Aspen Technology (AspenTech)
Canvas Category Software : Information Technology : Asset Performance Management
AspenTech is a leading provider of enterprise asset performance management, asset performance monitoring, and asset optimization solutions. AspenTech’s suite of asset management software helps organizations to streamline engineering and maintenance processes, leading to reduce downtime and increase operational efficiency. AspenTech has also been an industry leader in leveraging industrial AI, plant digitalization, and digital twin technology to ensure our customers keep pace with rapidly evolving manufacturing technologies. Predictive Analytics for industrial data helps AspenTech deliver downtime reduction for the connected enterprise.
Assembly Line
Wood and Aspen Technology Form Partnership to Deliver Optimised Asset Performance Management Solutions for Global Enterprises
Aspen Technology, Inc. and Wood today announced a new partnership that will offer Wood’s clients Aspen Mtell® asset performance management (APM) technology for predictive and prescriptive maintenance.
The partnership will enable global enterprises to improve the performance of their manufacturing and facility assets through a maintenance solution built upon industrial artificial intelligence and machine learning. Aspen Mtell analyzes historical and real-time operational and maintenance data to discover the precise failure signatures that precede asset degradation and breakdowns, predict future failures, and prescribe detailed actions to mitigate problems.