On February 06, 2023, Aspen Technology, a software development company, combines its artificial intelligence of things (AIoT) Hub with inmation Software, a global and industrial real-time information management solutions provider, to expand its AIoT business unit, now known as AspenTech DataWorks.
This unit supports customers with the management and accessibility of industrial data at every level for digital transformation strategies, providing secure and cost-effective solutions, especially for asset-intensive industries. It collects and contextualizes data about assets in real and transactional time across the enterprise through integrated technology. It offers organizations centralized data governance, connectivity with major OT and IT interfaces, and data integration with artificial intelligence.
Vice President and General Manager of AspenTech DataWorks, Nicole Rennalls, said, "A holistic data management strategy is the foundation of a successful digital transformation journey." She added, "Our customers need a flexible, scalable solution to harness the huge amounts of data being generated across the enterprise. AspenTech DataWorks provides this and uniquely meets the needs of the executive suite and plant floor, all at once."
(Source – Business Wire)
Principal Analyst at ARC Advisory Group, Peter Reynolds, said, "The addition of inmation Software to the AspenTech portfolio is a huge step forward to help companies unlock more value from an industrial data strategy. The real-time data platform connects diverse systems and addresses many problems with data cleansing, contextualization, and scalability."
(Source – Business Wire)
About Aspen
Aspen Technology (AspenTech), a global software development company, helps industries meet the increasing resource demand of an ever-growing population in a profitable and sustainable manner. It optimizes the asset design, maintenance lifecycle, and operations through in-depth domain expertise and innovation. The asset-intensive industries trust it for improvements in operational excellence, an empowered workforce, and longtime secure asset interactions. With its flexible operations, it is assisting industries like chemicals, consumer goods, downstream, engineering, procurement, and construction, food and beverage, metals, and mining, midstream, LNG, pharmaceuticals, polymers, power generation, paper, transportation, water and upstream.