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Aspen Technology, the asset optimization software company, announced that, following a competitive selection process, Packaging Business, SCG, a total packaging solutions provider in Thailand, has selected Aspen Mtell software to mitigate unplanned downtime. Once deployed, SCG will be a leader in digital transformation by using advanced machine learning software to achieve operational excellence.
Aspen Mtell software mines historical and real-time operational and maintenance data to discover precise failure signatures that precede asset degradation and breakdowns, predict future failures, and prescribe detailed actions to mitigate or solve problems. SCG has selected Aspen Mtell software based on speed of deployment, accurate early detection of asset failures, avoidance of false alarms, and ability to scale the solution system-wide.
According to SCG, Aspen Mtell software can predict degradation much earlier compared against competing software systems. With plans to deploy Aspen Mtell software company-wide, SCG becomes an early adopter of Industry 4.0 technologies by using predictive and prescriptive analytics for optimal maintenance.
AspenTech is pleased that SCG has selected Aspen Mtell software in pursuit of strategic digital transformation and achievement of operational excellence via advanced machine learning software. By mitigating unplanned downtime, the consumer-packaged goods industry can achieve increased profitability and maximize uptime via asset performance management.
Keywords: AspenTech, Packaging Business, SCG, Aspen Mtell, Digital Transformation, Industry 4.0, ARC Advisory Group