AspenTech announces expanded industrial AI capabilities

Aspen Technology Australia Pty Ltd

Monday, 03 June, 2024

AspenTech announces expanded industrial AI capabilities

Aspen Technology has introduced expanded capabilities in its aspenONE suite of asset optimisation solutions, spanning design, operations and maintenance. The latest version of aspenONE, V14.3 May 2024, offers expanded industrial AI throughout, additional integration of industrial data management across solutions, and advancements in planning and scheduling capabilities.

“The newest version of aspenONE, specifically enhancements to Aspen Unified solutions, is designed to enable customers to significantly streamline user workflows and drive the highest levels of optimisation possible,” said Rasha Hasaneen, Chief Product and Sustainability Officer at AspenTech.

AspenTech has embedded industrial AI in its modelling solutions that leverage more than 40 years of experience applying engineering fundamentals, providing guardrails and robustness so that users can leverage AI-based technology to improve agility, guide decision-making and drive higher levels of efficiency through automation.

With the release of V14.3, the planning and scheduling capabilities in Aspen Unified have been enhanced with industrial AI to attain higher levels of optimisation. This is accomplished by enabling schedulers to close the gap between planned and actual operations. The company says refining and olefins producers can streamline and integrate planning, scheduling and yield accounting, resulting in smaller deviations and faster remediation.

Additional enhancements in V14.3 include:

  • Industrial AI is now incorporated in Aspen Unified PIMS with the availability of Aspen Virtual Advisor (AVA), which is designed to guide production planners to save time, make better decisions, and explain the impact models have on performance and sustainability.
  • Aspen Maestro, an existing capability within Aspen Mtell that automates the development of better models faster, now includes an anomaly capability that accelerates alert resolution. In addition, Aspen Mtell includes FMEA templates and KPIs for accelerated deployment, guided detection strategies and risk analysis.
  • AspenTech Inmation now provides direct integration capabilities with Aspen Mtell, leveraging the data management platform’s components to make data access more simple and easy to maintain over time.

Image credit:

Related News

Siemens offers GenAI tools for planning hydrogen plants

Siemens has announced software tools based on generative AI for companies in the hydrogen industry.

AI capabilities added to IFS Cloud

AI-powered functionality in IFS Cloud aims to help users to improve operational effectiveness and...

Australian industrial organisations are the fourth most targeted globally

Research shows 82% of Australian industrial businesses experienced cyber attacks in the past year...

  • All content Copyright © 2024 Westwick-Farrow Pty Ltd