AVEVA today announced it had been recognized with this year’s Frost Radar Best Practices Award for growth, innovation, and leadership excellence in the asset performance management (APM) market.
AVEVA was recognized with the GIL award for its strong digital and innovative initiatives and features included in its APM 4.0 framework, including AVEVA Insight, a cloud offering that provides end-users with actionable insights from anywhere, anytime, and any device. AVEVA’s APM 4.0 framework (connecting engineering, operations, and performance) enables customers to predict unplanned failures and balances four key value drivers, such as asset performance, safety and compliance, cost control, and resource management, to drive the greatest monetary and business value for customers.
AVEVA’s artificial intelligence (AI) and machine learning (ML) capabilities (e.g., predictive and prescriptive maintenance) are cited as well, which have helped many customers increase equipment reliability and operational performance.
“This award is testament to AVEVA’s strong position in the APM market, particularly given the in-depth and robust nature of this report,” said Kim Custeau, APM Business Lead at AVEVA. “Frost & Sullivan’s recognition of our APM offering and value delivered to customers this year is a great accomplishment for AVEVA. In a challenging global environment, AVEVA is committed to helping organizations accelerate their digital transformation journey, by helping them manage risk and reduce OPEX.”
