Aspen Technology Enhances Operational Excellence with Advanced Solutions

Aspen Technology, Inc. has introduced new and expanded capabilities in its aspenONE portfolio of asset optimization solutions. The latest version, V14.3 released in May 2024, includes features that help customers achieve higher levels of operational excellence. These enhancements include expanded Industrial AI integration, improved industrial data management across solutions, and advancements in planning and scheduling capabilities.

Rasha Hasaneen, chief product and sustainability officer at AspenTech, notes that asset-intensive industries are increasingly focused on leveraging technology to meet business performance objectives while also improving environmental sustainability and safety. The newest version of aspenONE, particularly the enhancements to Aspen Unified solutions, is designed to streamline user workflows and optimize operations to the highest degree.

With the release of V14.3, planning and scheduling capabilities in Aspen Unified have been bolstered with Industrial AI technology. This allows schedulers to better align planned operations with actual performance, leading to improved optimization levels. Refining and olefins producers can benefit from dynamic optimization capabilities that integrate planning, scheduling, and yield accounting to reduce deviations and expedite remediation processes.

Industrial AI has been incorporated into Aspen Unified PIMS through the introduction of Aspen Virtual Advisor (AVA). This tool guides production planners in making better decisions, saving time, and understanding how models impact performance and sustainability goals. These enhancements in Industrial AI integration and planning capabilities contribute to a more efficient and effective asset optimization process for customers utilizing aspenONE.