ABB has been recognized as a leading provider of Asset Performance Management (APM) solutions, driven by the innovative ABB Ability™ Genix APM suite. In the 2024 Verdantix Green Quadrant report for APM Solutions, ABB has ascended from a challenger to a leader within just 12 months. This achievement reflects the company’s sustained investment in digital innovation and its dedication to enhancing APM offerings.

Verdantix placed ABB in the Leaders quadrant, highlighting the advanced functionality and strategic benefits of its solutions. The report also acknowledged ABB’s interoperability and expertise in third-party system integration, key factors that contributed to its elevated status.

ABB’s rapid rise to industry leadership is attributed to its successful integration of first-principles models with advanced AI functionality, significantly improving asset health monitoring and failure prediction. The company’s investment in ongoing innovation projects, including dynamic Failure Modes, Effects, and Criticality Analysis (FMECA), digital twin technology, and a generative AI-based Genix APM Copilot, further strengthened its position.

These advancements are expected to accelerate the deployment of APM software, enhance user experience, and support safer, more sustainable operations. Verdantix also awarded ABB the highest score for the development environment offered by the Genix APM platform, recognizing its robust platform development capabilities and superior data management support.

Stacey Jones, Portfolio Manager for APM at ABB Energy Industries, emphasized the significance of this recognition, stating, “With industries facing increasing pressures, the shift towards predictive maintenance solutions is crucial. ABB’s modular approach to APM allows us to meet our customers’ needs at any stage of their asset management journey. This acknowledgment from Verdantix validates our commitment to providing top-tier APM solutions that enhance asset performance and operational efficiency, aligning with our customers’ digital transformation, energy management, and sustainability goals.”

The report also noted ABB’s strong asset health workflows, which offer comprehensive tools for tracking asset performance, predicting failures, and providing actionable recommendations. ABB’s ability to leverage AI-driven analytics and pre-built capabilities to deliver deep insights into asset health was also recognized as above average.

ABB’s Process Automation business plays a crucial role in automating, electrifying, and digitalizing industrial operations across various sectors, including energy, water, and materials supply. With approximately 20,000 employees and leading technology expertise, ABB Process Automation helps customers enhance the performance and safety of their operations, contributing to a more sustainable and resource-efficient future.

ABB continues to be a technological pioneer in electrification and automation, with solutions that optimize manufacturing, transportation, and energy use. With over 140 years of innovation, ABB’s 105,000+ employees remain committed to driving the industrial transformation towards a more sustainable future.

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