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Portfolio Strategy With AVEVA’s EVP Portfolio Management Kim Custeau

May 2, 2025
in Metaverse
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In a quiet room, away from the hustle and bustle of business innovators at AVEVA World 2025, I sat down with Kim Custeau, the Government Vice President of Portfolio Administration at AVEVA.

Keen to start our dialog, Kim clarified her function at AVEVA. She defined her accountability to make sure that AVEVA’s choices align with buyer calls for in an ever-evolving market by investing in client-focused options. “At AVEVA, I’m accountable for portfolio technique, aligning the enterprise targets with the precise merchandise and adjustments. We give attention to defending and nurturing our present buyer base whereas additionally investing in new options,” she mentioned.

One of many key options Kim talked about is CONNECT, AVEVA’s flagship industrial intelligence platform. This platform supplies on-demand cloud companies, enabling groups worldwide to collaborate in real-time throughout numerous industrial ecosystems. As an efficient device for predicting outcomes and bettering effectivity, CONNECT permits customers to share trade knowledge on the cloud, enhancing workflow fashions and driving digital transformation throughout sectors reminiscent of manufacturing, marine, and power.

CONNECT provides a complete view of business knowledge to deal with essential ache factors that hinder effectivity. By integrating accomplice purposes with AVEVA’s proprietary software program, CONNECT delivers a big selection of digital options inside a single platform, bettering industrial workflows and creating interoperability between software program purposes for the good thing about clients. Kim elaborated, “We goal to create an open and agnostic platform, seamlessly integrating AVEVA software program and third-party options. This ensures that all the things plugs in and works collectively easily.”

For customers, CONNECT simplifies the method: with a single click on, clients can publish their industrial knowledge to the cloud, permitting third events easy accessibility by way of user-friendly API integration and a neighborhood characteristic that facilitates sharing insights and knowledge.

For example the real-world affect of knowledge sharing by way of CONNECT, Kim shared an instance involving a mining buyer in South Africa. “Our resolution permits them to push knowledge to the cloud, granting their service suppliers and companions entry to essential info and enabling enhanced gear efficiency evaluation. Within the mining trade, knowledge sharing by way of our platform empowers specialists—reminiscent of universities in South Africa—to offer insights that assist your entire trade function extra successfully.”

Information high quality is paramount for CONNECT and data-driven software program options on the whole; poor-quality knowledge results in subpar outcomes, whereas high-quality knowledge yields useful insights for stakeholders. CONNECT supplies context to knowledge from a number of linked programs, enabling better-informed selections. For instance, integrating temperature, course of, and engineering knowledge provides stakeholders a broader context for fixing particular industrial issues.

AVEVA has a big affect on numerous industrial sectors; nevertheless, Kim expressed a need to see the corporate broaden additional into industries reminiscent of marine, notably shipbuilding. “Doing extra within the marine sector means forging stronger partnerships, amplifying our message, and integrating deeper into shipyard operations,” she said. Increasing AVEVA’s “45% market share in ship design” is a high precedence, together with specializing in key sectors and knowledge facilities the place AVEVA software program can handle essential challenges in high quality and power effectivity purposes.

Trying forward, AVEVA plans to incorporate purposes from each its personal choices and people of companions on the CONNECT platform, additional rising the worth it supplies to clients. As we wrapped up our dialog, Kim mirrored on her 40 years with the corporate, describing her expertise at AVEVA World because the “finest week of the 12 months,” a sentiment I may simply see throughout my quick time on the occasion.



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Tags: AVEVAsCusteauEVPKimManagementPortfoliostrategy
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