{"id":14872,"date":"2020-10-27T14:40:29","date_gmt":"2020-10-27T10:40:29","guid":{"rendered":"https:\/\/techxmedia.com\/?p=14872"},"modified":"2025-04-16T16:18:23","modified_gmt":"2025-04-16T12:18:23","slug":"aveva-recognized-with-frost-radar-2020-best-practices-award-in-apm-market","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/aveva-recognized-with-frost-radar-2020-best-practices-award-in-apm-market\/","title":{"rendered":"AVEVA recognized with Frost Radar 2020 Best Practices Award in APM market"},"content":{"rendered":"\n

AVEVA<\/a> announced it had been recognized with this year\u2019s Frost Radar TM Best Practices Award for growth, innovation, and leadership excellence in the asset performance management (APM) market.<\/p>\n\n\n\n

The Frost Radar is a dynamic tracking tool that offers the frequent rating and positioning of companies that are leading the industry in growth and innovation. The Growth Innovation Leadership (GIL) Best PracticesAward is bestowed on companies that consolidate or grow their leadership position by continuously innovating and creating new products and solutions that serve the evolving needs of the customer base.<\/p>\n\n\n\n

AVEVA was recognized with the 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\u2019s APM 4.0 framework (connecting engineering, operations, and performance) 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.<\/p>\n\n\n\n

AVEVA\u2019s artificial intelligence <\/a>(AI) and machine learning<\/a>(ML) capabilities (e.g., predictive and prescriptive maintenance) are cited as well, which have helped many customers increase equipment reliability and operational performance.<\/p>\n\n\n\n

Ram Ramasamy, Global Client Leader at Frost & Sullivan:\u201cThe APM market is evolving from a linear value chain to a circular digital-thread-centric value chain. AVEVA\u2019s APM 4.0 framework, which connects engineering, operations, and performance, aligns with this transformation. AVEVA\u2019s 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.\u201d<\/p>\n\n\n\n

\u201cThis award is testament to AVEVA\u2019s strong position in the APM market, particularly given the in-depth and robust nature of this report,\u201d said Kim Custeau, APM Business Lead at AVEVA. \u201cFrost & Sullivan\u2019s 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.\u201d<\/p>\n\n\n\n

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Further details of the Frost RadarTM<\/sup> reports can be viewed here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

AVEVA\u2019s artificial intelligence (AI) and machine learning (ML) capabilities (e.g., predictive and prescriptive maintenance) are cited as well, which have helped many customers increase equipment reliability and operational performance.<\/p>\n","protected":false},"author":8,"featured_media":14874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[9716],"tags":[71,4638,1608,4640,4639,4641,2324,4642],"contributor":[],"class_list":["post-14872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-brands","tag-ai","tag-apm-market","tag-aveva","tag-best-practices-award","tag-frost-radar","tag-gil","tag-machine-learning","tag-sullivans-recognition"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2020\/10\/APM-market-AVEVA-Frost-Radar-Best-Practices-Award-TECHx.jpg","author_info":{"display_name":"Rabab","author_link":"https:\/\/techxmedia.com\/en\/author\/rabab\/"},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t