AspenTech Expands Application of Industrial AI to Achieve New Profitability and Sustainability Goals
May 11 2021 - 9:00AM
Business Wire
Expands leadership in Industrial AI with Hybrid
Models, Deep Learning APC and Empowers Data Scientists to
Collaborate with Domain Experts
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset
optimization software, today announced that it has extended
Industrial AI across its leading solutions to drive higher levels
of profitability and sustainability in customer operations. In
addition, the Industrial AI Workbench will enable data scientists
to collaborate with domain experts to develop AI apps based on
enterprise-wide data.
With First Principles Driven Hybrid Models, AI is directly
embedded into Aspen HYSYS and Aspen Plus process simulations,
enabling engineers to easily build operations-ready models
calibrated with relevant plant data. Reduced Order Hybrid Models
can be shared across engineering, planning and dynamic optimization
solutions to improve the accuracy and predictability of these
applications. Deep Learning APC can deliver more accurate and
sustainable models that cover a broad range of operating
conditions. Together, these advanced capabilities deliver the next
generation of operational excellence. According to Peter Reynolds,
Principal Analyst with ARC Advisory Group, "The use of First
Principles Models acting as guardrails for the use of AI in
industrial markets is key for success."
“Using the hybrid model, we were able to create a model that can
reproduce real plant data more accurately than the conventional
reformer model. We were able to create a highly accurate model in a
short period of time,” commented Mr. Takuto Nakai, Production
Department, Nissan Chemical Corporation.
Also new to this latest version of aspenONE V12.1 are new models
that will enable customers to optimize biomass processing, hydrogen
production, carbon capture, and carbon emissions more accurately
and systematically, focused on reducing environmental impact. In
addition, new analysis and visualization capabilities can help to
reduce measurable waste and energy use, throughout the process from
lab to production.
AI-driven 3D conceptual layouts with the introduction of Aspen
OptiPlant and Aspen OptiRouter are now integrated into the
AspenTech portfolio. For industries such as pharmaceuticals with
pressure for a faster time to market, Aspen Unscrambler, Aspen
Unscrambler HSI and Aspen Process Pulse ensures product and process
quality by solving complex problems using multivariate analysis to
drive more profitable processes, less deviation and higher
yield.
According to Janice Abel, Principal Analyst with ARC Advisory
Group, “The deep domain expertise embedded into the AspenTech V12.1
products and its focus on embedding Industrial AI from design
through the entire supply chain offers a powerful solution that
will help unlock the untapped business value in industrial
data.”
“We continue to add Industrial AI across our portfolio of
solutions to automate greater efficiency across engineering,
operations and maintenance, to progress the vision of the
Self-Optimizing Plant,” commented David Arbeitel, senior vice
president of product management at Aspen Technology. “The AI
workbench solution enables operations and data scientists to better
collaborate for business-specific needs. The combination of
industry specific application knowledge and asset optimization
expertise gives AspenTech customers the assurance that their AI
initiatives will yield safe, reliable and efficient
operations.”
The aspenONE V12.1 release further improves margins, improves
asset uptime and reliability, and maximizes utilization of assets
with AspenTech’s end-to-end solutions. Companies can accelerate
their digitalization journey and leverage Industrial AI to make
progress toward the Self-Optimizing Plant while increasing margins,
achieving sustainability and reliable, safe operations, and
reducing capital cost and time in bringing assets online.
New Features of aspenONE® V12.1 software include:
- Aspen HYSYS® and Aspen Plus®: Embedded machine learning
to easily calibrate models ready to be deployed in operations;
Models tuned to reality with improved time-to-value.
- Aspen Deep Learning for DMC3™: combines linear and
nonlinear (deep learning) control variables that are easy to update
and augment with new data to generate more accurate and sustainable
models to run closer to optimum level across entire lifecycle.
- Aspen OptiPlant™ and OptiRouter™: Automatically generate
3D layouts for design, with AI-driven optimum pipeline routing, and
broader visibility increasing collaboration for reduced costs,
errors, variances and faster concept selection.
- Aspen Unscrambler™ and Aspen Process Plus™: Accelerate
product development and ensure product quality, while maintaining
regulatory compliance with Aspen Unscrambler and Aspen Process
Pulse. Each provides pharmaceutical companies with full process
understanding and control of data from product development to
production for more profitable processes, less deviations, reduced
cycle times, and higher yields.
- Reduced Order Hybrid Models for Aspen Unified PIMS™ and
GDOT™: Automate workflow for maintaining planning model
accuracy and enable optimization of complex process units in closed
loop with reduced order models that provide a consistent workflow
spanning process engineering, data science, planning and APC.
- Aspen Mtell™: Enables data scientists to
collaborate with domain experts with integration with Aspen AIoT
Hub. In addition, Aspen Mtell native OPC UA support enables broader
coverage and easier connections across enterprise deployments.
- Aspen Industrial AI Workbench™: Enable domain experts
with data analytics with a no-code Visual Query Builder and gain
fast-time to insights with out-of-the-box Analytics libraries.
Empower citizen data scientists with Advanced Analytics libraries
such as Anomaly Detection and Scoring and seamlessly share insights
through configurable dashboards and application enablement.
To learn more, visit our website.
About Aspen Technology Aspen Technology (AspenTech) is a
global leader in asset optimization software. Its solutions address
complex, industrial environments where it is critical to optimize
the asset design, operation and maintenance lifecycle. AspenTech
uniquely combines decades of process modelling expertise with
artificial intelligence. Its 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 safer, greener, longer and faster. Visit AspenTech.com
to find out more.
© 2021 Aspen Technology, Inc. AspenTech, aspenONE®, the Aspen
leaf logo, Aspen Hybrid Models™, Aspen HYSYS™, Aspen Deep-Learning
IQ™, AspenPlus™, Aspen Industrial AI Workbench™, Reduced Order
Hybrid Models for Aspen Unified PIMS™ and GDOT™, Aspen OptiPlant™
and OptiRouter™, Aspen Unscrambler™, Aspen Process Plus™, Aspen
Deep Learning for DMC3™, and Aspen Mtell® are trademarks of Aspen
Technology, Inc. All rights reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210511005251/en/
Aspen Technology, Inc. Caroline Federer
caroline.federer@aspentech.com
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Sep 2023 to Sep 2024