Market Insight: Firms Invest In Industrial Software For Net Zero Strategies
Hugo Fuller
22 Nov, 2023
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Executive Summary
Net zero has rapidly become integrated within industrial organizations’ strategies. It is in operations, however – where the rubber meets the road – that net zero initiatives come to fruition. For many operations personnel, grandiose corporate dialogue around net zero targets can feel intangible, especially where there is constant pressure to perform, at facilities where worker shortages are routine. Verdantix wanted to find out how operations decision-makers view the concept of net zero within their day-to-day responsibilities, and discover the tools and technologies they are using to aid business transformation. We asked net-zero-specific questions in our annual global corporate survey of 304 operations, maintenance and engineering decision-makers, to shed light on the software and technologies being deployed to aid the achievement of net zero targets.
Net zero is shaping operations strategies across industrial organizations
The net zero train has left the station
Green infrastructure and the reporting burden drive industrial net zero initiatives
Firms view the use of existing industrial solutions as integral to the achievement of net zero targets
The net zero train has left the station
Green infrastructure and the reporting burden drive industrial net zero initiatives
Firms view the use of existing industrial solutions as integral to the achievement of net zero targets
Figure 1. Change in operational excellence spend for the next 12 months
Figure 2. Factors driving digital transformation of plant operations
Figure 3. Evolving responsibilities of operations personnel due to net zero initiatives
Figure 4. ESG and net zero priorities for industrial firms
Figure 5. Industrial technologies driving the achievement of net zero goals
Figure 2. Factors driving digital transformation of plant operations
Figure 3. Evolving responsibilities of operations personnel due to net zero initiatives
Figure 4. ESG and net zero priorities for industrial firms
Figure 5. Industrial technologies driving the achievement of net zero goals
1898 & Co., ABB, Abu Dhabi National Oil Company (ADNOC), Accenture, Accruent, Aker BP, Altex Group, AspenTech, BP, Burns & McDonnell, Centrica, Chevron, Clariant, Cognite, dataPARC, ENI, ESG Book, European Commission, ExxonMobil, Futraheat, IBM, International Energy Agency (IEA), Maersk, Nextbitt, Occidental Petroleum, QiO Technologies, Shell, Sund & Bælt, TotalEnergies, Trendminer, UK High Court, US Securities and Exchange Commission (SEC), World Economic Forum (WEF)
About the Authors
Hugo Fuller
Senior Analyst
Hugo is a Senior Analyst in the Verdantix Industrial Transformation practice. His current research agenda explores the technologies within the industrial asset management soft...
Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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