IDC MarketScape Recognizes AVEVA’s Leadership for Commitment to Digital Innovation
London, UK, 26th January 2021: AVEVA, a global leader in engineering and industrial software, has today been announced as a leader in three IDC Asset Performance Management (APM) MarketScape Reports - Manufacturing, Mining, and Oil & Gas - and recognized as a major player in Utilities Asset Performance. AVEVA's comprehensive Asset Performance Management software portfolio is designed to overcome today’s industrial challenges by leveraging industrial big data, Cloud, artificial intelligence, digital twin, and augmented reality, offering improved analytics designed to eliminate inefficiencies, optimize operations, and improve profitability.
Recognized by the IDC MarketScape for technology innovations in mining, manufacturing, utilities and oil & gas, AVEVA’s APM portfolio delivers proactive and predictive asset performance insights, operational insights, and reporting, and is helping global businesses, including ENEL, to eliminate inefficiencies and improve profitability.
Kim Custeau, Vice President APM Business at AVEVA, commented: “AVEVA is continuing to set the benchmark in transformational software solutions designed for the industrial sector, paving the way for digital transformation, and enabling businesses to leverage technology to deliver the benefits of increased efficiency and collaboration. It is a major achievement for us to be recognized by the IDC MarketScape in multiple sectors and with a history of driving technology leadership, particularly during this challenging macro-economic environment, our Asset Performance Management capabilities are empowering customers to make informed decisions that improve business outcomes, while also reducing downtime and maintenance costs.”
Kevin Prouty, IDC’s Group VP for Manufacturing and Energy Insights, added: “Our assessment tool gives an overview of an incredibly competitive market, so It is great to see companies like AVEVA named as leaders in our IDC APM MarketScape across multiple industries. IDC is looking forward to seeing what the future will bring for vendors who continue to deliver digital solutions across the board in 2021.”
AVEVA offers APM services and solutions including predictive and prescriptive analytics, connected worker applications and a variety of maintenance optimization and execution tools. This gives customers the ability to look ahead to prevent costly failures, reduce unplanned downtime, and optimize risk to meet business objectives. By adopting AVEVA APM solutions such as predictive maintenance (PdM) strategies, AVEVA’s customers can realize the benefits of a 25% increase in workforce efficiency and 30% reduction in maintenance costs.
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
AVEVA is a global leader in engineering and industrial software driving digital transformation across the entire asset and operations life cycle of capital-intensive industries. The company’s engineering, planning and operations, asset performance, and monitoring and control solutions deliver proven results to over 16,000 customers across the globe. Its customers are supported by the largest industrial software ecosystem, including 4,200 partners and 5,700 certified developers. AVEVA is headquartered in Cambridge, UK, with over 4,400 employees at 80 locations in over 40 countries. For more details visit: www.aveva.com
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