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.”
