Why Aveva is a top ESG fund manager favourite

The industrial world – spanning the realms of oil and gas, marine and mining, among others – is still in the early stages of going digital. Hardly surprising, given that its areas of operation are extremely complex. However, fuelled by the rise of data visualisation, artificial intelligence and the ‘internet of things’ – as well as pressures to reduce costs and environmental impact while boosting output – industrial companies are making increasing use of technology. That presents a huge opportunity for Aveva (AVV), which has an addressable market that is estimated to be worth £15bn.