{"id":6847,"date":"2020-10-07T11:32:59","date_gmt":"2020-10-07T11:32:59","guid":{"rendered":"https:\/\/web3unplugged.io\/blog\/?p=6847"},"modified":"2020-10-07T11:33:17","modified_gmt":"2020-10-07T11:33:17","slug":"aspen-technology-delivers-new-industrial-ai-solutions-to-accelerate-the-journey-to-the-self-optimizing-plant","status":"publish","type":"post","link":"https:\/\/web3unplugged.io\/blog\/aspen-technology-delivers-new-industrial-ai-solutions-to-accelerate-the-journey-to-the-self-optimizing-plant\/","title":{"rendered":"Aspen Technology Delivers New Industrial AI Solutions To Accelerate The Journey To The Self-Optimizing Plant"},"content":{"rendered":"\n

Aspen Technology, Inc.<\/a> (NASDAQ:AZPN), a global leader in asset optimization software, announced the general availability of the aspenONE\u00ae 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.AspenTech\u2019s Industrial AI solutions democratize the application of AI where it can deliver most value and is a vital step towards the Self-Optimizing Plant<\/a>.<\/p>\n\n\n\n

\u201cAspen Hybrid Models\u2122 are a major advance in the field of chemical engineering. Hybrid models are a major step forward in bringing together AspenTech\u2019s process models and machine learning and are a game changer in process engineering and plant improvement,\u201d said Dr. Karuna Potdar, Vice President, Technology Centre of Excellence, Reliance Industries Limited.<\/p>\n\n\n\n

aspenONE\u00ae V12 solutions have the first Industrial AI hybrid model capabilitythat is purpose-built for the process industries and other capital-intensive industries. Aspen Hybrid Models\u2122capture data from assets across the enterprise, and then applyAI,  engineering first principles and AspenTech\u2019s domain expertise to deliver comprehensive, more accurate models at enterprise speed and scale. With AspenTech\u2019s four decades of knowledge about the unique challenges of building solutions for process industries and other capital-intensive industries, aspenONE\u00ae 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.<\/p>\n\n\n\n

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. The new solutions in aspenONE\u00ae V12 address these unique 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.<\/p>\n\n\n\n

\u201cThe process industries and other capital-intensive industries are experiencing new levels of volatility in supply and demand, and the need to be agilein response to all market conditions requires a new approach to asset optimization,\u201d said Antonio Pietri, President and CEO, Aspen Technology. \u201cIn addition, they face higher expectations for efficiency and profitability, and increasing pressure to meet sustainability targets. This next generation of Industrial AI solutions will change how process industries work. The Self-Optimizing Plant represents the future of operational excellence, and we continue our commitment to innovate and deliver solutions that can accelerate our customers\u2019 journey toward it.\u201d<\/p>\n\n\n\n

According to Peter Reynolds, Senior Analyst, ARC Advisory Group, \u201cAI has the potential to enhance many industrial work processes; however, most companies are not well-equipped to bolton AI themselves. AspenTech\u2019s 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.\u201d<\/p>\n\n\n\n

Francesco Mura, Digital Platform Manager, Process and Technology for Saras, sees the advantage for updating planning models,\u201cAspen Hybrid Models\u2122provide very efficient nonlinear planning model generation, taking information from Aspen HYSYS rigorous refining reactor models and offering a great deal of promise as a new approach for updating planning models.\u201d<\/p>\n\n\n\n

New Features of aspenONE\u00aeV12software include:<\/strong><\/p>\n\n\n\n