Embedded AI Technology Accelerates Plant Transformation

Oct. 20, 2020
Aspen Technology delivers new industrial AI offerings to accelerate the journey to the self-optimizing plant.

Aspen Technology, Inc., developer of asset optimization software, announces the general availability of the aspenONE V12 software release, which embeds artificial intelligence (AI) across the portfolio and uses the cloud for delivery of enterprise-wide analytics and insights for increased safety, sustainability and improved margins, according to the company. AspenTech’s industrial AI offerings democratize the application of AI where it can deliver most value and is a vital step towards the self-optimizing plant.

aspenONE V12 offerings reportedly have the first industrial AI hybrid model capability that is purpose-built for the process industries and other capital-intensive industries. Aspen Hybrid Models capture data from assets across the enterprise and then apply AI, engineering first principles and AspenTech’s domain expertise to deliver comprehensive, more accurate models at enterprise speed and scale, according to the company. aspenONE V12 enables customers to apply AI to critical processes without additional data science expertise and offers better support for new users without deep process knowledge or experience.

The process industries have embraced digital transformation to drive operational excellence and innovation as they respond to meet the needs of growing populations and expectations for sustainability, according to AspenTech. The new offerings in aspenONE V12 reportedly address these challenges with better modeling accuracy, greater insights and improved total cost of ownership that can support evolving business needs and take advantage of the new digital native workforce.

According to Peter Reynolds, senior analyst, ARC Advisory Group, “AI has the potential to enhance many industrial work processes; however, most companies are not well-equipped to bolt on AI themselves. AspenTech’s industry-specific applications with embedded AI will help companies accelerate transformation. While other technology strategies require asset owners to invest in complex platforms and data scientists, with embedded AI, users can get started right away improving margins and profitability.”

For more information, visit: www.aspentech.com

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