Ideagen recognized as a leader in enterprise asset management software by independent research firm
Oct 23, 24
Global software solutions company Ideagen has been recognized as a market leader in the recent Verdantix Green Quadrant: Enterprise Asset Management (EAM) Software 2024 report.
Ideagen is among the top 10 companies identified by independent research and advisory firm, Verdantix, as leading the charge in EAM innovation, broadening solutions into areas such as asset performance management, asset lifecycle management and operational risk mitigation.
The inclusion in this report represents Ideagen's commitment to empowering businesses with robust EAM solutions, as Ben Dorks, CEO of Ideagen, explains:
"We are proud to be recognized as a market leader by Verdantix. It reflects the dedication and hard work of our team and our commitment to providing innovative and reliable solutions. Our goal is to empower organizations with tools that not only meet their current needs, but also anticipate future challenges."
The Verdantix Green Quadrant: Enterprise Asset Management (EAM) Software 2024 report gives operations, maintenance and IT executives invaluable insights for navigating this dynamic software market and selecting the best-fit providers.
Ideagen was reported to be strong in operational risk management with the second-highest score of 2.5 out of 3.0.
The report stated: "For hazardous material management, Ideagen excels, incorporating chemical inventory analysis and reporting, chemical spill management, and compliance reporting,"
The robustness of vulnerability testing was also highlighted:
"Ideagen scored 2.7/3.0 for security. The firm reported the highest uptime service-level agreement (SLA) of 99.9% and is ISO/IEC 27001 certified. Internal vulnerability assessments are completed weekly leveraging third-party tools."
Report authors also called out "a novel combination of quality, safety, risk and asset management capabilities" recognizing the fact it modular design lets users expand functionalities as needed:
"Ideagen has invested significantly to harmonize the different areas of the solution to ensure users have a smooth experience, with all modules constructed in a no-code platform to ease configuration."
This acknowledgement of being a market leader by Verdantix comes as companies worldwide accelerate digital transformation initiatives, pushing global spending on EAM software to an estimated $6.4 billion by 2028.
Hugo Fuller, Senior Analyst at Verdantix said: "Generative AI is poised to transform the EAM software landscape, offering new opportunities for predictive analytics and operational efficiency. With industrial organizations facing pressure to reduce carbon footprints and navigate skilled labour shortages, EAM solutions are essential to achieving success,”
For a full copy of the Green Quadrant: Enterprise Asset Management Software 2024 report visit the Verdantix website.
To see how companies have benefitted from Ideagen's asset management software, hear from Duke Energy about how they maximised safety and reliability with Ideagen