New Software Release to Advance Intelligence and Guidance Capabilities Announced by Aspen Technology

By Peter Reynolds

Category:
Company and Product News

Aspen Technology, Inc. announced the availability of its latest aspenONE software release, V14. The new release delivers advanced intelligence and guidance capabilities that improve decision-making abilities and Advanced Intelligencefurther boost operational excellence. In addition, V14 enables customers to accelerate sustainability projects with more than 100 sample models and to manage Scope 1 and 2 emissions for reducing carbon footprints.

aspenONE V14 includes more than 100 sustainability sample models to jumpstart progress in the areas of emissions management, hydrogen economy, carbon capture, materials circularity, bio-based feedstocks and renewable energy. V14 automates CO2 emissions data collection from multiple sources for decarbonization compliance/reporting and enables customers to model these emissions in operations to achieve sustainability targets.

A key value delivered by the V14 release is enhanced operational decision-making. With two new offerings – Aspen Virtual Advisor (AVA) for DMC3 and Aspen Unified Reconciliation and Accounting (AURA) – plus new capabilities and multiple enhanced integrations between existing solutions, the new release provides actionable guidance/real-time augmented intelligence and prioritizes anomaly and failure alerts based on severity and operational risk. In addition, V14 minimizes material losses with fast, efficient mass and volume balance and evaluates planned downtime options to enable better decisions that minimize impact on production and order commitments.

The newest release of aspenONE V14 software is currently available.

Industry Analyst Perspective

Peter Reynolds, ARC Advisory Group, commented,"AspenTech’s new release of V14 shows a commitment to innovation with new software to accelerate customers’ sustainability programs. With progress to further unify planning, scheduling, production accounting and maintenance functions, users can break down silos and extract more value from software. AspenTech is demonstrating industry leadership by adding unique AI capabilities with the application of cognitive analytics to address age-old issues with knowledge transfer and operator acceptance of systems like Advanced Process Control."

 

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