AspenTech Transforms IIoT Data into Actionable Insights
June 07 2018 - 9:00AM
Business Wire
Delivering Industrial Application
Infrastructure to Drive Operational Excellence and Reliability in
Asset-Intensive Industries
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, today announced that it will deliver Industrial
Internet of Things (IIoT) advanced analytics and machine learning
applications on Microsoft Azure. AspenTech will extend the reach of
aspenONE® Asset Performance Management (APM) software to new assets
and data sources across the enterprise with Aspen Edge Connect and
Aspen Cloud Connect software. Now available in the latest aspenONE
Version 10.1 release, Aspen Edge Connect and Aspen Cloud Connect
capture and aggregate critical data from assets and data sources
throughout the plant and across the enterprise.
AspenTech will combine this reliable edge and enterprise
connectivity with Azure to provide capital-intensive companies with
a scalable, trusted, high-performance data analytics environment
that delivers the accurate and actionable insights needed to
optimize asset, plant and enterprise performance and
reliability.
The alignment of AspenTech and Microsoft’s technology and
expertise delivers on the IIoT promise to connect assets, measure
their performance and improve business outcomes. With the ability
to automate complex analyses and workflows, critical insights into
the data relationships between assets and processes are revealed,
enabling companies in capital-and asset-intensive industries to
maximize uptime and availability while minimizing maintenance
costs.
“Stranded assets that are hard to reach, older assets with
outdated controls and assets with limited connectivity require an
IIoT solution that leverages flexible, economical and scalable edge
technology, avoiding costly rip-and-replace upgrades,” said John
Hague, Senior Vice President and General Manager, AspenTech APM.
“Real-time asset connectivity and system-level views of asset
performance data are critical for making informed business
decisions and add further value to the asset optimization solutions
we offer customers today. With Microsoft Azure, AspenTech is giving
customers the option and advantages of low-cost, scalable edge
computing and data analytics in the cloud as well as on-premises.
We are continuing to deliver rapidly deployed, low-touch Asset
Performance Management solutions that offer quick time to value and
drive increased reliability.”
Çağlayan Arkan, General Manager, Worldwide Manufacturing and
Resources Industry at Microsoft Corp. said, “Aspen Technology,
combined with Microsoft Azure, connects critical assets to the
enterprise, helping manufacturing and other industrial customers
realize the benefits of digital transformation and IIoT. Combining
AspenTech’s asset optimization solutions with the global scale of
Azure will enable customers to achieve high levels of operational
excellence.”
Supporting Resources
- aspenONE V10.1 Software
- Aspen Connect
- Aspen Edge Connect and Aspen Cloud
Connect Software Now Available in aspenONE® V10.1 Software
- AspenTech Acquires Industrial Internet
of Things Cloud-based Software and Edge Connectivity Assets of
RtTech Software Inc.
About AspenTechAspenTech 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.
© 2018 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen Mtell, Aspen Edge Connect and Aspen Cloud Connect
are trademarks of Aspen Technology, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20180607005111/en/
Aspen Technology, Inc.Amanda McCarthy, +1
781-221-6806amanda.mccarthy@aspentech.com
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