EPC firms that were already under stress from the COVID-related downturn are investing heavily in digitalization initiatives. According to a June 2020 McKinsey report, EPCs have an opportunity to double their profitability by embracing a handful of “emerging disruptors.” One of these disruptors, digitalization of processes, is within reach for most EPCs and aligns with efforts and initiatives already underway at many firms.

As predictive and prescriptive analytics become better understood across industries, companies are putting new focus on maintenance maturity and the use of digital technologies. They’re realizing that having a robust maintenance program means leveraging APM technology—and their data—to the fullest advantage.

Heath Stephens will be speaking at OPTIMIZE 2021 as part of the APM Track. He shares his own story and some insights in this blog.

Aspen Technology Appoints Jill D. Smith to its Board of Directors

In the pharmaceutical industry, equipment failures, changing operating conditions and other unexpected occurrences can cause batch failures, resulting in costly production losses and disruptions to supply. So how can companies maintain the security of supply while protecting profits?

Every organization wants to be a connected enterprise. That’s the foundation of our Artificial Intelligence of Things (AIoT) practice and AIoT Hub.

As energy companies shift to a new normal due to the pandemic, the energy transition continues to gain strong momentum. Industry leaders are focused on meeting aggressive sustainability targets and are making investments in digitalization to accelerate innovation.

Hydrogen and carbon capture have become focal points as energy and chemical companies look to reduce emissions and achieve net-zero carbon targets. But what’s the best approach?

Two supply chain trends are expected to continue in 2021: Resilient and Sustainable Supply Chains and Sales and Operations Execution (S&OE).

Aspen Technology Announces Keynote Panelists for OPTIMIZE 2021