Aspen Technology Announces New AIoT Hub to Unlock Value of Data from Across the Digital Enterprise

  • August 11, 2020
  • AspenTech
Aspen Technology Announces New AIoT Hub to Unlock Value of Data from Across the Digital Enterprise
Aspen Technology Announces New AIoT Hub to Unlock Value of Data from Across the Digital Enterprise

Bedord, Mass. Aug. 12, 2020 - Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization software company, announced a new AIoT Hub, a result of the integration of its recent investments in Industry 4.0 capabilities. The new AIoT Hub enables seamless and flexible data mobility and integration across the enterprise from sensors to the edge and cloud and accelerates the delivery of visualization and insights for capital-intensive industries. This AIoT Hub is also the cloud-ready environment for AspenTech’s next-generation Industrial AI products and solutions.

The new hub addresses the rapid convergence of IT and OT that customers are experiencing, significantly reducing the risks and time to market for introducing AI to complex operations. Unlike generic AI platforms, which require a massive data integration effort and an army of data scientists to implement, this new approach can seamlessly integrate industrial data sources and deliver actionable insights faster than ever before with ready-to-use and built-for-industry applications. It is also extensible, enabling customers and partners to create their own custom applications.

The AspenTech AIoT Hub consists of several well established and innovative technologies. At its core is Aspen InfoPlus.21 (IP.21) the information management system for real-time industrial processes, which collects large volumes of process data for reporting and analysis. It also integrates technologies from several acquisitions in recent years, including the cloud native connectivity from RtTech Software, the cloud capabilities and ability to assemble and deploy AI-driven IoT applications from Mnubo, and the enterprise insights and visualization features from Sabisu.   

“Market volatility means that capital intensive industries have to be more agile than ever before to survive and thrive in every cycle,” said Antonio Pietri, President and CEO of Aspen Technology. “Access to analytics and insights is a critical need when making business decisions, yet efforts to mine pools of data across the enterprise are often stalled by the challenges of data collection and integration, with promised business insights and agility never materializing. This new hub enables us to accelerate the delivery of the promised insights and agility, built on proven technology and expertise.” 

Pietri continued, “We are furthering our commitment to our customers through today’s announcement of the new AIoT Hub and our investment in the next generation of hybrid modeling software capabilities, planned for release in the coming months. We intend to introduce contextual artificial intelligence into our core products to enable better informed and more accurate decisions to improve the operating performance of assets. We are confident that these innovations will further extend the value AspenTech delivers for its customers.”

See the AspenTech AIoT Hub Resources website or watch the How Industrial AI Will Shape Your Future video.

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