Improved Customer Profitability Targeted by aspenONE Version 11 Software

Aspen Technology, Inc. announced the general availability of the aspenONE Version 11 software release.  This release, which targets improved customer profitability, reportedly breaks down barriers between engineers, planners, schedulers and maintenance professionals and enables customers to leverage analytics to streamline operations and boost profitability.  With Version 11, customers can realize higher operational efficiencies and throughput.

Version 11 release features innovations across aspenONE Asset Performance Management (APM), aspenONE Engineering, aspenONE Manufacturing and Supply Chain software suites and introduces Aspen GDOT dynamic optimization software, which helps unify production optimization for energy and bulk chemical companies in complex industrial environments.  Aspen GDOT is the next generation of optimization technology.

Version 11 of aspenONE Asset Performance Management (APM) software suite incorporates prescriptive maintenance into planning and scheduling to warn of future equipment condition issues and plan interventions for asset failures and quality issues.  It helps to improve operational analytics for continuous and batch operations to accurately identify sources of process and quality variability and to improve asset utilization.

For engineering and construction companies, this launch reportedly provides multiple benefits to improve engineering efficiency, boost profitability and reduce project risk, including delivering more innovative designs and projects to customers faster.  For energy and bulk chemicals customers, further integration helps optimize multiple units in real-time to ensure the best site-wide economic results.  Specialty chemicals, polymers, and pharmaceutical companies are now able to align their operations with market needs using a full range of solutions that synchronize manufacturing with customer requirements.

Peter Reynolds, ARC Advisory Group, commented, “Multi-unit optimization has always been difficult for many refining and petrochemical companies due to the inherent complexity of plant-wide models.  The Aspen GDOT multi-unit dynamic coordination solution uses a simpler approach with dynamic data reconciliation and parameter estimation that should help owner-operators reduce current gaps in planning and scheduling.”