Buyer’s Guide: Asset Investment Planning Software (2023)

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Executive Summary

This report provides decision-makers at industrial facilities who are responsible for the selection, implementation and management of software for asset investment planning (AIP) with an up-to-date analysis of 16 prominent AIP solutions on the market. The report analysis leverages data from 16 AIP solutions providers collected via questionnaires and software demonstrations over the last three months. To supplement this, Verdantix has built a holistic picture of the AIP market and buyer requirements using a range of publicly available data, as well as insights generated via our annual global survey of 301 executives in operations, maintenance, engineering and process safety roles. Prospective buyers should use this report to support them in their search for AIP software applications that fit their requirements.

Table of contents

Asset Investment Planning Buyer’s Guide 2023
Multiple Factors Drive Demand For AIP Software
Asset Investment Planning Offers A Host Of Benefits
AIP Vendors Focus On Enhancing Solution Capabilities With Analytics And Climate Risks
Buyers Should Consider Industry Requirements When Selecting AIP Software
Inclusion Criteria For The 2022 AIP Buyer’s Guide
Accruent Provides Asset Models To Improve Capital Planning For Healthcare Organizations
Arcadis Gen Leverages Predictive Analytics To Support Long-Term Investment Decisions For Asset-Intensive Organizations
AspenTech Offers A Holistic View Into Plant Operations To Support Tactical Decision-Making
Brightly Strategic Asset Management Quickly Optimizes Operational And Capital Plans For Up To 100 Years
Copperleaf Provides Decision Analytics To Manage Risk And Optimize ESG And Financial Goals For Critical Infrastructure
Cosmo Tech Offers Highly Granular Digital Twin Simulation Capabilities For Strategic Investment Planning
Deighton Offers Strong Integrations And Scenario Modelling Capabilities For Roads And Highways
DIREXYON Combines Asset And Portfolio Optimizations To Improve Investment Plans For Aging Road And Water Infrastructure
EA Technology Offers A Risk-Based AIP Solution To Optimize Decisions For Power T&D Assets
Endevor Offers A Low-Code Platform To Solve Long-Term Asset Management Challenges For The Nuclear Industry
Hexagon Expands Its EAM Portfolio To Support Capital Project Decision-Making
IDS Offers Geospatially Enabled AIP Solutions For Infrastructure Firms
IFS Ultimo Supports Maintenance Teams Validating Long-Term Investment Decisions For Critical Assets
Infrastructure Solutions Offers A Highly Intuitive User Interface And Powerful Optimization Capabilities For Municipalities
Ovarro Models The Impact Of Environmental And Climate Changes To Support Future Investment Decisions For Water Utilities
Probit Consulting Leverages A Highly Configurable Risk Framework To Support Decision Analytics For Utility And Energy Firms

Table of figures

Figure 1. AIP Operational Framework
Figure 2. AIP Solutions Providers Regional Presence 
Figure 3. Product And Industry Focus Of AIP Solutions Providers
Figure 4. Accruent AIP Solutions Overview
Figure 5. Arcadis Gen AIP Solutions Overview
Figure 6. AspenTech AIP Solutions Overview
Figure 7. Brightly Software AIP Solutions Overview
Figure 8. Copperleaf AIP Solutions Overview
Figure 9. Cosmo Tech AIP Solutions Overview
Figure 10. Deighton AIP Solutions Overview
Figure 11. DIREXYON AIP Solutions Overview
Figure 12. EA Technology AIP Solutions Overview
Figure 13. Endevor AIP Solutions Overview
Figure 14. Hexagon AIP Solutions Overview
Figure 15. IDS AIP Solutions Overview
Figure 16. IFS Ultimo AIP Solutions Overview
Figure 17. Infrastructure Solutions (ISI) AIP Solutions Overview
Figure 18. Ovarro AIP Solutions Overview
Figure 19. Probit Consulting AIP Solutions Overview

Organisations mentioned

1898 & Co., Accenture, Accruent, AECOM, AES, Affinity Water, ALPHA Facilities Solutions, alva, Ameresco, Anglian Water, ARA, ARCADIS Gen, Arup, AspenTech, Assetic, AssetWorks, Atkins, Autobahn- und Schnellstraßen- Finanzierungs-AG (ASFiNAG), Avanade, AVEVA, AWS, Axians, Bay Area Rapid Transit, Becolve, Bentley Systems, Borealis, Bournemouth Water, BPD Zenith, Brightly Software (formerly Dude Solutions), Bristol Water, Burns & McDonnell, Cadent Gas, Caltrans, Capgemini, Cartegraph, CBRA, Cenosco, CERN, CGI, Chartered Institute of Management Accountants (CIMA), Chubu Electric Power, City and County of Denver, City of Ann Arbor (US), City of Bloomington, City of Calgary, City of Cape Town, City of Columbus Recreation and Parks Department, City of Greater Dandenong, City of Houston, City of Kelowna, City of Montreal, City of Regina, City of Tallahassee, City of Topeka, City of Vernon, Cityworks, Cognite, Colorado Department of Transportation (CDOT), Conectado Solutions, Confederation of Transportation Enterprises, Copperleaf, Corteva, Cosmo Tech, Cultivate Geospatial Solutions, Datawatt, Deighton, Deloitte, DIREXYON, District and City of North Vancouver, District of Columbia, DNV , Drücker, Duke Energy, Dunea Duin & Water, Dŵr Cymru Welsh Water, E.ON, EA Technology, EAMS Group, EEI Group, Electricity North West, Endeavour Energy, Endevor, Energex, ENGIE, Esri, Esri Canada, Facility Health Incorporated (FHI), Florida Highways, Fortive, Georgia Department of Transportation, Golder Associates, Gordian, Grey County, Groupe E, Gurobi, Hanson Professional Services, Hatch, Hertfordshire Country Council, Hexagon, Hitachi Energy, Hrvatska elektroprivreda (HEP), Hydro-Québec TransÉnergie et Équipement, IBI Group, IBM, Icon Water, ICS Consulting, ICT group, IFS, Infor EAM, Infrastructure Data Solutions (IDS), Infrastructure Decision Support, Infrastructure Solutions (ISI), inmation, Institute of Nuclear Power Operations (INPO), International Organization for Standardization (ISO), Iowa Department of Transportation, IPS Energy , Jacobs, JLL, Los Angeles Department of Water and Power, LSE, Mainnovation, MaxGrip, Melton City, Metropolitan Water District of Southern California, Microsoft, Mitsubishi Electric, MySQL, N1 (Evonet), National Grid, National Grid Electricity Distribution (formerly Western Power Distribution), National Grid Partners, National Highways, Network Rail, Nexans, Northern Powergrid, Northumbrian Water, Oak Lodge Water Services, Ofgem, Ofwat (UK Water Services Regulation Authority), Oracle, Ovarro, PMP, Port Authority of New York and New Jersey, Port of Vancouver, Powerco, PowerPlan, Pragma, Prevas, Probit Consulting, PwC, Qlik, Queensland Urban Utilities, Region of Flint Hills, Renault, Rijnland water authority, RoviSys, RTE, RWE, SABIC, SAP, SAS Institute, Schneider Electric, Scio Asset Management, Scottish Power, SEAMS, Severn Trent Water, Siemens, Snowflake, Sodexo, SolutionsPT, Sopra Steria, South West Water, Southern Water, Spatial DNA, Sydney Trains, Tableau, Task Force on Climate-related Financial Disclosures (TCFD), TenneT, Tetra Tech, Thames Water, Timmons Group, Toronto Metropolitan University, Toronto Stock Exchange (TSX), Town of Newmarket, Town of Saugeen Shores, TransLink, Trimble Utilities And Public Administration, TRL, TWPL (Woodhouse Partnership), Ultimo, UNC Health Southeastern, United Utilities, University of Massachusetts Amherst, US Environmental Protection Agency (EPA), US Federal Transit Administration (FTA), US National Oceanic and Atmospheric Administration, US Securities and Exchange Commission (SEC), Vancouver Fraser Port Authority, Vermont Agency of Transportation (VTrans), VFA Solutions, VicRoads (Australia), Waka Kotahi NZ Transport Agency, Wales & West Utilities, Waterschap De Dommel, Wessex Water, Wipro, WithersRavenel, Wonderware Italia, Wood Group Mustang, WSP, Yorkshire Water, ZPro Solutions, Zutari

About the authors

Kiran Darmasseelane

Senior Analyst

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

Fouad Elias

Fouad is an Analyst in the Verdantix Operational Excellence practice. His current research agenda focusses on APM solutions and technologies for sustainable industrial operations. Prior to joining Verdantix, Fouad worked at Procter&Gamble in the Product Supply Division, where he gained experience in the technical specification creation process. Fouad holds an MSc in Biomedical Engineering from Imperial College London & a BEng in Mechanical Engineering from City University of London. 

Malavika Tohani

Research Director

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.

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