Product Benchmark: Asset Reliability And Integrity Management Capabilities Of APM Software (2024)

Executive Summary

This report draws on, and contains an extract from, the Verdantix analysis originally published in the 2024 Green Quadrant for asset performance management (APM) solutions (see Verdantix Green Quadrant: Asset Performance Management Solutions 2024). In this benchmark report, we present an analysis of the asset reliability and integrity management functionality delivered by 20 APM software vendors against 22 assessment criteria, to help operations and maintenance managers and executives find the best-fit asset reliability and integrity management solution for their purposes. Buyers seeking comprehensive asset reliability and integrity management functionality from APM software should review offerings from GE Vernova, Cenosco, AVEVA, IBM, C3 AI and ABB, which achieved the highest scores in this benchmark. They should also evaluate offerings from providers such as Bentley Systems and Wood that excel in integrity management; and Baker Hughes, Hexagon and Hitachi Energy, which are strong in reliability analysis. When shortlisting vendors, buyers should consider software providers that offer quick-to-build reliability model functionality, streamlined mobile applications to support operator rounds and inspections, and advanced visualizations and computer vision for integrity management.