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IFS NAMED THE ‘CHALLENGER’ IN GARTNER’S MAGIC QUADRANT FOR ENERGY & UTILTIES ENTERPRISE ASSET MANAGEMENT SOFTWARE

According to Gartner, “Energy and utility companies evaluate and procure enterprise asset management (EAM) products to address physical asset care requirements — that is, these products provide maintenance support for fixed plants (such as power generation plants, water plants, refineries and offshore rigs), for linear distributed assets (such as power lines and pipelines), and/or for fleet assets (such as service equipment, transformers, pumping stations and wind generator towers).”

They also validate that, “For energy and utility companies with complex fixed-plant requirements, the functionality provided must be capable of managing hierarchical plant structures; preventive maintenance; outage/ shutdown planning for refurbishments; increasingly, a "fleet" capability not just for vehicles but also for fleets of assets, such as an oilfield or a wind farm; and the tracking and managing of operational technology (OT) devices and systems. This is reflected in the requirements listed here, which will be satisfied by the best-in-class software products in the EAM software category.”

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