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Asset-intensive companies are struggling with aging infrastructure, an aging workforce, skills gaps and a lack of asset performance visibility. They need to balance asset cost, performance, and risk. With assets aging, these operators are facing a workforce exodus. In some industries, up to 40 percent may retire in the next five years. Knowledge retention about asset condition, basic maintenance tasks and risks are a constant challenge.

 Smart companies are thinking differently. They are exploring new methods and tools that help minimise costs, optimise performance as well as tools to help avoid asset-related risks. However, the APM deployment in the market is fragmented by geography, industry and focus of specialisation by asset class and capability, with increasing vendor choices.  

This research focuses on the needs of companies in asset-intensive industries particularly utilities, manufacturing, oil and gas, natural resources, telcos, and transportation (excluding aviation).

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Vendor:

IBM

Posted:

Apr 27, 2022

Published:

Apr 27, 2022

Format:

HTML

Type:

Analyst Report