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Modern Asset Management Critical in Heavy Industries

Modern Asset Management Critical in Heavy Industries

Market Study
Published: April 2014
Pages: For full details, please email keithw@cmsinfo.com
Research from: Ovum (was Informa Telecoms and Media)
Sector: Information & Communications Technology

From: GBP 1419.00
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Companies in old-line industries such as oil and gas and utilities are saddled with expensive assets with decades-long lifecycles that cost more to maintain as they grow older. Success - even survival - requires such companies to embrace asset management tools that can capture, organize, and analyze data to root out waste and optimize asset performance, efficiency, and return on investment.

Highlights

Ovum research documents adoption rates of asset and performance management technologies and highlights a lifecycle approach that promises significant additional benefits. The study also measures the benefits that customers have achieved across multiple technology- and business-related factors.
Features Benefits

Analyzes benefits and satisfaction levels across seven categories of asset- and performance-related information management applications.
Identifies demand drivers and inhibitors across these application categories, as well as planned investment among survey respondents.
Questions Answers

Why are current asset management methods inadequate for the challenges facing the utilities and oil and gas industries?
What benefits are customers gaining by adopting leading-edge approaches such as asset lifecycle information management (ALIM)?

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