Verdantix Says Improving Industrial Asset Management With Digital Technologies Is Gathering Pace The operational excellence agenda has dramatically increased asset management digitization efforts according to a new study from independent research firm Verdantix. The increase in momentum for asset management digitization will be driven by asset reliability and safe operations becoming a high priority within operational excellence initiatives, rise in spend on operational excellence initiatives, cost-cutting programmes, new technology, and the COVID-19 pandemic and the ensuing economic recession. "In 2020, the twin shocks of the COVID-19 pandemic and ensuing economic downturns disrupted supply chains, closed industrial facilities and changed end-customer spending habits," commented Sebastian Winter, Verdantix industry analyst. "Rather than reducing spend on asset management software applications and other solutions that are part of operational excellence initiatives, these twin factors have increased it."