Pharma and biotech companies face a pivotal next step in addressing the increased complexity of production while balancing mounting cost pressures with the need to ensure product quality, security of supply and regulatory compliance. Findings from AspenTech® and Longitude’s recent market survey revealed that digital culture and technology adoption provide a competitive edge – but adoption is slow.

This ARC Advisory Group report explains how AIoT is built for industrial companies looking for better ways to:

In today’s ever-evolving global economy, Energy and Chemical companies need to operate with newfound agility to meet market demand and maximize margins. Aspen DMC3 Adaptive Control now embeds powerful AI Machine Learning algorithms to build seed models by simply mining historical data. View this video and learn how you can coordinate multiple APCs in closed-loop and optimize broad envelopes in real-time to align planning, scheduling, and operation, significantly reducing margin leakage and energy costs.

At CERAWeek 2021, Bill Scudder, Senior Vice President and GM of AIoT Solutions at Aspen Technology, discussed the convergence of AI and IIoT into a new paradigm: The Artificial Intelligence of Things or AIoT. He described how a variety of market forces are putting increased pressure on operators to improve their operational efficiency. These forces include economic, sustainability, workforce and technology. Bill illustrated how industrial AI is defined by three domains, software at scale, data science/AI and domain expertise, and that, to be successful, Industrial AI solutions need to encompass all three domains. Finally, Bill introduced the vision of the Self-Optimizing Plant and the necessity of robust Industrial AI infrastructure to support it.

This report, written by Dr. Carole Nakhle, CEO of Crystol Energy, discusses the findings of a survey assessing the impact of the COVID-19 crisis on the global energy industry. The survey, a collaboration between Crystol Energy and AspenTech, was completed in November 2020. Download this comprehensive and informative report to learn more about the survey's key findings.

Aspen Edge Connect™ collects data from multiple assets, cleansing and pooling it together for analysis with an edge processing device. Data can then be stored securely in the cloud or with an on-premise solution.

What can you expect at this year’s OPTIMIZE™ virtual experience? Watch as Antonio Pietri, President and CEO of Aspen Technology, talks about the key highlights of OPTIMIZE 21 and why it’s the premier global event for companies within capital-intensive industries that want to accelerate their digitalization journey.

In a volatile, changing world, companies must rethink how they will compete and stay ahead. Advancements in AI and process simulation combined with deep domain expertise empower companies to do things faster, easier and smarter than ever before. View this video to learn how Aspen Hybrid Models™ integrate first principles-based process simulation models, AI and domain expertise to deliver comprehensive, accurate models more quickly without requiring significant expertise.

In this short video featuring Antonio Pietri, CEO Aspen Technology, explains how the last 40 years have been foundational to the success of industrial AI. In order to accelerate your digital transformation, assets need to run safer, greener, longer and faster.

How do we meet the expectations of a growing population, but also address sustainability? This short video featuring Antonio Pietri, CEO Aspen Technology, discusses this dual challenge and the new levels of operational excellence in the capital intensive industries.