Independent study confirms the power of ABB’s integration of information technology (IT) and operational technology (OT)
Navigant’s inaugural APM (Asset Performance Management) Leaderboard Report for utilities gives ABB best score of top 10 global vendors
One clear example of how ideally positioned ABB is in today‘s digital space is our industry-leading solutions for asset performance management (APM). ABB‘s Asset Health Center is a perfect example of digital technology that closes the loop with connected devices, transforming real-time sensing and monitoring data from field equipment into actionable intelligence that helps customers manage operational and maintenance costs in a predictive manner, minimize risk and improve the reliability of critical assets in order to avoid downtime for end-customers.
Prominent industry research firm Navigant Research recently released the first-ever Leaderboard Report for APM, ranking ABB with the highest overall score among the top 10 global vendors of APM solutions for utilities. The report assesses vendors on diverse criteria related to their execution and strategy for APM solutions – vision; go-to-market strategy; partners; production development strategy; technology; geographic reach; sales, marketing, and distribution; product performance; product quality and reliability; product portfolio; and staying power. ABB received the top score and was one of only two vendors to receive a “Leaders” ranking, which recognizes long-term investments in APM technologies, addressing challenges such as interoperability of multiple enterprise systems and usability, and strong track records for integration.
ABB’s strong track record of delivering APM solutions for utilities goes back several years. Ellipse Enterprise Asset Management has been available in the field for more than 30 years, and in 2012, ABB announced the selection of Asset Health Center by American Electric Power (AEP) to help the utility proactively manage assets underpinning its transmission network supplying electricity to 5 million citizens in the US. Since then, AEP has used the solution to put its condition-based maintenance strategies in action, as this video testimonial clearly demonstrates.
As Navigant’s recent press release on the report states, “The leading players in this field have worked to address challenges such as interoperability of multiple enterprise systems and usability while displaying a relatively strong track record for integration of their commercial product.”
We are pleased that Navigant Research has recognized ABB’s years of investment in APM solutions like Asset Health Center, as well as our Connected Asset Lifecycle Management strategy that integrates processes and tools to manage the full lifecycle of an asset. As part of our ABB Next Level strategy, our integrated power products and software tools will continue to deliver an end-to-end APM solution for utilities to help strengthen their infrastructure, anticipate grid issues and keep the power on for their customers.