AVEVA, a global leader in engineering and industrial software, has been recognized with this year’s Frost RadarTM Best Practices Award for growth, innovation, and leadership excellence in the asset performance management (APM) market.

The company was recognized with the Growth innovation Leadership (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 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.

“The APM market is evolving from a linear value chain to a circular digital-thread-centric value chain. AVEVA’s APM 4.0 framework, which connects engineering, operations, and performance, aligns with this transformation. AVEVA’s APM 4.0 balances four key value drivers, namely asset performance, safety and compliance, cost control, and resource management, in a business context to drive the greatest monetary and business value for customers,” said Ram Ramasamy, Global Client Leader, Frost & Sullivan.

In this backdrop commented Kim Custeau, APM Business Lead, AVEVA, “This award is testament to AVEVA’s strong position in the APM market, particularly given the in-depth and robust nature of this report. 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.”

For more information: www.aveva.com