BOULDER, Colo.--(BUSINESS WIRE)--A new Leaderboard report from Navigant Research examines the strategy and execution of 10 leading vendors of asset performance management solutions, providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses.
To gain more information and control over their enterprises, some utilities are turning to an emerging field of technologies and strategies, known as APM, that aim to improve and optimize asset management by centralizing asset information in a way that it can be usefully analyzed. APM builds a bridge between software and other relevant sources of asset data to provide insight on ways to cut costs and improve the safety and reliability of the power grid. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, ABB and IBM are the leading vendors of APM solutions in terms of strategy and execution.
“APM technologies are rapidly taking shape as vendors work to aggressively address the market and offer a more streamlined approach for utilities to pursue continuous improvement,” says Lauren Callaway, research analyst with Navigant Research. “The leading players in this field have worked to address challenges such as interoperability of multiple enterprise systems and usability while displaying a relatively strong track record for integration of their commercial product.”
While many utilities are interested in evolving their approach and tools for APM, few pilots have been implemented and even fewer projects have gone into full production, according to the report. This leaves many vendors with a strong market vision and an eagerness for opportunities to prove the success and return on investment (ROI) of their solutions in the field.
The report, Navigant Research Leaderboard Report: Asset Performance Management, examines the strategy and execution of 10 leading APM vendors offering IT and analytics solutions. The vendors are rated on 11 criteria: vision; go-to-market strategy; partners; production development strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global APM market. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Navigant Research Leaderboard Report: Asset Performance Management, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.