Smart Innovators: Asset Investment Planning Software

Published 3 May 2022 by Kiran Darmasseelane & Malavika Tohani &
Asset Investment Planning Asset Performance Management Software Enterprise Risk Management Operational Excellence Operational Excellence Programme Smart Innovators

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Executive Summary

Understanding how to leverage technology to better manage asset investment is a challenge that has become increasingly important, due to ongoing COVID-19 restrictions, bullish net zero emissions targets and aggressive sustainable development goals. To help customers navigate the current volatility in the market, Verdantix has evaluated the capabilities of 17 asset investment planning (AIP) solutions providers. With ongoing questions of how to identify an appropriate area of spending becoming increasingly complex, and trade-offs being made between maintaining, upgrading and closing operational infrastructure, C-suite executives (CxOs) and operations managers should consider the solutions discussed in this report to support long-term capital expenditure (CAPEX) decision-making.

Table of contents

Smart Innovators: Asset Investment Planning Software 
Industrial Firms’ Capital Investment Planning Is Increasingly Challenged By A Range Of Industry Trends

Introducing The AIP Software Market 
AIP Software Enhances Complex Longer-Term Tactical And Strategic Decisions 
The AIP Software Landscape Comprises Vendors From Three Different Backgrounds 
AIP Software Has Eight Core Capabilities 

AIP Software Market Presents Strong Opportunities For Vendors And Customers 
Vendors Should Take Advantage Of Industry Expertise, Partnerships And Technological Advances To Align Growth With Market Development 
Buyers Should Consider A Number of Factors Before Implementing AIP Software

Table of figures

Figure 1. The Industrial Asset Management Landscape 
Figure 2. Industry Coverage for Asset Investment Planning Software Providers 
Figure 3. Capabilities Criteria For AIP Software 
Figure 4. Asset Investment Planning Software:  Vendor Capabilities

Organisations mentioned

1898 & Co, ABB, AECOM, ARCADIS Gen, AspenTech, Assetic, Atkins, Australian Energy Regulator, BP, BPD Zenith, Brightly Software, Burns & McDonnell, CIGRE, City of Montreal, Cityworks, Copperleaf, Cosmo Tech, Deighton, DIREXYON, EA Technology, EAMS Group, Endeavour Energy, Endevor, Facility Health, Golder, Gurobi, Hatch, Hexagon, IBM, Icon Water, ICS Consulting, Infrastructure Solutions, International Organization for Standardization (ISO), Microsoft, National Grid, Ofgem, Oracle, Ovarro, PowerPlan, Pragma, Probit Consulting, Rosneft, SAP, Siemens, SimulAi, Tableau, The AnyLogic Company, Ultimo, US Environmental Protection Agency (EPA), US Securities and Exchange Commission (SEC), West Sussex County Council, WSP

About the authors

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.

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.

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