9905-752ABB was named a leader in the 2024 Verdantix Green Quadrant’s Asset Performance Management (APM) Solutions report, which evaluates software vendors across 18 competency areas and nine strategic success factors.
Verdantix included ABB in its Leaders Quadrant, recognizing the advanced capabilities and strategic advantages offered by its solutions. ABB was also recognized for its interoperability, expertise and ability to integrate third-party systems.
ABB’s rise from challenger status to industry leader is also attributed to its success in combining first-principles models with advanced AI capabilities to enhance asset health and failure prediction. ABB is also investing heavily in several innovative projects that are under development, For example, in automation and artificial intelligence to create dynamic Failure Modes, Effects and Criticality Analysis (Failure Modes, Effects and Criticality Analysis, FMECA), the Digital Twin extension, and the Genix APM Copilot based on generative artificial intelligence.
These advances will accelerate the deployment of asset maintenance managem9905-752ent software, reduce the time to deliver value, improve the user experience, provide richer situational support, and support safer and more sustainable operations.
The Verdantix report [1] highlighted ABB’s “market-leading platform development capabilities and robust data management support”, giving the Genix APM platform and suite the highest possible score of 3.0 for the development environment.
Stacey Jones, APM portfolio Manager at ABB Energy Industries, said:
“With multiple pressures facing asset-intensive industries, the evolution towards predictive maintenance solutions is the general trend, and Verdantix sees this as the strongest growth area until 2030. ABB’s modular APM approach allows us to meet the needs of our customers, regardless of their level of asset management, because we are able to scale our capabilities over time. This recognition by Verdantix is a testament to our ongoing efforts to provide leading APM solutions that optimize asset performance and operational efficiency, supporting our customers on thei9905-752r journey towards digital transformation, energy management and sustainability.”
Verdantix also recognized ABB’s strong asset health workflow, which provides above-market asset health management, including comprehensive tracking of asset health and performance, predicting failures and providing recommendations for equipment operations and maintenance. In addition to this, ABB has excelled in leveraging pre-built libraries and AI-based analytics capabilities to provide deep insights into asset health.
