#enterprise asset management market

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Enterprise Asset Management Market - Forecast 2024-2030

Enterprise Asset Management Market Overview

The Enterprise Asset Management market is analyzed to grow at a CAGR of 8.1% during the forecast period to reach $4.3 billion by 2030. The major factor impacting the positive growth of the market is the adoption of cloud technologies in asset management solutions. The significant growth and adoption of new technologies such as IoT, industry 4.0, and so on are analyzed to create ample amount of opportunities for growth in enterprise asset management as they play a key role in asset tracking. Owing to the increasing demand for these advanced technologies due to the increased productivity and sustainability, a decrease in maintenance costs is set to bring down the deployment costs thereby impacting the high adoption rate and contributing to the growth of the market during the forecast period 2024-2030. Increasing adoption of advanced technologies in enterprises to assist them in tracking, assessing, managing and optimizing asset quality and reliability has created demand for enterprise asset management which is set to drive the market. The software applications such as linear assets digital, non-linear assets, field service management, assets MRO and others across various vendors. Services viz. managed services for enterprise asset management provide consistent operational management and predictable results. The managed services assist in system maintenance to keep it fully operational.

Report Coverage

The report: “Enterprise Asset Management Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Enterprise Asset Management market          By Services and Software Applications: Services (Implementation, Managed Services, Training and Support); Software Applications (Linear Assets Digital, Non-Linear Assets, Field Service Management, Assets MRO).

By Application: Government and Utilities, Oil and Gas, Manufacturing, Healthcare, Transportation, Retail, BFSI, and Others.

By Organization Size: SME, Large Enterprises.

By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

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Key Takeaways

• Transportation is the fastest-growing application in the EAM market with a CAGR of 11.47% during the forecast period.

• The growing demand to adhere to strict regulatory compliances and the presence of a major number of players such as IBM Corporation, Oracle Corporation, Infor Inc. and others have been pushing the market in this region.

• Acquisition of companies to strengthen their capabilities in the North American region is set to drive the enterprise asset management market for a number of firms.

Enterprise Asset Management Market Segment Analysis - By Rotor Type

The Assets MRO segment is set to account for the largest share in 2023 and is growing at a CAGR of 7.1% in the forecast period. Assets Maintenance, Repair and Operations (MRO) is provided for asset-intensive industries for the purpose of fixing and replacing the assets. Assets MRO are widely adopted by organizations as they lead to cost reduction, primarily costs related to freight, loading, unloading, warehousing, service and maintenance fees, and inventory management costs. MRO also majorly focuses on supply and vendor support by evaluating the contracts directly with the manufacturer or with a distributor. Enterprise asset management plays a key role in the assets MRO application as it involves the maintenance, disposal, replacement and operation of the entire lifecycle including design, installation and procurement. In most organizations, MRO accounts for a significant share of the annual procurement budget, and MRO inventory includes everything in the infrastructure or organization including cleaning, laboratory and office supplies industrial equipment and plant upkeep supplies. The integration of EAM software along with the Asset MRO application has led to improved inventory procurement and management by analyzing the demand for the materials. Therefore, as asset MRO software applications are widely used in the asset-intensive industries it has led to enhance the growth of the enterprise asset management market.

Inquiry Before Buying

Enterprise Asset Management Market Segment Analysis - By Application

Transportation sector is expected to witness the highest CAGR of 11.5% in the forecast period. There has been increasing focus on the adoption of EAM solutions in the transportation industry as there is increasing pressure to control costs and maximize return on assets.  In 2023, Manufacturing held a major share of 20.76% in the Enterprise asset management (EAM) market in terms of revenue owing to an increase in the adoption of automation technology in those industries. For instance, in March 2022, the innovative cloud-based enterprise asset management (EAM) solution Aptean EAM is now available for manufacturing and other companies whose production is dependent on sophisticated machinery. Aptean is a worldwide supplier of mission-critical enterprise software solutions. The new solution offers enhanced enterprise resource planning (EAM) functionality in addition to operating as a stand-alone computerized maintenance management system (CMMS). Aptean company strengthened its position in the manufacturing sector with the transition of global enterprises towards industry 4.0 and smart manufacturing. This is poised to drive the market.

Enterprise Asset Management Market Segment Analysis - By Geography 

APAC is witnessing the fastest growth rate with a CAGR of around 10.1% during the forecast period 2024 to 2030 owing to high investments and growing deployment of automation technology. For instance, Geographically, in 2023, North America held a major share of 31.9% in the Enterprise Asset Management market in terms of revenue owing to the high adoption of automation and other advanced technologies. For instance, in November 2023, the acquisition of Nuvolo, a leader in contemporary cloud-based linked workplace and enterprise asset management products and solutions, was finalized by Trane Technologies, a global innovation in climate change. The acquisition broadens Trane Technologies' digital and software-as-a-service (SaaS) offerings in response to the rapidly increasing market for asset management and contemporary workplace solutions. Utilizing a single solution, Nuvolo Connected Workplace, which is based on the ServiceNowTM Platform, assists clients in modernizing facilities management, optimizing spaces, and managing the whole lifespan of organizational assets.

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Enterprise Asset Management Market Drivers

Increasing adoption of EAM solutions in end users such as oil and gas, manufacturing and others

In the Oil and Gas industry, there has been growing adoption of EAM solutions for various applications such as providing on-shore offshore data replication for real-time asset visibility, service management of oil field equipment, and project management. EAM is used to leverage big data for gaining significant insights from structured and unstructured data. In the Oil and Gas industry, communication and transparency help the supply chain which assists the business in understanding every facet of the extraction and production cycle. Additionally, the growing adoption of EAM solutions in the manufacturing sector boosts the demand of the market. With the emergence of Industry 4.0, maintenance has become a crucial part and companies have started to assess the advanced technologies to assist them go beyond traditional run-to-failure and preventive maintenance approaches. The digitization of asset management and raid development in technologies such as edge devices, SaaS-based tools, and others resulted in a significant increase in the adoption of EAM solutions in oil and gas and other manufacturing industries.

Growing demand for cloud-based EAM solutions

As the on-premise deployment of enterprise asset management solutions involves high capital investment and time, there has been a shift in focus toward the cloud-based deployment of EAM solutions. On-premise mode of implementation requires enterprises to make significant investments in finding the right servers, communication infrastructure, storage devices, and others. Furthermore, it requires skilled professionals in order to maintain the functioning of the system. On the other hand, cloud-based EAM solutions require little hardware which set to drive the market. Additionally, deployment of cloud-based EAM provides more reliability over on-premise mode more reliability with a cloud-based system as manual upgrades and installation of new features aren’t required. It also provides high data security and easy maintenance. These solutions make it easier for enterprises to gain business intelligence and optimize the use and value of enterprise asset management software and solutions, thereby driving the market.

Enterprise Asset Management Market Challenges

Security and Confidentiality Concerns

With the increasing digitization, there has been a significant rise in cyber-attacks. Therefore, data security has become a major challenge in small, medium, and large-sized enterprises. Implementation of new advanced digital technologies has become increasing and making their data vulnerable to risks. There is a substantial rise in cyber-security concerns with the transfer of data or information from the field to the cloud, as malicious ransomware can attack servers, networks, and communication channels, thereby restricting the growth of the market. Many companies are developing digital twin solutions in order to test and build various types of equipment for a virtual environment and predict asset conditions, and unplanned failure. They can reveal elements of Intellectual Property (IP), including details of automation and control systems operations. Therefore, service organizations from highly regulated industries restrict to adoption of modern enterprise asset management solutions, thereby hampering the growth of the market. Additionally, the adoption of cloud-based EAM solutions is an expensive approach. EAM cloud-based solutions can end up costing more than the one-off perpetual license fee expected with an on-premise solution. Subscription costs can add up with cloud-based EAM solutions. When the business expands, cloud-based software grows in capabilities, which results in extra costs. This is the major challenge that hampers the growth of the market. Data security is a major concern across organizations as data loss may cost the company a heavy amount and could reduce the brand image of the organization. Besides, if the implemented solution fails to address any of the parameters, it would impact the daily operations of enterprises and affect their workforce productivity, which may result in further capital loss, which hampers the market.

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Enterprise Asset Management Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Enterprise Asset Management market. Enterprise Asset Management's top companies include International Business Machines Corporation (IBM), SAP SE, Infor Pvt Ltd, Aveva Group, IFS AB, CGI Group, Intelligent Process Solutions, ABS Group, Wipro, Hexagon AB and Oracle Corporation among others

Acquisitions/Product Launches

• In August 2023, the developer of an AI-based time-series data analytics tool, Falkonry, has agreed to be acquired by enterprise resource planning (ERP) software provider IFS to expand its enterprise asset management (EAM) services offering.

• In April 2023, Trimble announced the launch of its newest enterprise asset management system to assist electric utilities worldwide in improving their operational performance and service reliability. Because Trimble Unity® AMS is based on Trimble's industry-leading Cityworks® enterprise asset management platform, utilities can use it to manage the full lifetime of their asset infrastructure, from construction and permits to operations, maintenance, and replacement.

[neha24blog]

Enterprise Asset Management Market Outlook On The Basis Of Deployment, Enterprise Size, End-Use, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 1 Sep 2023: The Report Enterprise Asset Management Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-premise), By Enterprise Size (Large Enterprise, Small & Medium Enterprise), By End-use, By Region, And Segment Forecasts, 2022 – 2030 The global enterprise asset management market size is estimated to reach USD 19.68 billion by 2030, according to a new study by…

[marketspace360]

Enterprise Asset Management Market  Trends, Leading Players and Forecast 2027

[blogaarti]

Enterprise Asset Management Market Size, Business Opportunities, Current Trends, Challenges, Analysis 2029

Enterprise asset management (EAM) is a set of processes and tools utilised by companies to track and manage their physical assets throughout their entire lifecycle. Enterprises leverage EAM to increase assets performance, reduce operational costs, and boost environment, health, and safety (EHS) initiatives. This has created a significant demand for EAM among enterprises, especially those whose major revenue is closely related to physical infrastructure. Additionally, the growing emphasis on enhancing the lifetime performance of assets, heavy reliance on infrastructure, and comprehensive data integration are also likely to unravel business opportunities for the enterprise asset management market. Furthermore, the demand for EAM integration and deployment, training, monitoring, consultancy, and upgrade services is likely to witness a sharp increase. Taken together, these factors are set to propel substantial growth across the global enterprise asset management market.

 For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/enterpris-asset-management-market

 IoT-enabled and AI-based Devices to Accelerate Growth Trajectory for Enterprise Asset Management Market

Of late, the growing adoption of IoT in smartphones and laptops has significantly increased. Smart cities are heavily relying on the integration of IoT-driven application along with EAM software. In smart cities, all crucial infrastructure is monitored and assessed. The integration of IoT with EAM has facilitated ease in identifying performance and controlling adjustments. Similarly, AI enhances decision-making through better data management. Asset managers have built AI models to curate, manage, and evaluate the huge volumes of data. These AI models possess enormous use-cases including chatbots, predictive behaviour analysis, hyper-personalisation, and voice assistance. Such next-level enhancements are contributing to the holistic growth of the enterprise asset management market.

 Rising Adoption of Cloud-based Applications to Lead Market to Maturity 

Oorganisations around the world are increasingly opting for cloud-based solutions to meet business-specific requirements. The deployment of cloud-based solutions has provided organisations with better control over data. Consequently, the risk of data loss and breached have come down significantly. In addition to this, the cloud deployment strategies by governments also have enhanced IT security, scalability, and speed, ensuring round-the-clock assistance. The growing need for adequate cloud storage, access, and management of companies' enormous data has boosted the demand for cloud-based EAM systems. Taken together, these aspects are predicted to unlock the fresh revenue streams for the global enterprise asset management market.

 North America to Sustain its Dominance Amid Thriving IT Infrastructure 

The increased R&D activities and robust investments in technology have created tailwinds for EAM preventative maintenance systems in North America. This aspect coupled with the presence of large EAM enterprises and numerous growing start-ups is ensuring the dominance of North America as a key regional market. Meanwhile, highly developed IT infrastructure, and growing use of asset lifecycle management solutions is contributing to the regional market growth. Such a favourable scenario is projected to drive sustainable and inclusive growth across the enterprise asset management market in North America. 

 Prominent Market Players 

Some of the major players in the global enterprise asset management market include Aladinme (UAE), InnoMaint Software (India), SAP (Germany), Infor (US), IFS (Sweden), Cheqroom (Belgium), Oracle (US), IBM (US), ABB (Switzerland), Intelligent Process Solutions (Germany), Limble (US), Redlist (US), TrackX (US), The Asset Guardian (Canada), GoCodes (US), and Fleetio (US).

 For More Information Visit: https://www.fairfieldmarketresearch.com/report/enterpris-asset-management-market

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

[informationandcommunication]

The growing demand to adhere to strict regulatory compliances and presence of major number of players such as IBM Corporation, Oracle Corporation, Infor Inc and others have been pushing the market in this region.

[aishavass]

Improved Return on Assets (ROA) achieved through adoption EAM solutions will be driving the demand for enterprise asset management solutions globally....

[maryharrisk5]

This market is primarily driven by the inclination of companies towards controlling cost with lesser maintenance and procurement expenses.

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Enterprise Asset Management Market - Forecast 2024-2030

Enterprise Asset Management Market Overview

The Enterprise Asset Management market is analyzed to grow at a CAGR of 8.1% during the forecast period to reach $4.3 billion by 2030. The major factor impacting the positive growth of the market is the adoption of cloud technologies in asset management solutions. The significant growth and adoption of new technologies such as IoT, industry 4.0, and so on are analyzed to create ample amount of opportunities for growth in enterprise asset management as they play a key role in asset tracking. Owing to the increasing demand for these advanced technologies due to the increased productivity and sustainability, a decrease in maintenance costs is set to bring down the deployment costs thereby impacting the high adoption rate and contributing to the growth of the market during the forecast period 2024-2030. Increasing adoption of advanced technologies in enterprises to assist them in tracking, assessing, managing and optimizing asset quality and reliability has created demand for enterprise asset management which is set to drive the market. The software applications such as linear assets digital, non-linear assets, field service management, assets MRO and others across various vendors. Services viz. managed services for enterprise asset management provide consistent operational management and predictable results. The managed services assist in system maintenance to keep it fully operational.

Report Coverage

The report: “Enterprise Asset Management Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Enterprise Asset Management market                                         

By Services and Software Applications: Services (Implementation, Managed Services, Training and Support); Software Applications (Linear Assets Digital, Non-Linear Assets, Field Service Management, Assets MRO).

By Application: Government and Utilities, Oil and Gas, Manufacturing, Healthcare, Transportation, Retail, BFSI, and Others.

By Organization Size: SME, Large Enterprises.

By Geography: North America (U.S, Canada, Mexico), South America (Brazil, Argentina, Chile, Colombia and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

Request Sample

Key Takeaways

• Transportation is the fastest-growing application in the EAM market with a CAGR of 11.47% during the forecast period.

• The growing demand to adhere to strict regulatory compliances and the presence of a major number of players such as IBM Corporation, Oracle Corporation, Infor Inc. and others have been pushing the market in this region.

• Acquisition of companies to strengthen their capabilities in the North American region is set to drive the enterprise asset management market for a number of firms.

Enterprise Asset Management Market Segment Analysis - By Rotor Type

The Assets MRO segment is set to account for the largest share in 2023 and is growing at a CAGR of 7.1% in the forecast period. Assets Maintenance, Repair and Operations (MRO) is provided for asset-intensive industries for the purpose of fixing and replacing the assets. Assets MRO are widely adopted by organizations as they lead to cost reduction, primarily costs related to freight, loading, unloading, warehousing, service and maintenance fees, and inventory management costs. MRO also majorly focuses on supply and vendor support by evaluating the contracts directly with the manufacturer or with a distributor. Enterprise asset management plays a key role in the assets MRO application as it involves the maintenance, disposal, replacement and operation of the entire lifecycle including design, installation and procurement. In most organizations, MRO accounts for a significant share of the annual procurement budget, and MRO inventory includes everything in the infrastructure or organization including cleaning, laboratory and office supplies industrial equipment and plant upkeep supplies. The integration of EAM software along with the Asset MRO application has led to improved inventory procurement and management by analyzing the demand for the materials. Therefore, as asset MRO software applications are widely used in the asset-intensive industries it has led to enhance the growth of the enterprise asset management market.

Inquiry Before Buying

Enterprise Asset Management Market Segment Analysis - By Application

Transportation sector is expected to witness the highest CAGR of 11.5% in the forecast period. There has been increasing focus on the adoption of EAM solutions in the transportation industry as there is increasing pressure to control costs and maximize return on assets.  In 2023, Manufacturing held a major share of 20.76% in the Enterprise asset management (EAM) market in terms of revenue owing to an increase in the adoption of automation technology in those industries. For instance, in March 2022, the innovative cloud-based enterprise asset management (EAM) solution Aptean EAM is now available for manufacturing and other companies whose production is dependent on sophisticated machinery. Aptean is a worldwide supplier of mission-critical enterprise software solutions. The new solution offers enhanced enterprise resource planning (EAM) functionality in addition to operating as a stand-alone computerized maintenance management system (CMMS). Aptean company strengthened its position in the manufacturing sector with the transition of global enterprises towards industry 4.0 and smart manufacturing. This is poised to drive the market.

Enterprise Asset Management Market Segment Analysis - By Geography 

APAC is witnessing the fastest growth rate with a CAGR of around 10.1% during the forecast period 2024 to 2030 owing to high investments and growing deployment of automation technology. For instance, Geographically, in 2023, North America held a major share of 31.9% in the Enterprise Asset Management market in terms of revenue owing to the high adoption of automation and other advanced technologies. For instance, in November 2023, the acquisition of Nuvolo, a leader in contemporary cloud-based linked workplace and enterprise asset management products and solutions, was finalized by Trane Technologies, a global innovation in climate change. The acquisition broadens Trane Technologies' digital and software-as-a-service (SaaS) offerings in response to the rapidly increasing market for asset management and contemporary workplace solutions. Utilizing a single solution, Nuvolo Connected Workplace, which is based on the ServiceNowTM Platform, assists clients in modernizing facilities management, optimizing spaces, and managing the whole lifespan of organizational assets.

Schedule a Call

Enterprise Asset Management Market Drivers

Increasing adoption of EAM solutions in end users such as oil and gas, manufacturing and others

In the Oil and Gas industry, there has been growing adoption of EAM solutions for various applications such as providing on-shore offshore data replication for real-time asset visibility, service management of oil field equipment, and project management. EAM is used to leverage big data for gaining significant insights from structured and unstructured data. In the Oil and Gas industry, communication and transparency help the supply chain which assists the business in understanding every facet of the extraction and production cycle. Additionally, the growing adoption of EAM solutions in the manufacturing sector boosts the demand of the market. With the emergence of Industry 4.0, maintenance has become a crucial part and companies have started to assess the advanced technologies to assist them go beyond traditional run-to-failure and preventive maintenance approaches. The digitization of asset management and raid development in technologies such as edge devices, SaaS-based tools, and others resulted in a significant increase in the adoption of EAM solutions in oil and gas and other manufacturing industries.

Growing demand for cloud-based EAM solutions

As the on-premise deployment of enterprise asset management solutions involves high capital investment and time, there has been a shift in focus toward the cloud-based deployment of EAM solutions. On-premise mode of implementation requires enterprises to make significant investments in finding the right servers, communication infrastructure, storage devices, and others. Furthermore, it requires skilled professionals in order to maintain the functioning of the system. On the other hand, cloud-based EAM solutions require little hardware which set to drive the market. Additionally, deployment of cloud-based EAM provides more reliability over on-premise mode more reliability with a cloud-based system as manual upgrades and installation of new features aren’t required. It also provides high data security and easy maintenance. These solutions make it easier for enterprises to gain business intelligence and optimize the use and value of enterprise asset management software and solutions, thereby driving the market.

Enterprise Asset Management Market Challenges

Security and Confidentiality Concerns

With the increasing digitization, there has been a significant rise in cyber-attacks. Therefore, data security has become a major challenge in small, medium, and large-sized enterprises. Implementation of new advanced digital technologies has become increasing and making their data vulnerable to risks. There is a substantial rise in cyber-security concerns with the transfer of data or information from the field to the cloud, as malicious ransomware can attack servers, networks, and communication channels, thereby restricting the growth of the market. Many companies are developing digital twin solutions in order to test and build various types of equipment for a virtual environment and predict asset conditions, and unplanned failure. They can reveal elements of Intellectual Property (IP), including details of automation and control systems operations. Therefore, service organizations from highly regulated industries restrict to adoption of modern enterprise asset management solutions, thereby hampering the growth of the market. Additionally, the adoption of cloud-based EAM solutions is an expensive approach. EAM cloud-based solutions can end up costing more than the one-off perpetual license fee expected with an on-premise solution. Subscription costs can add up with cloud-based EAM solutions. When the business expands, cloud-based software grows in capabilities, which results in extra costs. This is the major challenge that hampers the growth of the market. Data security is a major concern across organizations as data loss may cost the company a heavy amount and could reduce the brand image of the organization. Besides, if the implemented solution fails to address any of the parameters, it would impact the daily operations of enterprises and affect their workforce productivity, which may result in further capital loss, which hampers the market.

Buy Now

Enterprise Asset Management Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Enterprise Asset Management market. Enterprise Asset Management's top companies include International Business Machines Corporation (IBM), SAP SE, Infor Pvt Ltd, Aveva Group, IFS AB, CGI Group, Intelligent Process Solutions, ABS Group, Wipro, Hexagon AB and Oracle Corporation among others

Acquisitions/Product Launches

• In August 2023, the developer of an AI-based time-series data analytics tool, Falkonry, has agreed to be acquired by enterprise resource planning (ERP) software provider IFS to expand its enterprise asset management (EAM) services offering.

• In April 2023, Trimble announced the launch of its newest enterprise asset management system to assist electric utilities worldwide in improving their operational performance and service reliability. Because Trimble Unity® AMS is based on Trimble's industry-leading Cityworks® enterprise asset management platform, utilities can use it to manage the full lifetime of their asset infrastructure, from construction and permits to operations, maintenance, and replacement.

[evonnebaker]

Improved Return on Assets (ROA) achieved through adoption EAM solutions will be driving the demand for enterprise asset management solutions globally. North America is leading Enterprise Asset Management (EAM) market as most of the key market players are present in the USA

[feministdragon]

‘Financing represents the ultimate chokepoint,’ Christophers writes, ‘the point at which renewables development most often becomes permanently blocked.’ Investors aren’t choosing between ‘clean’ and ‘dirty’ electricity generation, but judging opportunities across a wide range of asset classes. Capitalists’ sole concern, as Marx observed, is how to turn money into more money, and it’s not clear that renewables are a very good vehicle for doing this, regardless of how cheap they are to run.

The problem, from the perspective of investors, is ‘bankability’. Investors want as much certainty as possible regarding future returns on their investments, or else they require a hefty premium for accepting additional uncertainty. The challenge for the renewables sector is how to persuade investors that they can make reliably high returns in a market with highly volatile prices, low barriers to entry and nothing to stabilise revenues. The very policies that were introduced to bring electricity costs down – marketisation and competition – have made the financial sector wary. Whenever renewables appear to be doing well, new providers rush in, driving down prices, and therefore profits, until investors get cold feet all over again.

What investors crave is price stability, or predictability at least. Risk is one thing, but fundamental uncertainty is another. Industries characterised by a high degree of concentration, longstanding monopoly power and government support are far easier to incorporate into financial models, because there are fewer unknowns. Judged in terms of decarbonisation, the most successful policies reviewed in The Price Is Wrong are not those which reduce the price of electricity, which would be in the interest of consumers, but those which stabilise it for the benefit of investors. Meanwhile, the extraction and burning of fossil fuels remains a more dependable way of making the kind of returns that Wall Street and the City have come to expect as their due. This is an industry with more dominant players, much higher barriers to entry, and which was largely established (and financed) long before the vogue for marketisation took hold.

Despite the exuberance over the falling costs of solar and wind power, Christophers doubts ‘whether a single example of a substantive and truly zero-support’ renewables facility ‘actually exists, anywhere in the world’. What’s especially galling is that, to the extent renewable electricity remains hooked on subsidies, this isn’t money that is ending up in savings for consumers, but in the profits of developers and the portfolios of asset managers. Paradoxically, the ideology that promoted free markets and a culture of enterprise (against conglomeration and monopoly) has enforced this sector’s reliance on the state. The lesson Christophers draws is that electricity ‘was and is not a suitable object for marketisation and profit generation in the first place’. Ecologically speaking, neoliberalism could scarcely have come at a worse time.

What can be done? It is clearly no good hoping that electricity markets will drive the energy transition, when it’s financial markets that are calling the shots. The option that has come to the fore in recent years, led by the Biden administration, is the one euphemistically called ‘de-risking’, which in practice means topping up and guaranteeing the returns that investors have come to expect using tax credits and other subsidies. The Inflation Reduction Act, signed by Biden in the summer of 2022, promises a giant $369 billion of these incentives over a ten-year period. This at least faces up to the fact that much of the power to shape the future is in the hands of asset managers and banks, and it is their calculations (and not those of consumers) that will decide whether or not the planet burns. There is no economic reason why a 15 per cent return on investment should be considered ‘normal’, and there is nothing objectively bad about a project that pays 6 per cent instead. The problem, as Christophers makes plain, is that investors get to choose which of these two numbers they prefer, and no government is likely to force BlackRock to make less money anytime soon. "

[solarpunkbusiness]

Between 1994 and 2002, local communities applied for forest-use rights in the Maya Biosphere Reserve (MBR), with a dozen of them receiving 25-year concessions from Guatemala’s National Council of Protected Areas. “Given that this is a biosphere reserve where forest conservation is the principal objective, this is something pretty unique,” said Stoian. “It was an experiment, and it could have gone wrong.”

 Guatemala’s central government originally wanted the region colonized by farmers, so it could be controlled and used for its resources. “The idea was not environmental,” she said. “But with the establishment of the Maya Biosphere Reserve in 1990, there was a switch in the government policy towards the region from agricultural to environmental.”   

Communities set up Community Forest Enterprises (CFEs) in the reserve’s Multiple Use Zone, which gave them the right to use and manage forest resources on an area of about 400,000 hectares. Concession holders were obliged to get Forest Stewardship Council certification within three years, which allowed them to legally harvest and sell mahogany (Swietenia macrophylla), a precious wood that is considered an endangered species, and therefore highly valuable in the certified timber market. That independent third party certification played an important role, said Stoian, in reassuring the government that the communities were complying with the Council’s sustainability requirements.

The CFEs are making significant investments in sawmills, machinery, and logging and wood-processing equipment. At the household level, their members are improving their homes, and increasing spending on health and education. “You see these positive feedback loops,” he said. “Virtually all of the younger generation now has access to secondary education and a higher number of them are studying in the capital.”

With households earning anywhere from USD500 to more than USD10,000 a year, he added, “that forest-based income ejects you out of poverty by any standard.”

[seoanalysistools250]

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[elsa16744]

Discover the Best Data Modeling Tools to Elevate Your Data Strategy 

In today's data-driven world, organizations increasingly rely on data modeling to turn raw data into valuable insights. As businesses accumulate vast amounts of data, the need for effective data modeling tools becomes crucial. These tools not only help in creating structured data models but also enable data architects and analysts to make informed decisions. Let's explore some of the best tools available in the market for data modeling that can transform your data management approach. 

What is Data Modeling? 

Data modeling is the process of creating a visual representation of a data system's structure, which includes defining the data elements and their relationships. This process aids in identifying how data will be stored, accessed, and utilized across various applications. By using data modeling, organizations can design efficient databases, minimize redundancy, and maintain data integrity, ultimately leading to better business decisions. 

Top Data Modeling Tools to Consider 

With a variety of tools available, selecting the right one for your business needs can be challenging. Below is a rundown of some of the most popular and effective data modeling tools used by professionals today: 

ER/Studio: Known for its powerful data modeling capabilities, ER/Studio offers a comprehensive suite for designing, documenting, and managing data models. It supports both logical and physical data modeling and integrates well with major databases. 

ERwin Data Modeler: A leader in the market, ERwin Data Modeler provides a user-friendly interface and supports collaboration among teams. It offers robust data governance features, ensuring consistency and compliance across data assets. 

IBM InfoSphere Data Architect: This tool is ideal for enterprises needing extensive data integration and modeling capabilities. It offers a range of features, such as automated data modeling, data mapping, and reverse engineering, making it suitable for complex data environments. 

Toad Data Modeler: A flexible solution for both novice and experienced data architects, Toad Data Modeler supports multiple databases and allows for efficient data model creation, validation, and modification. It also provides powerful visualization tools for easier data understanding. 

PowerDesigner: Developed by SAP, PowerDesigner offers robust capabilities for data modeling, enterprise architecture, and data governance. It is particularly useful for organizations that rely heavily on SAP environments. 

Choosing the Right Data Modeling Tool 

The right data modeling tool can significantly impact how effectively an organization manages its data. When selecting a tool, consider factors such as ease of use, integration with existing systems, scalability, and support for different database platforms. Additionally, think about your organization's specific data modeling needs—whether you require a tool for simple data models or a comprehensive solution for complex data environments. 

Why Invest in Data Modeling Tools? 

Investing in effective data modeling tools offers several benefits. These tools help in designing and managing data systems that are scalable, efficient, and aligned with business objectives. They also enhance collaboration among data professionals, reduce errors, and ensure data consistency and accuracy. As data continues to grow in volume and complexity, the importance of robust data modeling tools becomes even more pronounced. 

Conclusion 

Data modeling is an essential practice for organizations that aim to harness the power of their data. With the right data modeling tools, businesses can design effective data architectures that support their strategic goals, drive innovation, and provide a competitive edge in the market. By understanding your organization's unique data needs and selecting the most suitable tools, you can optimize your data management processes and unlock new insights from your data.