ABB Drives Forward With Its Holistic Asset Management Vision

Executive Summary

This report forms one in a series covering the asset performance management (APM) software market, which is entering a phase of growth and innovation. ABB was founded through a merger in 1988 and is one of the world’s largest providers of electrical equipment and industrial automation products. ABB also has a large software portfolio encompassing a wide range of asset-intensive industries, with specialisations in the power and utilities industries. ABB provides users with a thorough understanding of their industrial assets by encompassing data from a range of information systems and sensors to provide strong functionality for asset health monitoring, predictive maintenance, and prescriptive maintenance. Verdantix recommends that operations managers at power and utility firms looking for an APM platform that integrates asset information data to provide detailed insights into asset behaviour, should consider using ABB’s APM offering to improve their operational performance.