- Who are the Leaders in the utility asset performance management (APM) space?
- What is APM and why is it so important?
- What are the main differentiators for APM technologies?
- How are different vendors approaching the APM market?
Utilities have operated in a static business environment for years. Today, they face a number of regulatory and revenue challenges that result in a singular need: to do more with less. Utilities are struggling with the integration of customer-owned generating resources and regulatory challenges in terms of reliability and justifying rate cases—even as they work to digitize their power networks. As such, they need more information and control over their enterprises than ever before. Improving asset management is a key way in which utilities can address these challenges. Asset performance management (APM) is an emerging field of technologies and strategies that aims 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 such as enterprise asset management systems, workforce management systems, and other relevant sources of data that pertain to assets. Upon consolidating this information, analytics can translate data into meaningful insights that cut costs and improve the safety and reliability of the power grid. Whether it be improving the operating efficiency of the workforce through more intentional management and planning or implementing predictive analytics around asset failure and grid malfunctions, APM technologies offer a more streamlined approach for utilities to pursue continuous improvements.
This Navigant Research Leaderboard Report 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.
3. Schneider Electric
5. General Electric
6. C3 IoT
7. Space-Time Insight
1. Executive Summary
1.1 Market Introduction
1.2 Utilities Asset Performance Management Leaderboard Criteria
1.3 The Navigant Research Leaderboard Grid
2. Market Overview
2.1 APM Definition
2.2 Asset Management Challenges for Utilities
2.3 Why APM Can Help Utilities
2.4 Challenges and Barriers for APM
2.5 What Can Vendors Do?
3. The Navigant Research Leaderboard
3.1 The Navigant Research Leaderboard Categories
3.2 The Navigant Research Leaderboard Grid
4. Company Rankings
4.2.1 Schneider Electric
4.2.4 C3 IoT
4.2.5 Space-Time Insight
5. Acronym and Abbreviation List 6. Table of Contents 7. Table of Charts and Figures 8. Scope of Study, Sources and Methodology, Notes
6. Table of Contents
7. Table of Charts and Figures
8. Scope of Study, Sources and Methodology, Notes
8.1 Scope of Study
8.2 Sources and Methodology
8.2.1 Vendor Selection
8.2.2 Ratings Scale
22.214.171.124 Score Calculations
8.2.3 Criteria Definitions