This is a guest post by Victor Voulgaropoulos, Industry Analyst at Verdantix, an independent research and advisory firm with expertise in digital strategies for EHS (Environment, Health, and Safety), operational excellence, smart buildings, as well as ESG (Environmental, Social, and Governance) and sustainability technologies.
In a recent article, Verdantix explored the growing demand for capital planning technologies in a world of aging assets. Operations managers and executives in asset-intensive industries are constantly challenged with making decisions about which projects to invest in, and when. In a rapidly changing environment, 'business as usual' is no longer cutting it.
Verdantix noted that industry-leading organizations are evolving their decision-making strategies from "in-house developed risk minimization investment models comprising of error-prone spreadsheet calculations and gut feelings of engineers" to dedicated asset investment planning (AIP) solutions that leverage analytics to maximize value.
AIP leverages analytics and expertise to maximize the value of an organization’s investment portfolios, predict its long-term asset needs, and improve decision-making for fixed asset investment strategies.
Described by Verdantix as sitting "at the crossroads of enterprise asset management (EAM) and asset performance management (APM) systems", the Copperleaf® Decision Analytics Solution combines asset data with financial information to enhance long-term planning, budgeting, and forecasting decisions, enabling organizations to maximize the value of investment portfolios and drive strategic objectives. The Copperleaf Product Suite also enables clients to align and synchronize their investment strategies with the ISO 55000 asset management standard. The article concludes that in this time of rapidly changing business realities, the need for a robust AIP solution is more important than ever.
Read the full article on the Verdantix website to learn more about how AIP solutions can help organizations make investment decisions that deliver the highest value.
Discover how the Copperleaf Product Suite empowers businesses to make strategic investment decisions with confidence.
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