Press releases

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London – October 15, 2019. The global market for asset performance management (APM) software will grow from $2.3 billion in 2019 to $4.0 billion in 2024 according to a new study from independent research firm Verdantix. The forecasted compound annual growth rate of 11.5% will be driven by the availability of new technologies such as predictive maintenance analytics, digital twin simulations and the industrial IoT. Vendors positioned to benefit from this growth include AspenTech, AVEVA, GE Digital, IBM, Lloyd’s Register and Uptake.

London – September 25, 2019. Independent research firm Verdantix announced the eleven winners of the annual EHS Innovation Awards at the Verdantix Summit in Atlanta where over 180 EHS professionals convened for two days of expert panels, best practices workshops, and vendor CEO insights. The prestigious international awards recognize organizations which have implemented innovative EHS technologies. The winners were selected by three independent judges, including the heads of EHS at Amazon and Birla Carbon and the Director of the Campbell Institute at the National Safety Council.

London – August 21, 2019. Independent research firm Verdantix has released its annual global survey of 284 managers responsible for operational excellence at large firms across 12 industries and 13 major economies. The interviewees – managers responsible for asset integrity, engineering and operations -- expect an average budget increase of 6% in 2020 compared to 2019. High priorities for 2020 are achieving safe operations (58% of respondents), improving asset reliability (50%), and enhancing process excellence (44%).

London - August 12, 2019. Independent research firm Verdantix will host its ninth summit for health, safety, environment (HSE) and operational excellence innovation, in London in 2020. The Verdantix HSE and Operational Excellence Innovation Summit EMEA will provide senior managers in HSE, operations and engineering roles with three days packed with best practice workshops, engaging presentations about the most recent digital innovations, analyst workshops and expert panel discussions. The summit will help both HSE and operations leaders understand how digitized processes will enable closer collaboration, better risk management and improved performance.

London – August 5, 2019. Independent research firm Verdantix has announced that it will be expanding their Operational Risk coverage to encompass the growing requirements for Operational Excellence technologies which enhance asset reliability, worker health and operational safety. Research coverage includes best practice studies, a global survey of more than 250 operations managers and a comprehensive independent assessment of operational excellence technology vendors as well as service providers.