AI solutions accelerate the journey to the self-optimising plant

26 October 2020

Aspen Technology has introduced aspenONE V12 software, which embeds artificial intelligence (AI) across its portfolio and uses the cloud for delivery of enterprise-wide analytics and insights for increased safety and sustainability.

aspenONE V12 solutions feature the first Industrial AI hybrid model capability that is purpose-built for the process industries and other capital-intensive industries. Aspen Hybrid Models capture data from assets across the enterprise, and then apply AI, engineering first principles to deliver accurate models at enterprise speed and scale. 

The process industries have embraced digital transformation to drive operational excellence and innovation as they respond to meet the needs of growing populations and expectations for sustainability. The new solutions in aspenONE V12 address these unique challenges with better modeling accuracy, greater insights and improved total cost of ownership that can support evolving business needs and take advantage of the new digital native workforce.

Commenting on the announcement, Peter Reynolds, senior analyst at ARC Advisory Group, said: “AI has the potential to enhance many industrial work processes; however, most companies are not well-equipped to bolt on AI themselves. AspenTech’s industry-specific applications with embedded AI will help companies accelerate transformation. While other technology strategies require asset owners to invest in complex platforms and data scientists, with embedded AI, users can get started right away improving margins and profitability.”

Francesco Mura, digital platform manager, Process and Technology for Saras, sees the advantage for updating planning models. He said: “Aspen Hybrid Models provide efficient nonlinear planning model generation, taking information from Aspen HYSYS rigorous refining reactor models and offering a great deal of promise as a new approach for updating planning models.”

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