Industry-Leading Ventyx Asset Management Software for Mining Now Available in Cloud
Ventyx Delivers 35 Years of Expertise in Mining Industry Processes and Performance Improvement via Software as a Service (SaaS)
May 6, 2014
VENTYX WORLD, ORLANDO (May 6, 2014)—Ventyx, an ABB company, today announced availability of its industry-leading asset management software for the first time as a software as a service (SaaS) delivered via the Cloud. The new SaaS solution provides a powerful alternative for small and medium-sized mining companies who require a lower total cost of ownership but nevertheless need a comprehensive solution to meet the challenges of today’s mining industry.
“In the highly volatile and cyclical world of mining industry, our customers cannot afford to compromise on the ability to effectively manage their critical assets, or efficiently capture and report on regulatory and safety information across their operations,” said Ventyx CEO Jeff Ray. “However, many mining companies have neither the time nor the budget to invest in a traditional solution for work and asset management. Our new SaaS offering can help these companies overcome this barrier by providing a cloud-based, prepackaged, end-to-end solution built specifically for the mining industry.”
The new SaaS solution offers the comprehensive capabilities expected from the industry’s leading asset management solution for mining. “According to ARC’s recent Global Market Study, Ventyx is the world’s leading supplier of asset management software and services for the mining industry, with more than three times the market share of the closest competitor,” said ARC Advisory Group Research Director Ralph Rio. “Delivering this software via a SaaS model provides the opportunity to lower internal support costs and improve security for Ventyx customers, especially small-to-medium-size clients who lack the critical mass to support an internal data center. ARC has seen this trend for SaaS with asset management software start to enter larger companies as well.”
The SaaS-based solution provides critical functionality needed to manage assets, maintenance strategies, materials and people, as well as analyze performance. It also delivers key functionality needed to support financial and management accounting, as well as help manage service, inventory and non-inventory purchasing, capital projects, and asset acquisition.
Benefits to Ventyx Customers:
Reduced cost and capital expenditures – The cloud model adds a second level of cost-saving to Ventyx asset management software by eliminating costly upfront capital investments in new equipment and software, allowing mining companies to pay as they go for hosting of critical enterprise applications. By moving to a cloud model, clients can rely on Ventyx to manage, update and support the asset management system, allowing them to focus on their core business.
Flexibility in an environment of significant change – The mining industry faces innumerable challenges, among them the dangerous nature of mining operations, an increasingly constrained regulatory environment, and the volatility of the industry’s macroeconomics. The cloud model allows companies to adapt in response to these challenges with minimal cost, risk and investment of time.
Greater retention and reuse of institutional knowledge – According to a recent SME (Society for Mining, Metallurgy, and Exploration) study Emerging Workforce Trends in the U.S. Mining Industry, “By 2029 more than half the current workforce will be retired and replaced, creating a skill and knowledge gap the industry may be challenged to accommodate.” The cloud gives younger workers the same collaborative and mobile capabilities in their software at work as they use privately.
Enhanced management of geographically dispersed assets and people – The ability to access the data and functionality of a cloud solution from multiple Internet-enabled devices enables a single EAM/FSM instance to support a large number of sites, and a dispersed workforce for maintenance personnel.
The Ventyx asset management SaaS for mining is available immediately. It is offered under a single quarterly subscription fee, delivered from the Cloud and accessed from the customer premises using the Internet.
Ventyx, an ABB company, is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure. Ventyx solutions bridge the gap between information technologies (IT) and operational technologies (OT), enabling clients to make faster, better-informed decisions in both daily operations and long-term planning strategies. Some of the world’s largest organizations rely on Ventyx solutions to minimize risk, enhance operational and financial performance, and execute the right strategies for the future. For more details, see www.ventyx.comwww.ventyx.com.