Aspen Technology Introduces New Software Updates Enabling Customers to Achieve Advanced Levels of Operational Excellence
November 14 2023 - 8:00AM
Business Wire
Sustainability innovation, industrial AI-based
models, industrial data management and new product integrations
highlight latest capabilities in aspenONE®
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in
industrial software, today introduced new performance and
sustainability capabilities available in aspenONE®, the company’s
portfolio of asset optimization solutions, spanning design,
operations and maintenance. Designed to accelerate customer
digitalization strategies and help customers achieve advanced
levels of operational excellence, the new capabilities progress net
zero initiatives, empower engineers with enhanced AI, improve asset
health and performance, enable customers to achieve an integrated
enterprise data management system and more.
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AspenTech’s newest release of aspenONE
expands its library of sample models with 140 options to drive
faster time-to-market for new sustainability technologies.
(Graphic: Business Wire)
“AspenTech is committed to innovating with our customers and
developing solutions to close the gap between available technology
today and what is needed to achieve net zero,” said Rasha Hasaneen,
Chief Product and Sustainability Officer at AspenTech. “Optimizing
for efficiency and sustainability across operations is critical and
these new capabilities make it easier for customers to overcome
this challenge.”
New aspenONE updates help customers more quickly develop and
implement reliable, impactful sustainability solutions. Updates
also enable customers to extract insights based on operational data
from across the enterprise, resulting in reduced inefficiencies and
improved operational performance. Key among the new updates are an
expanded set of models incorporating AI, as well as a number of
integrations providing comprehensive access to operational
technology (OT) data.
Sustainability Models with Industrial AI
As customers progress toward their net zero goals, the ability
to ensure accuracy in their sustainability solutions and tackle
complex problems is critical. AspenTech’s modeling capabilities
address both these challenges with new and expanded updates,
including:
- AspenTech’s library of sustainability sample models now
contains more than 140 options to drive faster time-to-market for
new processes and technologies. Incorporating industrial AI, the
models help overcome execution barriers for sustainability
projects, improve economics and support investments.
- New high-fidelity models increase hydrogen and carbon capture
model accuracy, extend from design into operations, and recalibrate
based on changing process conditions.
- Support for green hydrogen initiatives is now available with
out-of-the-box electrolyzer models that help ensure safe operations
of key equipment.
Integrated Enterprise Data Management
A holistic data management strategy is the foundation of
ensuring a successful digital transformation journey. Customers
need flexibility and scalability to access and analyze huge amounts
of data being generated throughout their organizations. To further
help achieve this, aspenONE now includes new integrations to help
customers centrally manage enterprise OT data aggregation,
including:
- AspenTech Inmation™, the company’s centralized data management
system now seamlessly connects to its historian, Aspen
InfoPlus.21®, and its data visualization solution, aspenONE Process
Explorer™ (A1PE), to more easily identify inefficiencies,
bottlenecks and production challenges from across the
organization.
- AspenTech’s asset performance management solution, Aspen
Mtell®, now includes out-of-the-box integration with AspenTech
Operational Insights™ that provides configurable dashboards to
inform strategy, optimize resource allocation and improve
performance.
- In addition, AspenTech Inmation™ for Aspen Mtell® provides
native connectivity for quick integration with multiple, high
volume data sources to enhance asset performance management and
drive customers’ reliability programs.
“AspenTech’s new release of aspenONE demonstrates breakthrough
innovation with multiple AI-powered software enhancements designed
to help industrial customers achieve operational excellence,” said
Peter Reynolds, Principal Analyst, ARC Advisory Group. “AspenTech
customers can now use their reconciliation and accounting software
to track plant wide GHG emissions accurately and consistently to
lower their carbon intensity. Moreover, the capabilities in this
release make it easier to progress sustainability initiatives with
sample models for carbon capture, hydrogen, battery recycling and
more.”
To learn about all new products and capabilities, visit our
release page.
About AspenTech
Aspen Technology, Inc. (NASDAQ: AZPN) 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 capital-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, aspenONE, AspenTech
Inmation, Aspen InfoPlus.21, aspenONE Process Explorer, Aspen
Mtell, AspenTech Operational Insights, and the Aspen leaf logo are
trademarks of Aspen Technology, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114855716/en/
Media Stephanie Jackman AspenTech +1 781-221-1965
Stephanie.Jackman@aspentech.com
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