AVEVA Launches Visual APM Strategy To Drive Digital Transformation

Executive Summary

This report forms one in a series covering the asset performance management (APM) software market, which is entering a new phase of growth and innovation. UK-headquartered AVEVA was founded in 1967 and merged with Schneider Electric’s industrial software business in March 2018. This merger created one of the largest providers of software to asset-intensive industries. AVEVA notched up £704 million of revenue in 2018 and boasts 4,400 employees. AVEVA offers one of the most comprehensive APM software platforms with functionality for asset health monitoring, predictive maintenance, prescriptive maintenance and safe control of work. The firm has the vision and financial resources to drive forward its visual APM strategy which applies digital twin simulations and models to APM use cases. Verdantix recommends that operations leaders at industrial firms with an Industry 4.0 strategy who are seeking big improvements in asset reliability should test out AVEVA’s visual APM offering to understand the potential for operational improvements.