaging interfaces to support multiple user groups and strong functionality for asset health monitoring and early failure prediction.
Consequently, AVEVA’s APM software offerings were ranked in the top three for six of the eight usage scenarios assessed by Verdantix and achieved the highest score for digital twins.
AVEVA was also recognised for its multi-experience ability with interactive user interfaces resulting in a joint highest score for its mobile apps, augmented reality, wide screen control center displays and 3D digital twin models.
AVEVA Head of Pacific Damien McDade said the firm’s vendor agonistics software capabilities efficiently operated alongside their existing solutions so that organisations can address its challenges.
“Today AVEVA’s comprehensive APM portfolio is tailored for organisations aiming to use digital technologies to deliver an integrated approach to industrial risk management,” Mr McDade said.
“It enables customers to realise greater levels of reliability, availability, safety and efficiency in operating their capital assets, as well as move from reactive and predictive maintenance to prescriptive maintenance.
“We are delighted to have been recognised as the vendor with the strongest software capabilities. This recognition, coupled with the depth and breadth of our APM functionality explains why the largest enterprises in process industries such as BASF, Duke Energy, Suncor, Total, Frito-Lay and New York City Department of Environmental Protection are loyal customers.
“Our portfolio addresses the OT/IT gap thereby connecting organisations with cloud-based solutions for APM in real-time.”
Founded in 1967, AVEVA services more than 16,000 companies worldwide and employs over 4,400 employees across 40+ countries, with mining giants BHP, Rio Tinto and Glencore forming part of its client portfolio.
Source: P4 GROUP.