Quick Overview
- 1#1: IBM Maximo - AI-powered enterprise asset management platform optimizing maintenance, reliability, and performance for electric utility assets.
- 2#2: Oracle Utilities Work and Asset Management - Cloud-based solution integrating work orders, asset tracking, and mobile inspections tailored for electric utilities.
- 3#3: SAP Intelligent Asset Management - Comprehensive asset strategy and performance management with IoT integration for utility infrastructure.
- 4#4: GE Vernova Asset Performance Management - Predictive analytics and digital twin technology for monitoring and extending the life of electric utility assets.
- 5#5: ABB Ability Connected Asset Performance Management - Real-time asset health monitoring and predictive maintenance using IoT for power grid reliability.
- 6#6: EcoStruxure Asset Advisor - Cloud platform providing performance analytics and optimization for electrical distribution assets.
- 7#7: Infor EAM - Flexible enterprise asset management with GIS integration and work management for utilities.
- 8#8: Hexagon Asset Performance Management - Lifecycle intelligence platform combining APM, EAM, and integrity management for utility assets.
- 9#9: AVEVA Asset Performance Management - Data-driven insights and analytics for proactive management of electric utility assets.
- 10#10: ArcGIS Utility Network - GIS-centric platform for modeling, tracing, and managing electric utility networks and assets.
We ranked these tools based on technical innovation, user-friendliness, scalability, and value, ensuring they deliver robust performance across critical areas like predictive maintenance, asset tracking, and network modeling.
Comparison Table
Explore the landscape of electric utility asset management software through a comparison table showcasing leading tools like IBM Maximo, Oracle Utilities Work and Asset Management, SAP Intelligent Asset Management, GE Vernova Asset Performance Management, ABB Ability Connected Asset Performance Management, and additional solutions. This resource helps readers evaluate key features, scalability, and suitability for optimizing asset lifecycle, maintenance, and operational efficiency in utility settings.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | IBM Maximo AI-powered enterprise asset management platform optimizing maintenance, reliability, and performance for electric utility assets. | enterprise | 9.3/10 | 9.6/10 | 7.9/10 | 8.7/10 |
| 2 | Oracle Utilities Work and Asset Management Cloud-based solution integrating work orders, asset tracking, and mobile inspections tailored for electric utilities. | enterprise | 9.1/10 | 9.5/10 | 8.0/10 | 8.5/10 |
| 3 | SAP Intelligent Asset Management Comprehensive asset strategy and performance management with IoT integration for utility infrastructure. | enterprise | 8.4/10 | 9.2/10 | 7.1/10 | 8.0/10 |
| 4 | GE Vernova Asset Performance Management Predictive analytics and digital twin technology for monitoring and extending the life of electric utility assets. | enterprise | 8.7/10 | 9.2/10 | 7.5/10 | 8.0/10 |
| 5 | ABB Ability Connected Asset Performance Management Real-time asset health monitoring and predictive maintenance using IoT for power grid reliability. | enterprise | 8.7/10 | 9.2/10 | 8.0/10 | 8.4/10 |
| 6 | EcoStruxure Asset Advisor Cloud platform providing performance analytics and optimization for electrical distribution assets. | enterprise | 8.4/10 | 9.2/10 | 8.0/10 | 7.8/10 |
| 7 | Infor EAM Flexible enterprise asset management with GIS integration and work management for utilities. | enterprise | 8.1/10 | 8.6/10 | 7.4/10 | 7.8/10 |
| 8 | Hexagon Asset Performance Management Lifecycle intelligence platform combining APM, EAM, and integrity management for utility assets. | enterprise | 8.3/10 | 8.8/10 | 7.5/10 | 8.0/10 |
| 9 | AVEVA Asset Performance Management Data-driven insights and analytics for proactive management of electric utility assets. | enterprise | 8.1/10 | 8.7/10 | 7.4/10 | 7.9/10 |
| 10 | ArcGIS Utility Network GIS-centric platform for modeling, tracing, and managing electric utility networks and assets. | enterprise | 8.2/10 | 9.2/10 | 6.5/10 | 7.5/10 |
AI-powered enterprise asset management platform optimizing maintenance, reliability, and performance for electric utility assets.
Cloud-based solution integrating work orders, asset tracking, and mobile inspections tailored for electric utilities.
Comprehensive asset strategy and performance management with IoT integration for utility infrastructure.
Predictive analytics and digital twin technology for monitoring and extending the life of electric utility assets.
Real-time asset health monitoring and predictive maintenance using IoT for power grid reliability.
Cloud platform providing performance analytics and optimization for electrical distribution assets.
Flexible enterprise asset management with GIS integration and work management for utilities.
Lifecycle intelligence platform combining APM, EAM, and integrity management for utility assets.
Data-driven insights and analytics for proactive management of electric utility assets.
GIS-centric platform for modeling, tracing, and managing electric utility networks and assets.
IBM Maximo
enterpriseAI-powered enterprise asset management platform optimizing maintenance, reliability, and performance for electric utility assets.
Maximo Asset Health Insights with AI and IoT for real-time asset performance scoring and failure prediction
IBM Maximo is a comprehensive enterprise asset management (EAM) platform designed specifically for electric utilities, offering full lifecycle management of assets like transformers, substations, and transmission lines. It utilizes AI, IoT, and advanced analytics through the Maximo Application Suite to enable predictive maintenance, optimize work orders, and ensure regulatory compliance. With robust mobile capabilities and GIS integration, it minimizes outages, extends asset life, and supports grid modernization efforts.
Pros
- AI-powered predictive maintenance via Maximo Predict reduces unplanned outages by up to 20%
- Seamless integration with GIS, SCADA, and ERP systems for holistic utility operations
- Scalable for large enterprises with strong support for linear assets like transmission lines
Cons
- Steep learning curve and complex initial configuration requiring expert implementation
- High upfront costs and ongoing subscription fees
- Customization can be time-intensive without IBM consulting services
Best For
Large electric utilities managing complex, high-value assets across distributed grids seeking enterprise-grade predictive analytics and compliance tools.
Pricing
Custom enterprise licensing; subscription-based starting at $150,000+ annually for mid-sized deployments, scaling with users and modules.
Oracle Utilities Work and Asset Management
enterpriseCloud-based solution integrating work orders, asset tracking, and mobile inspections tailored for electric utilities.
AI-powered predictive analytics that enable condition-based maintenance and proactive failure prevention
Oracle Utilities Work and Asset Management is a robust enterprise solution tailored for utilities, enabling comprehensive lifecycle management of physical assets and work orders. It supports electric utilities in planning, executing, and optimizing maintenance activities through advanced analytics, mobile workforce tools, and integration with GIS and ERP systems. The platform emphasizes predictive maintenance, regulatory compliance, and operational efficiency to minimize downtime and costs.
Pros
- Scalable for large enterprises with deep Oracle ecosystem integration
- AI-driven predictive maintenance and analytics for asset health
- Mobile-first design supporting field operations and real-time collaboration
Cons
- Complex implementation requiring significant customization
- High upfront costs and long deployment timelines
- Steep learning curve for non-technical users
Best For
Large electric utilities needing enterprise-grade, integrated asset lifecycle management with advanced analytics.
Pricing
Custom enterprise licensing with subscription models; pricing requires direct quote, typically high for large-scale deployments.
SAP Intelligent Asset Management
enterpriseComprehensive asset strategy and performance management with IoT integration for utility infrastructure.
AI-powered Predictive Maintenance with digital twins for anticipating grid asset failures
SAP Intelligent Asset Management is an AI-driven platform designed to manage the full asset lifecycle for electric utilities, integrating IoT data, predictive analytics, and digital twins to optimize grid assets like transformers, substations, and transmission lines. It enables proactive maintenance, performance monitoring, and compliance reporting to minimize downtime and extend asset life. The solution seamlessly integrates with SAP S/4HANA and other ERP systems for holistic enterprise visibility.
Pros
- Advanced AI and ML for predictive maintenance reduces unplanned outages in utility grids
- Robust IoT integration and digital twins provide real-time asset health insights
- Deep integration with SAP ecosystem streamlines operations for enterprise users
Cons
- Complex implementation requires significant customization and expertise
- Steep learning curve for non-SAP users and teams
- High costs may not suit smaller utilities
Best For
Large electric utilities with existing SAP infrastructure seeking enterprise-grade predictive asset management.
Pricing
Custom enterprise licensing; typically starts at $100,000+ annually based on modules, users, and deployment scale—contact SAP for quote.
GE Vernova Asset Performance Management
enterprisePredictive analytics and digital twin technology for monitoring and extending the life of electric utility assets.
APEX probabilistic risk assessment engine for prioritizing maintenance based on failure probability and consequences
GE Vernova Asset Performance Management (APM) is an enterprise-grade software solution tailored for electric utilities to monitor, predict, and optimize the performance of critical assets like transformers, substations, and transmission lines. It utilizes AI, machine learning, digital twins, and advanced analytics to deliver predictive maintenance, risk assessment, and reliability-centered strategies. The platform integrates seamlessly with existing SCADA and ERP systems, enabling data-driven decisions to extend asset life and reduce unplanned outages.
Pros
- Advanced AI and ML for accurate predictive maintenance and anomaly detection
- Robust digital twin technology for asset simulation and scenario planning
- Proven scalability and integration for large-scale utility operations
Cons
- Complex implementation requiring significant IT resources and customization
- High upfront costs with custom enterprise licensing
- Steep learning curve for non-technical users
Best For
Large electric utilities with extensive asset portfolios needing sophisticated, predictive asset management at scale.
Pricing
Custom enterprise licensing; typically starts at $500K+ annually depending on asset coverage and modules, with implementation fees extra.
ABB Ability Connected Asset Performance Management
enterpriseReal-time asset health monitoring and predictive maintenance using IoT for power grid reliability.
Asset Health Index providing a single, data-driven score combining condition, risk, and criticality for prioritized maintenance.
ABB Ability Connected Asset Performance Management is a cloud-based platform from ABB that delivers real-time monitoring and predictive analytics for electrical utility assets like transformers, switchgear, and substations. It uses IoT sensors, AI-driven algorithms, and machine learning to calculate asset health indices, predict failures, and optimize maintenance strategies. The solution integrates with ABB's hardware ecosystem to help utilities minimize downtime, extend asset life, and reduce costs through proactive insights and remote expert support.
Pros
- Advanced AI and machine learning for precise predictive maintenance
- Comprehensive asset health monitoring with quantifiable indices
- Seamless integration with ABB hardware and scalable cloud deployment
Cons
- Requires compatible ABB sensors and hardware for full functionality
- Steep initial setup and customization for enterprise-scale deployments
- Pricing lacks transparency and demands custom quotes
Best For
Mid-to-large electric utilities managing high-voltage substations and transmission assets that need AI-powered predictive insights.
Pricing
Enterprise subscription model based on number of assets monitored; custom quotes required, typically starting in the high five-figures annually for mid-sized deployments.
EcoStruxure Asset Advisor
enterpriseCloud platform providing performance analytics and optimization for electrical distribution assets.
AI-powered digital twin technology for transformer performance simulation and early fault detection
EcoStruxure Asset Advisor is a cloud-based platform from Schneider Electric designed for electric utilities to monitor and manage critical electrical assets like transformers, circuit breakers, and substations. It uses IoT sensors, advanced analytics, machine learning, and digital twins to deliver real-time visibility, predictive maintenance insights, and optimization recommendations. The solution aims to minimize downtime, extend asset lifespan, and enhance grid reliability through proactive asset performance management.
Pros
- Powerful AI and ML-driven predictive analytics for asset health and failure prediction
- Seamless integration with Schneider Electric hardware and EcoStruxure ecosystem
- Scalable cloud platform with real-time dashboards and customizable alerts
Cons
- Strongest performance with Schneider-compatible equipment, limiting flexibility for mixed fleets
- Requires sensor installations and data integration setup, adding initial complexity
- Pricing details opaque; requires sales contact for custom quotes
Best For
Mid-to-large electric utilities with Schneider assets seeking advanced predictive maintenance and grid optimization.
Pricing
Subscription-based SaaS model with tiered plans; contact Schneider Electric sales for custom pricing based on assets monitored.
Infor EAM
enterpriseFlexible enterprise asset management with GIS integration and work management for utilities.
Geospatial asset management with native GIS integration for linear assets like transmission lines
Infor EAM is a comprehensive enterprise asset management solution tailored for industries like electric utilities, enabling full lifecycle management of assets from acquisition to disposal. It offers robust features for work order management, preventive and predictive maintenance, inventory control, and regulatory compliance reporting specific to utility operations. The platform integrates with GIS, SCADA, and ERP systems to support grid reliability, outage management, and cost optimization.
Pros
- Deep integration with utility systems like GIS and SCADA for enhanced asset visibility
- Advanced predictive maintenance using AI and IoT for reducing unplanned outages
- Scalable mobile app supporting field technicians with offline capabilities
Cons
- Complex implementation requiring significant customization and consulting
- Steep learning curve for non-technical users
- Higher cost structure suited more for large enterprises than smaller utilities
Best For
Mid-to-large electric utilities needing enterprise-grade EAM with strong regulatory compliance and integration features.
Pricing
Custom enterprise pricing upon request; typically subscription-based starting at $100-200 per user/month plus implementation fees.
Hexagon Asset Performance Management
enterpriseLifecycle intelligence platform combining APM, EAM, and integrity management for utility assets.
JOULE AI Advisor for real-time, contextual insights and automated recommendations across the asset lifecycle
Hexagon Asset Performance Management is a robust enterprise solution tailored for managing the full lifecycle of critical assets in electric utilities, including transformers, substations, and transmission infrastructure. It utilizes AI-driven predictive analytics, machine learning, and digital twin technology to assess asset health, predict failures, and optimize maintenance strategies. The platform enables risk-based decision-making, regulatory compliance, and integration with IoT sensors for real-time monitoring, helping utilities minimize downtime and extend asset life.
Pros
- Advanced AI and ML for predictive maintenance and failure prediction
- Seamless integration with IoT, GIS, and ERP systems
- Comprehensive risk management and compliance reporting tools
Cons
- Steep learning curve for non-technical users
- High implementation costs and complexity for smaller utilities
- Limited customization options without professional services
Best For
Large-scale electric utilities with extensive asset networks needing enterprise-grade predictive analytics and digital twin capabilities.
Pricing
Custom enterprise licensing with annual subscriptions typically starting at $100,000+, scaled by asset volume and modules.
AVEVA Asset Performance Management
enterpriseData-driven insights and analytics for proactive management of electric utility assets.
Dynamic Risk Index that combines asset health scores, criticality, and failure probability for prioritized action
AVEVA Asset Performance Management (APM) is an enterprise-grade platform that leverages AI, machine learning, and IoT data to monitor asset health, predict failures, and optimize maintenance strategies for asset-intensive industries. In electric utilities, it excels at managing transformers, substations, and grid infrastructure by providing real-time insights into performance, risk, and reliability. The solution integrates seamlessly with SCADA systems and AVEVA's PI System for holistic asset lifecycle management, helping reduce downtime and operational costs.
Pros
- Advanced AI-driven predictive analytics for failure forecasting
- Seamless integration with industrial data platforms like PI System
- Scalable risk-based maintenance prioritization for large grids
Cons
- Steep learning curve and complex initial setup
- High enterprise-level pricing
- Requires robust existing data infrastructure
Best For
Large electric utilities with extensive asset networks seeking predictive insights to enhance grid reliability and minimize unplanned outages.
Pricing
Custom quote-based pricing for enterprise deployments, typically starting at $500,000+ annually depending on scale and modules.
ArcGIS Utility Network
enterpriseGIS-centric platform for modeling, tracing, and managing electric utility networks and assets.
Phase-conditional subnetworks enabling precise modeling of energized vs. de-energized electric assets and complex contingency analysis
ArcGIS Utility Network is Esri's advanced GIS-based platform for modeling and managing complex utility networks, including electric distribution systems with detailed asset connectivity, phases, and equipment hierarchies. It supports comprehensive workflows like network tracing, rules-based validation, short-circuit analysis, and integration with field operations via ArcGIS tools. Designed for enterprise-scale utilities, it leverages spatial analytics for outage management, planning, and asset performance optimization.
Pros
- Powerful phase-aware modeling and multidirectional network tracing for accurate electric system simulations
- Deep integration with ArcGIS ecosystem for spatial analysis, mobile apps, and real-time dashboards
- Extensive rules engine and validation tools to ensure data integrity and compliance
Cons
- Steep learning curve requiring GIS expertise and significant training investment
- High implementation costs including licensing, customization, and hardware for large datasets
- Performance challenges with massive networks without optimized infrastructure
Best For
Large electric utilities with GIS maturity and Esri infrastructure needing enterprise-grade network modeling and analytics.
Pricing
Enterprise subscription-based; starts at ~$10,000+ annually per core/user with custom quotes for Utility Network extension on ArcGIS Enterprise.
Conclusion
The reviewed tools provide varied approaches to managing electric utility assets, with IBM Maximo leading as the top choice, leveraging AI to enhance maintenance, reliability, and performance. Oracle Utilities Work and Asset Management and SAP Intelligent Asset Management stand out as strong alternatives, offering cloud integration and IoT-centric insights to meet distinct operational needs. Collectively, these platforms highlight the shift toward smarter, more proactive asset management.
Explore IBM Maximo to unlock AI-driven efficiency, optimize your utility assets, and drive better performance in your operations.
Tools Reviewed
All tools were independently evaluated for this comparison