GE Vernova’s Asset Performance Management Solution a “Leader” in Latest Analyst Ranking

In an evaluation of 20 prominent Asset Performance Management (APM) solution providers, GE Vernova’s APM software received a “leader” designation and the highest scores across multiple categories including: integrity management, asset health, reliability management, user interfaces, platform configuration, and environmental performance. Read on to understand which factors the independent analyst considered in its ranking and how to use benchmark reports such as the Verdantix Green Quadrant to make an informed software investment that will benefit your enterprise.

The Verdantix Green Quadrant is a highly respected benchmark that evaluates and ranks software solutions based on their capabilities and market performance. Rankings are generated through rigorous analysis, combining independent research, user feedback, and expert evaluations to assess various dimensions such as functionality, innovation, customer satisfaction, and market presence. These rankings matter to customers as they provide a comprehensive and objective comparison of different solutions, helping organizations make informed decisions about which software best meets their needs for improving efficiency, sustainability, and overall performance. Being ranked highly in the Verdantix Green Quadrant signifies excellence and reliability, giving customers confidence in their choice of software solution.

• Need for experienced vendor with deep industry track record
• Robust data management for asset analytics
• Out-of-the-box functionality
• Ability to streamline workflows for operators
• AI/ML capabilities and vision
• Emissions management functionality
• Strong implementation or implementation partners

Scoring in the Verdantix Green Quadrant is on a 0 to 3.0 (highest) scale for vendors and looks at factors including:

• Operational: Brand Preference, Vision & Strategy, Innovation Process, Acquisitions, Revenue Growth and Customers.
• Foundational Technology: Platform Interoperability & Integration, Data capture & delivery, data management, configurability and business intelligence.
• Applications: Information Management, Asset Health, Emissions Management, Failure Prediction, Reliability Analysis and many more.

The analysis takes into account the previously mentioned market drivers and how APM providers are delivering solutions to help organizations meet mission-critical goals. With these categories and trends in mind, GE Vernova’s APM showed great technical functionality, strong vision, and demonstrated progress in areas deemed important by the market.

Meeting Buyer Demand:

• Need for experienced vendor with deep industry track record: Building on more than 130 years of experience delivering energy, GE Vernova has also been developing digital solutions across all energy types for decades. GE Vernova is uniquely positioned in Oil & Gas, Power Generation, Power Conversion, Renewables, Aviation, Mining & Metals and more—with significant install base in each.
• Robust data management for asset analytics: Since the release of our cloud and on-premises APM V5 in 2022, GE Vernova has been continually modernizing and architecting our platform to handle the massive increase in data. Our APM is able to connect to other enterprise systems, offers asset hierarchy alignment, can ingest structured and unstructured data and also works across any OEM-type and failure mode. Due to this, APM can act as a centralized location for all your asset data.
• Out-of-the-box functionality: Verdantix classifies a need as “out-of-the-box,” however, in software that term overpromises and underdelivers. With complex assets and processes that are unique to each industry and organization, the promise of “out-of-the-box" falls flat. With our Accelerators product we offer configurable asset templates due to organizations’ demand for adjustability.
• Ability to streamline workflows for workers: In the same vein as robust data management, GE Vernova’s APM provides workers immense value. From a single location, users can build asset strategies, quantify risk, deploy no-code routes for operators, track near real-time health indexes, perform RCAs, set up advanced pattern recognition, identify ways to reduce fuel consumption, and create mechanical integrity programs. GE Vernova’s APM also provides mobile applications for Asset Health and Integrity to further amplify employee productivity.
• AI/ML Capabilities and vision: As the GenerativeAI hype-cycle begins to slow, it is important to remember that there is more to AI/ML. At GE Vernova we leverage numerous ML-model types and deploy AI on images to ingest structured and unstructured data. Our usage of this technology spans autonomously tuning turbines, digital twins, computer vision, and fuel consumption reduction.
• Emissions management applications: GE Vernova announced our CERius product this year. With pilots already in progress with Xcel Energy and Azito Power, CERius is delivering on the collection, analysis, and actioning of emissions data to help reduce Scope 1, 2 and 3 emissions. Within our APM suite, GE Vernova also provides applications to reduce fuel consumption, eliminate loss of containment events and monitor thermal performance of turbines.
• Strong implementation or implementation partners: GE Vernova employs industry experts with a ton of experience—both in technology and operating hardware. In addition, GE Vernova works with partners like Bilfinger/Stork, EY, AWS and others to help ensure that APM is enterprise-ready and your data is producing the most value for your organization.

Top Rankings

• Asset Health (Score: 3.0/3.0): Based on Verdantix’s stated criteria, GE Vernova’s APM garnered a perfect score. This score is based on GE’s ability to build and maintain asset health databases, condition monitoring and failure diagnostic functionality, threshold setting and alerts, and ability to produce a near real-time view of asset health. Our APM Strategy, APM Health, and APM Reliability applications provide an interoperable solution that can be configured to an organization's specific asset types and needs. This includes features that can manage asset strategy programs, perform mobile routes on assets, and leverage digital twins to remotely monitor asset performance.
• Integrity Management (Score: 3.0/3.0): Scoring a perfect 3.0/3.0 for integrity management, GE Vernova's mechanical integrity application utilizes advanced risk-based inspection (RBI) methodologies, providing robust capabilities for inspection management, failure risk assessment, corrosion management, integrity operating windows and compliance management. It includes an extensive library of qualitative and quantitative damage mechanisms compliant with API 581, enabling users to manage inspection plans, document asset condition on mobile devices, track recommendations to closure, capture inspection confidence, and integrate with enterprise asset management (EAM) solutions. More so, GE Vernova has released Autonomous Inspection that leverages AI/ML algorithms with image-capturing devices to support automated gauge-reading, corrosion management, and thermal profiling.
• User Interface (Score: 3.0/3.0): With GE Vernova’s release of APM V5 in 2022, the APM software is now composable by design, microservice-based for SaaS deployments, and increasingly interoperable with other business systems. As a global organization, GE Vernova provides flexible language options, the ability to switch metrics and has a streamlined requirement gathering process with customers. More so, GE Vernova is investing in mobile capabilities with Rounds Pro in APM Health and Integrity Mobile as part of our APM Integrity application.
• Reliability Analysis (Score: 2.8/3.0): GE Vernova scored 2.8/3.0 for reliability analysis, the highest score in the Green Quadrant analysis. Our software provides  reliability-centered maintenance (RCM) capabilities that comply with SAE JA1011/1012 standards, as well as the RCM1, RCM2 and RCM3 methodologies. Our APM enables users to create failure modes and run simulation via Reliability Analytics that includes Weibull Analysis and Goodness of Fit (GOF) testing are offered to assess life data analysis, while Monte Carlo simulations can model the future reliability of systems under varying scenarios and the effect on supply chains and inventory optimization. To expand, GE’s Asset Strategy Optimization feature integrates with the rest of the platform, facilitating simulations for various scenarios to select the optimal strategy.
• Alert & Case Management (Score: 2.6/3.0): When selecting an APM solution, buyers should shortlist vendors that offer strong alert and case management features, focusing on AI-enabled criticality-based alert prioritization, and bi-directional integration with CMMS and EAM software. Alerts and cases are facilitated by GE Vernova’s modernized platform that gives users the flexibility to set operating parameters, deploy policies, align digital twins and even bring their own models for greater coverage. GE Vernova also delivers sensor health monitoring technology that increases alerting accuracy—allowing users to focus on their most critical problems.
• Environmental Performance (Score: 2.6/3.0): GE Vernova has evolved APM to help organizations reduce ESG risk from fugitive emissions, better support decarbonization investment decisions, and consolidate data for supply chain management. Our portfolio received the top score of 2.6/3.0 for environmental performance, due to the proven technology being used to accelerate the energy transition. Areas of investment include the addition of Accelerators for renewable assets, that allow users to sale their APM to wind, hydro, solar and more with configurable pre-built models. This GE Vernova also offers generation optimization solutions, such as Autonomous Tuning that helps users tune their gas turbine combustion by determining the ideal flame temperatures and fuel splits. And, last not least, CERius provides organizations the ability to capture, track and plan their emissions management goals and impact Scope 1, 2 and 3. 

While GE Vernova is proud of its “Leader” position, we still have more work to do to continue providing APM solutions that deliver on customer requirements. As we proceed into the end of 2024 and into 2025, GE Vernova remains focused on providing a truly differentiated GenerativeAI experience, the addition of new technology and system integration partners, and building on our APM applications to help customers to meet and exceed operating expectations.

Download the report here