Aspen Technology opens AIoT business unit

Aspen Technology has announced it has combined its AIoT Hub with inmation Software to create an expanded business unit. Now known as AspenTech DataWorks, the rebranded business unit has been created to provide a single solution to access and manage industrial data, whether at the plant level or enterprise wide, in support of digital transformation strategies.

“A holistic data management strategy is the foundation of a successful digital transformation journey,” said Nicole Rennalls, VP and General Manager of AspenTech DataWorks. “Our customers need a flexible, scalable solution to harness the huge amounts of data being generated across the enterprise. AspenTech DataWorks provides this and uniquely meets the needs of the executive suite and plant floor, all at once.”

Asset-intensive industries looking to maximise value from industrial data often are challenged to do so securely and economically as the data is often trapped in different silos across the organisation. The company said that AspenTech DataWorks addresses these challenges by aggregating and contextualising data, both transactional and real-time, from assets across the organisation.

Aspen Technology said that organisations are now able to realise successful digital transformation, with capabilities including:

• Data governance: Centralised, flexible data management that supports contextualisation and user access control, as well as encryption for all data types.
• Connectivity: Vendor-neutral connectivity to all major OT and IT interfaces that allows organisations to integrate data from disparate sources and manage from a centralised system.
• Data integration: Value-added application enablement such as advanced analytics, decision support and AI.
   

The cornerstone of AspenTech DataWorks is inmation Software GmbH, which was acquired by AspenTech last October.

“The addition of inmation Software to the AspenTech portfolio is a huge step forward to help companies unlock more value from an industrial data strategy,” said Peter Reynolds, Principal Analyst, ARC Advisory Group. “The real-time data platform connects diverse systems and addresses many problems with data cleansing, contextualisation and scalability.”

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