IDC PeerScape: Best Practices for Asset Management in Utilities

This IDC PeerScape highlights five key best practices that distinguish successful APM implementations in utilities: adopting risk-based asset prioritization, integrating IT and OT data, transitioning to condition-based predictive maintenance, aligning APM with business and regulatory objectives, and strengthening data governance. Together, these practices enable utilities to optimize maintenance strategies, improve reliability metrics, reduce operational costs, and enhance their ability to justify investments in a highly regulated industry.Utilities that treat APM as an enterprise transformation rather than a standalone technology deployment are better positioned to manage risk, extend asset life cycles, and deliver consistent, high-quality service to customers. As grid complexity continues to increase, APM will play a central role in enabling utilities to balance reliability, affordability, and sustainability objectives."Asset performance management is becoming a foundational capability for utilities navigating grid modernization, changing market dynamics, and rising reliability expectations. Organizations that integrate data, analytics, and operational decision-making into a cohesive APM strategy will be best positioned to reduce risk, optimize assets, extend asset life cycles, and deliver measurable business and regulatory outcomes," said John Villali, senior research director, IDC Energy Insights.