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Frost & Sullivan ‘Best Practices Award for Growth, Innovation, and Leadership’ goes to…

26 October 2020

AVEVA has been recognised with this year’s Frost Radar Best Practices Award for growth, innovation, and leadership excellence in the asset performance management (APM) market.

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 Practices Award is bestowed on companies that consolidate or grow their leadership position by innovating and creating new products and solutions that serve the evolving needs of the customer base. 
 
AVEVA was recognised 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’s 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. 
 
AVEVA’s artificial intelligence (AI) and machine learning (ML) capabilities were also cited. Ram Ramasamy, global client leader at Frost & Sullivan, said: “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.”


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