AspenTech honored at 2022 IOT Evolution Awards

June 28, 2022

We’re pleased to announce that Aspen AIoT (Artificial Intelligence of Things) Hub™ is a winner of the 2022 IoT Evolution Industrial IoT Product of the Year Awards. This prestigious award honors the most innovative products and solutions powering the Industrial Internet of Things (IIOT). 

We have always believed in the potential of the IIOT to help capital-intensive industries unlock greater business value. Industrial businesses face a diverse set of challenges including evolving market pressures, government regulations and expectations to digitally transform. To help business leaders keep pace, we launched the Aspen AIoT Hub — a versatile, comprehensive platform designed to support industrial businesses navigating a variety of digital initiatives.   

Over the past two years, our platform has empowered businesses to intelligently aggregate data from both on-premises systems and the cloud to achieve more efficient IIOT solutions. Iindustrial corganizations struggled to gather data in ways that helped them meet evolving business needs. But the Aspen AIoT Hub  offers businesses access to improved data visualization, historical contextualization and analysis that is easy to act on. 

How has the Aspen AIoT Hub helped businesses?

Before partnering with AspenTech, ORYX GTL, a gas-to-liquids (GTL) facility converting natural gas to liquid products, lacked centralized production data, analysis tools for evaluating data and effective issue detection processes. For a multifaceted challenge like this, we deployed two AspenTech solutions: Aspen IP.21 Historian™ (IP21) and AspenONE Process Explorer™ (A1PE). Aspen IP21 compiled data from multiple sources while A1PE generated monitor reports, process graphics and dashboards to visualize that data. As a result of our partnership, ORYX GTL integrated our solutions with their MES portal to establish an all-in-one platform for MES applications, data, records and KPIs.  

With the Aspen AIoT Hub, industrial organizations can: 

  • Enable seamless human-machine workflows 
  • Harmonize industrial data management 
  • Rapidly transform raw data into tangible business outcomes 
  • Build, deploy and host industrial AI applications at enterprise scale 

A special congratulations to the AspenTech team

Developing solutions for industries undergoing massive disruptions wasn’t an easy task, especially navigating a product launch and updates during a global pandemic. For many organizations, the past two years have shown how Industrial AI infrastructures can optimize their digital transformation efforts. Many reached out to AspenTech for assistance, and we’re proud to have played a part in helping them navigate these uncertain changes. Thank you to our amazing team who rose to the occasion. 

We can’t wait for what’s next. Keep tabs on our blog for more updates on how AspenTech’s solutions are helping capital-intensive industries on their digital transformation journeys.  

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