Strategic Focus: High Value Use Cases And Benefits Of Asset Investment Planning Software
Sebastian Winter
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Executive Summary
Software applications to assist with capital planning have existed since the early days of enterprise resource planning (ERP) – however, these systems only digitized the previous pen and paper processes. Now, a new wave of more sophisticated solutions are available that use digital twins, probabilistic models and comprehensive data integrations to forecast long-term capital expenditure and model risks and uncertainties, as well as to quantify sustainability values. This report is for senior executives across operations, engineering and finance teams in heavy asset industries who are responsible for long-term capital planning and who are considering software for this need. The report details the drivers behind the growth of the asset investment planning (AIP) software market and considers the various usage scenarios this software addresses. The report concludes by detailing four types of firms that should consider using AIP software.Appetite For Asset Investment Planning Software Rises, Driven By Multiple Factors
Industrial Firms Leverage AIP Software To Enhance Long-Term Strategic Decision-Making
Firms Looking To Benefit Across Four Key Areas Should Consider Using AIP Software
About the Authors
Sebastian Winter
Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management softwar...
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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