This IDC Energy Insights report presents 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 the said market or market segment and provide a measure of their ascendancy to become a leader or maintain a leadership. More importantly, this IDC MarketScape helps the 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 any electric, gas, and water utility. Over the years, there has been an evolution in the best approaches to asset management, enlarging the scope from pure maintenance to managing the assets, including their economic value, across their entire lifecycle. Enterprise Asset Management is becoming a strategic planning tool for asset investments. Energy and water delivery utilities planning to invest in an EAM application should consider this report to get a first independent assessment of software providers," said Roberta Bigliani, associate vice president — Head of Europe Middle East Africa, IDC Energy Insights. "Nevertheless, company-specific business needs or the local market context need to be taken into account. Utilities' individual decisions must be taken in the context of their specific organizational and process maturity, and in consideration of the 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 Customer Experience Strategies