Aspen Technology Helps Companies Address Generational Workforce Shifts with Industry Domain Training Program
August 10 2023 - 8:00AM
Business Wire
Comprehensive Curriculum Helps Address Skills
Gaps in New Workforce
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in
industrial software, today introduced an industry domain training
program for companies in asset-intensive industries who are
onboarding recently-graduated engineers. The comprehensive program
is designed to enable new process engineers, control engineers,
reliability engineers, supply chain planners, cost estimators and
others to build industry-specific competencies within each of these
roles.
AspenTech created the program specifically to help industrial
companies navigate considerable gaps in industry domain knowledge
as specialized senior engineers retire and a new generation enters
the workforce. For example, in a recent survey entitled Gaps in the
Energy Workforce, conducted by the Center for Energy Workforce
Development, there is a considerable increase in younger
populations (younger than 32) within the energy workforce,
including 43% of technicians and 25% of engineers.
“To keep up with a dramatically shifting workforce and the
related market demands, it is crucial that companies build and
retain organizational competency,” said David Reumuth, Sr.
Director, Customer Support and Training, AspenTech. “Last fall,
AspenTech introduced a sustainability-specific training program.
This is now complemented with a broader curriculum that prepares
new engineers to more quickly develop industry-specific
competencies required to succeed in the process industries. This
program helps companies achieve operational excellence and
positions their new-generation workforce to address their
operational business challenges.”
The curriculum was designed in partnership with leading domain
experts, such as Becht, a 60-year-old engineering services company
serving energy, chemicals, power and alternative energy industries,
to offer integrated process, refining, and chemicals domain
practice for a holistic, real-world learning experience. More than
1000 users from 150+ companies across the globe have already
completed the training.
This initial curriculum is available in both virtual and live
classroom settings and all courses are led by industry domain
experts who have decades of hands-on experience. Participants gain
process-specific knowledge required for their roles and have the
opportunity to consult with industry experts about their unique
process challenges. When surveyed by AspenTech, 99% of new
workforce attendees say this type of training should be required
when entering the process industries and 96% say they are better
prepared to do their jobs because of the training.
About Aspen Technology
Aspen Technology (AspenTech) is a global software leader helping
industries at the forefront of the world’s dual challenge meet the
increasing demand for resources from a rapidly growing population
in a profitable and sustainable manner. AspenTech solutions address
complex environments where it is critical to optimize the asset
design, operation and maintenance lifecycle. Through our unique
combination of deep domain expertise and innovation, customers in
asset-intensive industries can run their assets safer, greener,
longer and faster to improve their operational excellence. To learn
more, visit AspenTech.com.
© 2023 Aspen Technology, Inc., AspenTech, and the Aspen leaf
logo are trademarks of Aspen Technology, Inc. All rights
reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230810039814/en/
Media Len Dieterle AspenTech +1 781-221-4291
Len.Dieterle@aspentech.com
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Apr 2024 to May 2024
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From May 2023 to May 2024