A Strategic Approach to Asset Life-Cycle Management

This IDC Perspective examines the strategic imperative for utilities to adopt an integrated, cloud-enabled approach to asset life-cycle management that encompasses enterprise asset management (EAM), asset performance management (APM), and field service management (FSM). Drawing on IDC Energy Insights research and market intelligence across the utility sector, this document defines the distinct purpose and strategic importance of each platform, articulates the operational and financial case for their integration, and provides actionable guidance for utility technology and operations leaders navigating ALM investment decisions in an environment of aging infrastructure, accelerating energy transition initiatives, and rising regulatory accountability."Utilities can no longer afford to manage their assets through fragmented, siloed systems. The integration of EAM, APM, and FSM into a unified, cloud-enabled asset life-cycle management architecture is the strategic foundation that positions utilities to manage aging infrastructure with precision, execute energy transition initiatives successfully, and demonstrate the operational and financial accountability that regulators, investors, and customers demand," said John Villali, senior research director, IDC Energy Insights.