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Asset performance management (APM) – strategies for success
Leading independent research and advisory firm, Verdantix, has named Wood a leader in digital for its asset management technology implementation services.
A shortlist of 10 companies were evaluated in Verdantix’s 2024 Green Quadrant report, with Wood awarded the highest overall scores for its innovative approach to asset management technology in the energy sector.
This accolade was driven by the proven tangible benefits Wood’s digital asset health solution has delivered for clients, including:
- A 25% reduction in maintenance costs for a client by using AI-driven predictive maintenance improvements
- Eliminating 500 offshore visits for a client by deploying an asset digital twin on five offshore facilities
- Advanced net-zero transition plans backed by ESG reporting credentials
Azad Hessamodini, Executive President of Consulting at Wood, said: “This is great, independent peer recognition of Wood’s market-leading digital solutions and our ability to implement them.
“We believe good health is an asset; our specialist digital consultancy services and solutions use operational technology and data to optimise asset performance and efficiencies, reducing downtime for our clients across energy and materials markets.”
Adding to this, Hugo Fuller, Industry Analyst at Verdantix, commented, "As industrial organisations increasingly prioritise both decarbonisation and operational efficiency, investment in implementation services is on the rise. Despite economic uncertainties, budgets remain robust, reflecting industrial firms' recognition of the vital role digital solutions play in maintaining competitiveness. Demonstrating an innovation-led approach and deep expertise, Wood stands out for its market-leading coverage of the supporting technology implementations. Wood was also the only Green Quadrant respondent to provide a robust implementation record for energy management software reflecting its focus on sustainability.”
Wood has over two decades of experience as an industry-leading digital systems integrator. In the last 12 months, Wood executed over 1,500 asset management technology implementation projects.
Verdantix Green Quadrant Report
Valuable insights for operations executives at industrial organisations seeking to select the best-fit provider for IAM tech implementation services for their business.
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