Green Quadrant: Asset Investment Planning Software 2023

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Executive Summary

This report provides a detailed fact-based comparison of the most prominent asset investment planning (AIP) software vendors in the market today. Based on the proprietary Verdantix Green Quadrant methodology, our analysis encompassed one-hour live product demonstrations with pre-set scenarios, and considered vendor responses to a 70-point questionnaire covering five technical, five functional and eight market momentum categories. We also conducted interviews with 15 corporate users of AIP software and reviewed the data from our global survey of 301 operational excellence decision-makers. Spend on AIP software is set to grow, with providers looking to differentiate by offering end-to-end asset lifecycle capabilities, enhancing ESG capabilities, leveraging machine learning (ML) analytics, developing lightweight applications, upgrading usability and improving connectivity with other asset management solutions. Among the software vendors featured in the Leaders’ Quadrant, four firms – Arcadis Gen, Brightly Software, Copperleaf and DIREXYON – demonstrated the most advanced all-round AIP software capabilities.

Organisations mentioned

1898 & Co. (part of Burns & McDonnell), ABB, AECOM, Affinity Water, American Water Works Association, Anglian Water, ARCADIS Gen, Arizona Public Service, AspenTech, Assetic, Australian Energy Regulator (AER), AVEVA, Banner Health, BPD Zenith, Brightly Software, Cadent Gas, Caltrans, Cartegraph, CentralSquare EAM, Charleston Water System, City of Calgary, City of Cape Town, City of Montreal, Cityworks, Cognite, Con Edison, Confirm, Copperleaf, Cosmo Tech, Deighton, DIREXYON, District and City of North Vancouver, District of Columbia, Dŵr Cymru Welsh Water, EA Technology, ECMWF (European Centre for Medium-Range Weather Forecasts), Electricity North West, Endeavour Energy, Endevor, Energex, Entergy, Eptura, Evergy, Florida Highways, GE Digital, Georgia Department of Transportation, Groupe E, Gurobi, Hertfordshire County Council (UK), Hexagon, Hitachi Energy, Hydro-Québec, IBI Group, IBM, ICS Consulting, IFS, IFS Ultimo, Infrastructure Data Solutions (IDS), Infrastructure Solutions (ISI), Institute of Nuclear Power Operations (INPO), International Organization for Standardization (ISO), Iowa Department of Transportation, LinkedIn, Microsoft, National Grid Electricity Distribution, National Grid USA, Network Rail, Nexans, Oakland County Michigan, Ofgem, Ofwat, OpenAI, Oracle, Ovarro, PowerPlan, Pragma, Probit Consulting, Prometheus Group, QAD, RTE, SAP, Scottish and Southern Electricity Networks, Severn Trent, Siemens, Southern Water, Tableau, TasNetworks, Tennessee Valley Authority, Tetra Tech, Thames Water, Town of Newmarket, Town of Walkerville, TRL Software, United Utilities, US Environmental Protection Agency (EPA), US National Oceanic and Atmospheric Administration (NOAA), Vancouver Fraser Port Authority, Waka Kotahi NZ Transport Agency, Wood Group, Woodhouse Partnership, World Bank

About the authors

Malavika Tohani

Research Director, Operational Excellence
Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

Kiran Darmasseelane

Senior Analyst
Kiran is a Senior Analyst in the Verdantix Operational Excellence practice. His current research agenda focuses on emerging solutions and global market trends across the process industries, with a particular interest in APM, AIP and process simulation solutions. Prior to joining Verdantix, Kiran worked at Siemens DI, where he gained experience in advanced process modelling and digital twin technologies. Kiran holds an MEng in Chemical Engineering from the University of Nottingham.

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