400% ROI and $21.6M of total benefits from Cognite Data Fusion®
Forrester Consulting conducted a Total Economic Impact™ (TEI) study that examines the potential return on investment (ROI) and business benefits asset-heavy industrial organizations can expect from deploying Cognite’s Industrial DataOps platform, Cognite Data Fusion®.
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Value of Cognite Data Fusion® at a glance
$26.95M
Benefits present value
$21.56M
Net present value
400%
Return on investment
14 months
Payback period
"We were able to reduce the number of people and the time they spent in potentially hazardous areas."
VP of Data Governance
Oil and gas
“We are saving $1 million because we now have real-time data on equipment deployment.”
Senior VP of Digitalization
Marine geophysics
“With Cognite, we can see a 3D model of the facility and tie that into a database that monitors the condition of each piece of equipment.”
Data analytics manager
Oil and gas
Enable simple access to complex industrial data
Derived from first-person research and interviews across Cognite's customer base in oil and gas, manufacturing, power and cleantech, the study provides strong evidence that solving the industrial data problem is critical in realizing value from industrial digitalization efforts.
Without Cognite Data Fusion®
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Multiple data repositories
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Lack of data contextualization
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Incomplete dashboards and analytics
With Cognite Data Fusion®
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Single operational, data-focused repository
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Fully contextualized industrial data
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Improved data visibility and accessibility
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Solutions automated and scaled across industrial facilities
Summary of benefits
Unlock 400% ROI from streamlined APM workflows, improved SME productivity, optimized maintenance programs, and real-time data efficiencies with Cognite Data Fusion®.
Improved SME efficiency
$1.5M
Revenue gains arising from shorter shutdown period
$4.8M
Real-time data efficiencies
$2.3M
Optimized planned maintenance programme
$4.3M
Energy efficiency savings
$5.1M
Optimization of heavy machinery and industrial work-flow
$9.0M
Summary of benefits, three-year risk-adjusted
Download the study for free
See how Cognite Data Fusion® can solve your industrial data problem.
Readers should be aware of the following: This study is commissioned by Cognite and delivered by Forrester Consulting. It is not meant to be used as a competitive analysis. Forrester makes no assumptions as to the potential ROI that other organizations will receive. Forrester strongly advises that readers use their own estimates within the framework provided in the study to determine the appropriateness of an investment in Cognite Data Fusion. Cognite reviewed and provided feedback to Forrester, but Forrester maintains editorial control over the study and its findings and does not accept changes to the study that contradict Forrester’s findings or obscure the meaning of the study. Cognite provided the customer names for the interviews but did not participate in the interviews.
Recommended next steps
On-demand webinar
A Forrester Deep Dive into the Total Economic Impact™ of Cognite Data Fusion®
On-demand
Cognite Asset Performance Management Product Tour 2023
Cognite Value Review