This IDC Energy Insights study is based on a vendor assessment model called the IDC MarketScape. This study is a quantitative and qualitative assessment of the characteristics that assess a vendor's current and future success in a market or market segment and provide a measure of their ability to become a leader or to maintain a leadership. More importantly, this IDC MarketScape helps buyers of enterprise asset management (EAM) applications evaluate which vendors in this space will be a close fit to their needs.
"Enterprise asset management [EAM] applications are core to power generation. Over the years, more attention has been given to assess asset health, predict asset failure, and develop tailored maintenance approaches. Additionally, the focus on EAM has widened from pure maintenance to management of assets, including their economic value, across their entire life cycle. In essence, EAM is becoming a strategic planning tool for asset investments. Power generation companies planning to invest in an enterprise asset management application should consider this study to get a first independent assessment of software providers," said Roberta Bigliani, associate vice president and head of Europe, the Middle East, and Africa, IDC Energy Insights. "Nevertheless, company-specific business needs, or local market context needs, should be taken into account. Power generation companies' individual decisions must be taken in the context of their specific organizational and process maturity, and in consideration of their IT enterprise architecture and application strategy."
IDC Energy Insights: European Utility IT and Operational Technologies Strategies , IDC Energy Insights: Worldwide Smart Utilities Operations Strategies , IDC Energy Insights: Worldwide Utilities Smart Customer Operations