Buyer’s Guide: Asset Performance Management Software
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Executive Summary
Table of contents
Asset Performance Management Solutions Buyer’s Guide 2021
The Market For APM Solutions Is Booming
Four Core Functionalities Underpin APM Solutions
Solution Providers Offer Products With Similar Capabilities But Have Varying Levels Of Industry Expertise
APM Product Strategies Are Aimed At Ease Of Integration, Mobility And Digital Twins
Prospective Customers Should Apply Six Criteria To Shortlist Best-Fit APM Solution Providers
Inclusion Criteria For The 2021 Asset Performance Management Solutions Buyer’s Guide
AspenTech Combines AI And Simulations To Offer A Robust Prescriptive Maintenance Solution
Augury Offers AI-Powered Machine Health And Prescriptive Operational Diagnostics
AVEVA Offers A Visual AI-Enhanced APM Solution To Drive Optimized Asset Strategies
Bentley Systems Offers A Digital Twin-Based APM Solution Across An Asset’s Life Cycle
Bently Nevada Bolsters Its APM Solution With 60 Years’ Asset Monitoring and Strategy Expertise
Cenosco Offers A Product Suite That Solves A Plethora Of Asset Integrity Challenges
Cognite Offers An Industrial DataOps Platform That Accelerates Customers’ APM Journeys
Endevor’s Turnkey Asset Optimization Solution Is Tailored To Solve Power Generation Industry Challenges
GE Digital Fuses Solid APM Functionality With Expert Implementation To Spur Customer Success
Hitachi ABB Power Grids Leverages Its Deep Power Sector Expertise To Enable Intelligent Operations
Honeywell Leverages Its Industrial Process Expertise To Offer A Robust APM Solution
IBM’s Flagship Maximo Suite Offers Deep End-To-End Asset Maintenance Functionality
Itus Digital Offers A Swift-To-Implement Digital Twin-Based APM Product With A Clean UI
Lloyd’s Register Provides End-To-End APM Solutions Tailored For Asset-Critical Challenges
Pragma Offers A Comprehensive Condition-Based Maintenance Solution With A Robust Mobile App
Seeq Provides An Extensible Platform For Extensive Data-Driven Maintenance Analytics
Senseye’s Open Predictive Maintenance Platform Demonstrates Quick And Scalable ROI
Symphony Industrial AI Blends Physics and ML-Based Techniques For High-Fidelity Asset Failure Predictions
Uptake Leverages Its Extensive Data Management Capabilities To Optimize Maintenance Strategies
Table of figures
Figure 1. Common User Groups And Functionality Requirements Of APM SolutionsFigure 2. APM Vendor Landscape: Example Solution Providers Based on Background
Figure 3. Product, Industry Focus And Capabilities Of Representative APM Solution Providers
Figure 4. APM Customers And Revenue By Region Of Representative APM Solution Providers
Figure 5-1. APM Dealflow: Acquisitions, Investments And IPOs
Figure 5-2. APM Dealflow: Acquisitions, Investments And IPOs
Figure 6. Six Criteria Prospective Customers Should Apply When Selecting An APM Solution Provider
Figure 7. Evaluation Criteria For Asset Management Software Applications
Figure 8. AspenTech’s Asset Performance Management Solution Overview
Figure 9. Augury’s Asset Performance Management Solution Overview
Figure 10. AVEVA’s Asset Performance Management Solution Overview
Figure 11. Bentley Systems’ Asset Performance Management Solution Overview
Figure 12. Bently Nevada’s Asset Performance Management Solution Overview
Figure 13. Cenosco’s Asset Performance Management Solution Overview
Figure 14. Cognite’s Asset Performance Management Solution Overview
Figure 15. Endevor’s Asset Performance Management Solution Overview
Figure 16. GE Digital’s Asset Performance Management Solution Overview
Figure 17. Hitachi ABB Power Grids’ Asset Performance Management Solution Overview
Figure 18. Honeywell’s Asset Performance Management Solution Overview
Figure 19. IBM’s Asset Performance Management Solution Overview
Figure 20. Itus Digital’s Asset Performance Management Solution Overview
Figure 21. Lloyd’s Register’s Asset Performance Management Solution Overview
Figure 22. Pragma’s Asset Performance Management Solution Overview
Figure 23. Seeq’s Asset Performance Management Solution Overview
Figure 24. Senseye’s Asset Performance Management Solution Overview
Figure 25. Symphony Industrial AI’s Asset Performance Management Solution Overview
Figure 26. Uptake’s Asset Performance Management Solution Overview
Organisations mentioned
The Cohesive Companies, ABB, Abbott Nutrition, Abu Dhabi National Oil Company (ADNOC), Accel, Accenture, Ada Mode, ADLINK, AG Solution, Aladon Network, Albemarle, Alcoa, Alfa Laval, Alluvium, Altira Group, Amazon Web Services (AWS), Ameren Illinois, AMI Global, AmSty, Aptean, Arauco, ARMS Reliability, Ascend Performance Materials, AspenTech, Asset Performance Technologies (APT), AT&T, Atonix Digital, Atos, Augury, AVEVA, Axilor, Azima Global, Baillie Gifford, Baker Hughes, Baosteel, Bentley Systems, Bently Nevada, BHE Renewables, BISTel, Black & Veatch, Bord Gáis Energy, Boston Consulting Group (BCG), Boston Dynamics, Bouvet, BP, Brandenburg Kapital, Bruce Power, C3 AI, Camo Analytics, Canadian National Railway, Capgemini, Capital Power, Carrier, Cassantec, Caterpillar Ventures, Cenosco, CMS Asset Management, Cognite, Cognizant, Cohesive Solutions, Colgate-Palmolive, Covestro, Cygnet Infotech, DataStax, Dell Boomi, Deloitte, Detechtion Technologies, Detect Technologies, DNV , Docker, Dow Chemicals, DSV, DTE Energy, Duke Energy, eMaint, Emerson, Endevor, endiio, EnerPure, Ensemble Energy, Ensign Energy Services, EPCOR, Epiroc, Essity, Everactive, Exida, Exxaro, ExxonMobil, Falkonry, FANUC, Feelit, Flexo, Flowserve, Fluke Corporation, Formosa Plastics Corporation, Fortino Capital Partners, Fracttal, Frito Lay, FutureOn, GE Digital, General Electric, General Motors, Geotab, GILL, Google, Grafana, GreatPoint Ventures, Grundfos, GSE TrueNorth, HashiCorp, Henkel, Hexagon, Hitachi, Hitachi ABB Power Grids (HAPG), Hitachi Vantara, Honeywell, Iberdrola, IBI Webfocus, IBM, IBM Global Business Services, ICL, Idhammar Systems, ifm, Industrial Analytics (IA), Infinite Uptime, InfluxDB, Infor, Inmation Software, Inner Mongolia Power Company (IMPC), Insight Partners, Institute of Electrical and Electronics Engineers (IEEE), International Council on Large Electric Systems (CIGRE), International Electrotechnical Commission (IEC), iOFFICE, iot.nxt, IPS Group, Italpresse Gauss, Itera, Itus Digital, JFrog, Kinectrics, Kubernetes, Lanxess, LCG Consulting, Life Cycle Engineering, Lloyd’s Register, Logan Aluminum, Lonza, L'Oreal, Lundin, Ma’aden Gold & Base Metals Company, Maana, MachineMetrics, Maintenance Connection, Marathon Petroleum Corporation (MPC), March Capital, MaxGrip, McKinsey & Company, Merck, Meridium, Methanex, Microsoft, MidAmerican Energy, Mitsubishi Heavy Industries, Mnubo, MODEC, Movus, Munich Re, National Petroleum Refiners of SA, nextAPM, Nexus Global, Nissan, Nova Scotia Power, NRG Energy, NTT DOCOMO Ventures, Omron, OMV, Oncor, Oniqua, Ontracks Consulting, OPC Foundation, Open Systems International (OSI), Oracle, OSIsoft, OutSystems, Pepsi Bottling Ventures, PepsiCo, Permasense, Petronas, PGS, pi Ventures, Pinnacle, Praelexis, Pragma, Predikto, Presenso, Progea Group, Project Jupyter, Prüftechnik, PTC, PwC, Qlik, Quartic.ai, Quest, Qumra Capital, Red Hat, Red Technical Services, Reliability Center Inc. (RCI), Revolution, Rockwell Automation, RoviSys Company, SABIC, Sabisu, Salt River Project (SRP), SAP, SAS, Saudi Aramco, Savigent, Schneider Electric, SCOR, ScyllaDB, Seeq, Senovo, sensemetrics, Senseye, SFK, Shell, ShookIOT, Sibur, Siemens, SKF, SMRT, Smurfit Kappa, Snowflake, SOCAR, Sony Innovation Fund, SparkCognition, SRO Solutions, Stattnet, Stork, Swiss Federal Railways (SBB), SwitchOn, Symphony AzimaAI, Symphony Industrial AI (SIAI), SymphonyAI Group, Talend, TasWater, Tata Consultancy Services (TCS), Tata Power, Tata Steel, TCV, Teck Metals, Teradyne, Tetra Pak, The Navigator Company, TimescaleDB, Total, Trane, Trimble, Turbulent Flux, Tyk, UK Power Networks Services, Ultimo, United Road, UpKeep, Uptake Technologies, Uptime Consultant, UptimeAI, US Army, Ventureast, Verizon, Visma bWise, Vista Data Vision, VMWare, Vysus Group, Western Virginia Water Authority, Wintershall Dea, Wipro, Wood, Worley , WRVI Capital, Yara, ymphony Industrial AI (SIAI), YourNest Venture Capital, YPFAbout the authors
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