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Brightly Named an Industry Leader in Asset Investment Planning (AIP) Software by Independent Analyst Firm – Financial Post

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Recognition represents the company’s commitment to deliver intelligent asset management and capital planning solutions to the global market

CARY, N.C. & LONDON — Brightly Software, the global leader in intelligent asset management solutions, today announced it has been recognized as “a Leader” in the Verdantix Green Quadrant®: Asset Investment Planning Software 2023 report. In the report, Brightly is acknowledged for delivering advanced, all-around AIP software capabilities to the global market, including strengths in user interfaces, asset performance modelling, and long-term investment planning capabilities. The report also acknowledges Brightly’s momentum in financial resources, organizational resources, vision and commercial strategy, and partnerships.

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Brightly recently celebrated the one-year mark since its acquisition by Siemens Smart Infrastructure (SI) to deliver superior performance and sustainability for built infrastructure. Together with Siemens, Brightly continues to invest in its portfolio of asset and energy management solutions and AIP software to support organizations in making smarter, data-driven decisions to improve asset outcomes.

“As organizations face economic pressures and a heightened emphasis on ESG, capital planning and operational efficiency remain critical for organizations to make strategic decisions about asset management, maintenance and capital investment. Efficiency is everything, and with our ability to predict asset performance over 1-100 years with non-linear optimizations and industry-specific deterioration patterns, we’re supporting organizations in making optimal short- and long-term investment planning decisions,” said Kevin Kemmerer, chief executive officer at Brightly. “Being recognized as a Leader is validation of our mission to lead the way to a bright future.”

Analysis & Findings

This Verdantix Green Quadrant® report analyzes prominent AIP vendors in the market and surveys corporate users and operational efficiency decision makers. The analysis outlines key industry trends driving growth in the AIP space, including aging assets and the greater integration of KPIs within operational strategies and benefits such as improved decision-making, reduced risk, compliance with regulations and access to climate risk analysis (Source: Verdantix, Green Quadrant: AIP Software 2023). Based on market momentum and product capabilities within the Green Quadrant, Brightly earned a top position in the Leaders’ Quadrant.

“Spend on AIP software is set to grow, with providers looking to differentiate by offering end-to-end asset lifecycle capabilities, enhancing ESG capabilities, leveraging machine learning (ML) analytics, developing lightweight applications, upgrading usability and improving connectivity with other asset management solutions. Brightly Software, as a Leader in the market, is well positioned to deliver a strong AIP offering with visual what-if scenario modelling for custom long-term investment plans, test funding scenarios and manage budgets,” commented Kiran Darmasseelane, senior analyst, operational excellence at Verdantix.

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“The landscape for AIP has rapidly evolved and the report’s analysis supports our work developing a solutions portfolio to address our global clients’ greatest asset management challenges,” said Brian Bell, senior vice president, strategy at Brightly. “We’re pleased to see our innovation efforts recognized by an independent analyst firm like Verdantix and we will continue to partner with organizations on their journey toward sustainable asset lifecycle prediction and management.”

To learn more about the Verdantix “Green Quadrant: Asset Investment Planning Software 2023” report, visit www.verdantix.com. To learn more about Brightly’s offerings, visit: www.brightlysoftware.com.

About Brightly Software

Brightly, a Siemens company, enables organizations to transform the performance of their assets. As the global leader in intelligent asset management solutions, Brightly’s sophisticated cloud-based platform leverages more than 20 years of data to deliver predictive insights that help users through the key phases of the entire asset lifecycle. More than 12,000 clients of every size worldwide depend on Brightly’s complete suite of intuitive software – including CMMS, EAM, Strategic Asset Management, IoT Remote Monitoring, Sustainability and Community Engagement. Paired with award-winning training, support and consulting services, Brightly helps light the way to a bright future with smarter assets and sustainable communities. For more information, visit www.brightlysoftware.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230830065010/en/

Contacts

Kally Lavoie
brightly@pancomm.com

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S&P/TSX gains almost 100 points, U.S. markets also higher ahead of rate decision

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TORONTO – Strength in the base metal and technology sectors helped Canada’s main stock index gain almost 100 points on Friday, while U.S. stock markets climbed to their best week of the year.

“It’s been almost a complete opposite or retracement of what we saw last week,” said Philip Petursson, chief investment strategist at IG Wealth Management.

In New York, the Dow Jones industrial average was up 297.01 points at 41,393.78. The S&P 500 index was up 30.26 points at 5,626.02, while the Nasdaq composite was up 114.30 points at 17,683.98.

The S&P/TSX composite index closed up 93.51 points at 23,568.65.

While last week saw a “healthy” pullback on weaker economic data, this week investors appeared to be buying the dip and hoping the central bank “comes to the rescue,” said Petursson.

Next week, the U.S. Federal Reserve is widely expected to cut its key interest rate for the first time in several years after it significantly hiked it to fight inflation.

But the magnitude of that first cut has been the subject of debate, and the market appears split on whether the cut will be a quarter of a percentage point or a larger half-point reduction.

Petursson thinks it’s clear the smaller cut is coming. Economic data recently hasn’t been great, but it hasn’t been that bad either, he said — and inflation may have come down significantly, but it’s not defeated just yet.

“I think they’re going to be very steady,” he said, with one small cut at each of their three decisions scheduled for the rest of 2024, and more into 2025.

“I don’t think there’s a sense of urgency on the part of the Fed that they have to do something immediately.

A larger cut could also send the wrong message to the markets, added Petursson: that the Fed made a mistake in waiting this long to cut, or that it’s seeing concerning signs in the economy.

It would also be “counter to what they’ve signaled,” he said.

More important than the cut — other than the new tone it sets — will be what Fed chair Jerome Powell has to say, according to Petursson.

“That’s going to be more important than the size of the cut itself,” he said.

In Canada, where the central bank has already cut three times, Petursson expects two more before the year is through.

“Here, the labour situation is worse than what we see in the United States,” he said.

The Canadian dollar traded for 73.61 cents US compared with 73.58 cents US on Thursday.

The October crude oil contract was down 32 cents at US$68.65 per barrel and the October natural gas contract was down five cents at US$2.31 per mmBTU.

The December gold contract was up US$30.10 at US$2,610.70 an ounce and the December copper contract was up four cents US$4.24 a pound.

— With files from The Associated Press

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite down more than 200 points, U.S. stock markets also fall

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TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.

The S&P/TSX composite index was down 239.24 points at 22,749.04.

In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.

The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.

The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.

The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.

This report by The Canadian Press was first published Sept. 6, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 150 points, U.S. stock markets also higher

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TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.

The S&P/TSX composite index was up 171.41 points at 23,298.39.

In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.

The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.

The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.

The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.

This report by The Canadian Press was first published Aug. 29, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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