Organization Size Dictates Digital Maturity Level For Industrial Asset Management

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Executive Summary

This report provides technology strategists and managers responsible for operational excellence with an understanding of the industry’s progress in implementing digital solutions for asset reliability and integrity management. In 2021 Verdantix found that the digital maturity of an industrial firms’ asset management solutions varied with organization size. A deep dive into the data showed that large enterprises across all industries are dictating the direction of the market with the majority having already implemented predictive maintenance or digital twin solutions. On the other hand mid-market firms have mostly established some level of instrumentation to collect data from their assets or implemented CMMS and EAM. In this report Verdantix breaks down the data based on the type of digital solution implemented and how this varies with organization revenue size. To further support operational excellence stakeholders, Verdantix has recommended strategies that can be implemented to enhance industrial facilities’ level of digital maturity for asset management.
Digital Maturity Of Industrial Facilities Varies With Revenue Size 
Firms Are Transitioning From Reactive To Proactive Strategies For Asset Maintenance And Performance
Large Enterprises Lead In Terms Of Digital Maturity For Industrial Asset Management 
Industrial Firms Should Consider The Following Strategies To Enhance Their Level Of Digital Maturity For Asset Management 
Figure 1. Level Of Digital Maturity For Asset Management  
Figure 2. Level Of Digital Maturity For Asset Management—Mid-Market Firms (Revenue: $250m to $1bn)  
Figure 3. Level Of Digital Maturity For Asset Management—Core Enterprises (Revenue: $1bn to $10bn)  
Figure 4. Level Of Digital Maturity For Asset Management—Large Enterprises (Revenue: More Than $10bn)  

About the Authors

Kiran Darmasseelane

Kiran Darmasseelane

Principal Analyst

Kiran is a Principal Analyst at Verdantix, delivering data-driven insights on emerging technologies and global market trends for asset-intensive sectors such as energy, manufa…

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Malavika Tohani

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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