Sustainability Goals and ALM Applications Are a Good Fit, But Barriers Exist
This IDC Market Perspective analyzes the state of sustainability and ESG goals within the enterprise with an emphasis on asset life-cycle management (ALM) or enterprise asset management (EAM) applications. It includes profiles of the sustainability strategies of some large ALM applications vendors, namely, Hexagon, IBM, IFS, and Oracle."ALM applications both increase the efficiency and extend the life of assets, which matches up well with environmental, social, and governance (ESG) and sustainability goals of reducing power consumption, emissions, and industrial waste," says Brian O'Rourke, research manager, Enterprise Asset Management and Smart Facilities at IDC.
Please Note: Extended description available upon request.
Executive Snapshot
New Market Developments and Dynamics
The Current State of Sustainability in the Enterprise
What About Sustainability and ALM?
Different ALM Application Vendors' Approach to ESG