Smart Innovators: Maintenance Analytics For Heavy Asset Industries
Sebastian Winter
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Executive Summary
The effectiveness of maintenance activities underpins the performance of industrial operations. If maintenance is not performed, assets break and production ceases, while if maintenance is performed too often, costs mount and the bottom line suffers. This report details the solutions on the market that provide insights into the effectiveness of maintenance programmes, and the means to improve them, using data from assets and work orders. Fourteen vendors participated in our research, providing demos and briefings. This report details their offerings, the varying approaches they are taking to solving customer challenges, and the innovations and methods now being deployed. It concludes with a view on the future direction of the market. Evolution in the market is being driven by macro-factors such as the global COVID-19 pandemic and generation shifts, as well as a convergence of technologies changing the way people interact with software solutions.Demand For Asset And Maintenance Work Insights Buoys The Analytics Market
Industrial Firms Increase Spend On Analytics To Optimize Maintenance Activities
Firms Are Moving From Reactive To Proactive Maintenance Strategies
Introducing the Asset Maintenance Analytics Software Market
Maintenance Analytics Needs Of Customers Vary, Based On User
Different Analytics Providers Offer Varying Levels Of Sophistication And Customization
Maintenance Analytics Deliver A Range Of Insights
Future Direction Of Maintenance Analytics Market
Global Macro-Trends Drive Innovation In The Maintenance Analytics Software Market
Maintenance Analytics Providers Adjust Offerings To Fulfil Customer Needs
Firms Planning To Deploy Maintenance Analytics Need To Follow Five Steps For Success
Figure 2. Maintenance Analytics Sophistication And Customization
Figure 3. Depth Of Analytics Assessment Of Maintenance Analytics Software Providers
Figure 4. Data Management Functionality Assessment Of Maintenance Analytics Software Providers
Figure 5. Analytics Customization Assessment Of Maintenance Analytics Software Providers
Figure 6. Use Case Coverage For Maintenance Analytics Software Providers
About the Authors
Sebastian Winter
Industry Analyst
Sebastian is an Industry Analyst in the Verdantix Operational Excellence practice. His research agenda covers digital twins for industrial facilities, asset management softwar...
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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