New IDC MarketScape Evaluates Worldwide Enterprise Asset Management Software Providers For Power Generation
MILAN--(BUSINESS WIRE)--IDC Energy Insights has released a new IDC MarketScape study that provides power generation companies managing any type of generation plant (including fossil, nuclear, water, wind, and solar) with insight into the current capabilities and future strategies of enterprise asset management (EAM) vendors and guidance on how to approach planning for a new EAM implementation. IDC MarketScape: Worldwide Enterprise Asset Management Software for Power Generation, 2014 Vendor Assessment (Doc #EIOS05W) evaluates nine vendors: IBM; IFS; Infor; Mainsaver; Oracle; Ramco Systems; SAP; Schneider Electric; and Ventyx, an ABB company.
Concerning current market offerings, IDC Energy Insights found the following:
- Vendors are systematically enriching their product features and functionalities. Many of them have very broad capabilities and future visions that meet and anticipate the needs of the utility industry.
- With their solutions, EAM vendors handle all types of power generation plants. Few of them, however, are really capable of supporting the complexities of nuclear power plants.
- The majority of solutions incorporate compatible unit (CU) capabilities. A CU is a template that defines labor, materials, services, and tool resources required to perform work.
- Some vendors have aligned their applications to guidelines and good practices defined by PAS-55, or with emerging ISO 55000 standards.
- Some EAM solutions have embedded a mobility component for field work. The majority integrate with their own mobile field force management (MFFM) solution, but integration with third-party MFFM is also supported.
- Business analytics and insight are made available via embedded dashboards, and in many cases via integration with business intelligence solutions.
- Some of the vendors evaluated in this IDC MarketScape need to improve and modernize their user interface. These companies are addressing the issue with dedicated investments.
- Customer satisfaction with regard to pricing, contractual conditions, and ongoing support needs to be more carefully managed by some vendors.
- Even if power generation companies still seem to prefer on-premises installations, the cloud option is becoming more available oin the market. Some players are even exclusively offering cloud as a possible delivery model.
"Enterprise asset management applications for power generation have matured, with more attention on assessing asset health, predicting asset failure, and developing tailored maintenance approaches. In essence, EAM is becoming a strategic planning tool for asset investments," said Roberta Bigliani, Associate Vice President and head of Europe, Middle East, and Africa, IDC Energy Insights. "Power generation companies should look for solutions that are effective in handling both individual plants and fleets and that are capable of economically managing any type of power generation plant. Look for solutions that provide real-time visibility into plant-floor operations and powerful analytics for predictive maintenance."
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About IDC MarketScape
The IDC MarketScape vendor analysis 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.
About IDC Energy Insights
IDC Energy Insights assists energy businesses and IT leaders, as well as the suppliers that serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the utility and oil and gas industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-ei.com, email firstname.lastname@example.org, or call 508-935-4400.
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