Even if it hasn’t always been the coolest kid on the block, asset management is the backbone of reliability for the asset-intensive utility industry. And the Holy Grail of asset management is real-time, predictive monitoring and management of the grid’s increasingly dispersed infrastructure. Smart technologies, along with real-time data and analysis, give utilities an opportunity to head in the right direction. But will utilities be able to unlock the power of these new-found resources to truly transform their asset management efforts?

To help you better understand the asset management revolution taking place today, Zpryme has created an outlook report, The Next Generation of Asset Management. Leveraging its first-hand knowledge of utility asset management efforts, along with its global utility industry work, Zpryme delivers information about:

  • The historical model of asset management
  • New technologies and opportunities for change
  • The future model of asset management
  • Factors impacting the adoption of new models
  • Activities of key players in this market

The report explores these changes on a global level.

Key Highlights

  • Utility companies have always needed knowledge about their assets and, therefore, systems for managing their assets. For decades, these systems have existed in many “silos” throughout utilities, but this model is changing.
  • Dynamic technological innovations—including the Internet of Things and the machine-to-machine ecosystem—have converged with trends like cloud computing and big data. Capabilities derived from these innovations can enable asset management systems that operate in real-time with predictive capabilities.
  • Intelligent asset monitoring spending is projected to grow globally from $6.6 billion in 2013 to $19.4 billion by 2021. This change represents a compound annual growth rate of 14%.
  • Spending on sensors, IEDs and field device represents the largest percentage of intelligent asset monitoring spending. Spending on these devices comprised 50% of intelligent asset monitoring spending in 2013, and will comprise 58% of spending in 2021.


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