AspenTech Executes on Asset Optimization Strategy at OPTIMIZE™ 2017 Conference
April 25 2017 - 9:00AM
Business Wire
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, today marked its commitment to continued industry
innovation and transformation at OPTIMIZE™ 2017. At the company’s
biennial customer event, top leaders and experts discussed
AspenTech’s groundbreaking innovations that are helping companies
in complex, industrial environments increase reliability and build
sustainable competitive advantage by delivering high returns over
the entire design, operate and maintain asset lifecycle.
AspenTech’s Asset Performance Management track sessions at
OPTIMIZE 2017 showcase how the company’s execution of its asset
optimization strategy is delivering significant value and
sustainable performance improvements. Leading global chemical firms
Chevron Phillips Chemical, EQUATE Petrochemical Company, Evonik
Industries, INVISTA, and LyondellBasell will share their
objectives, achievements and plans for asset analytics, root cause
analysis, pattern matching and machine-learning in a customer panel
moderated by ARC Advisory Group.
Additional customer success presentations include The Dow
Chemical Company’s use of Aspen Fidelis Reliability software to
quantify significant value creation opportunities, and Evonik’s
successful industrial test case using AspenTech root cause
analytics capabilities to identify sources of process disruptions.
An Aspen Mtell® software predictive analytics success story
highlights the reliability improvements achieved by CSX Railroad
Mechanical.
AspenTech’s 35-plus years of process modeling expertise,
combined with big data machine-learning, help predict and address
the root causes of process induced equipment failures causing over
80 percent of unplanned downtime, allowing the most critical
industrial assets to run as closely as possible to their
performance limits. The aspenONE® Asset Performance Management™
suite expands the aspenONE portfolio from engineering,
manufacturing & supply chain into maintenance and operations to
address key business challenges that include process disruptions,
low asset availability and unplanned downtime, enabling companies
to optimize throughout the entire asset lifecycle.
Supporting Quotes
Antonio Pietri, Chief Executive Officer & President,
AspenTech“We are pleased to present the continued execution of
AspenTech’s Asset Optimization strategy, announced at OPTIMIZE 2015
and made a reality at OPTIMIZE 2017. Together, AspenTech and global
leaders in complex, capital-intensive industrial environments will
extend optimization’s reach by pushing the boundaries of what is
possible in design, running to the limits of performance in
operations, and maximizing uptime with actionable insights into the
maintenance management lifecycle.”
Peter Reynolds, Senior Analyst, ARC Advisory Group“An essential
ingredient for industrial transformation is the application of
machine learning and predictive analytics to help improve plant
uptime and asset availability. The next wave of improvements in
asset performance will be led by innovations to operational and
process engineering, and process optimization, and provided by
domain experts with deep knowledge of the process, and the assets,
and the systemic interaction between the two areas.”
Supporting Resources
- aspenONE V9.1 Software
- aspenONE Asset Performance
Management
- OPTIMIZE 2017
About AspenTech
AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. AspenTech uniquely combines
decades of process modeling expertise with big data
machine-learning. Our purpose-built software platform automates
knowledge work and builds sustainable competitive advantage by
delivering high returns over the entire asset lifecycle. As a
result, companies in capital-intensive industries can maximize
uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com to find out
more.
© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen Fidelis Reliability, Aspen Mtell and OPTIMIZE are
trademarks of Aspen Technology, Inc. All rights reserved. All other
trademarks are property of their respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170425005097/en/
Aspen Technology, Inc.AspenTechErin Clarke, +1
781-221-1919erin.clarke@aspentech.com
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