Blacks Swans and Gray Rhinos: Building Future Resilience
As all companies have been challenged by the current economic and health crisis, the successful recovery requires a new view toward future development and growth with metrics that consider broad and more long-term goals. Featured in Hydrocarbon Processing, AspenTech’s Paige Morse shares considerations for building future resiliency that center around digitalization.
How Digitalization and Industrial AI are Accelerating Sustainability
The 2015 Paris Agreement and other international climate change accords have helped raise global awareness of the need for countries to take urgent action to combat climate change. As companies continue to focus on sustainability, a common theme is taking shape around the role of digitalization as a key enabler. In fact, a recent ARC Advisory Group survey revealed that 75% of respondents rated digital transformation as highly important for achieving sustainability goals.
Acceleration of Digitalisation is Shaking Up the Process Industry
The impact of COVID-19 has accelerated digitalisation for the process industry. In this exclusive interview with Pipeline Oil & Gas News, Antonio Pietri, President and CEO of AspenTech®, discusses how this acceleration of digitalisation will lead to the creation of a Self-Optimizing Plant.
Digitally Enabled Reliability: Beyond Predictive Maintenance in Mining
Real-time condition-based monitoring of assets is an attractive solution for mining companies to minimize their unscheduled downtime and improve reliability of critical equipment. The success of an asset monitoring program depends on how well this data is analyzed, filtered and categorized to enable accurate predictions of impending failures. Focusing on the behavior of an asset only tells a small portion of the story. To fully predict failures, the trends of the entire process must be considered as a whole.
Processing Magazine: Why Time's Up on Preventive Maintenance
In this article, Robert Golightly explains the limitations of traditional maintenance practices and how new advancements in predictive maintenance are pushing assets and equipment to the limits of performance. Learn how today's industry leaders are using low-touch machine learning to extract value from design and operations data to predict when and where failures will occur.
The Northern Miner - AspenTech Reduces Downtime for Mining Equipment
In today’s market, thriving in the mining industry means exploring new strategies for growth in the digital transformation era. Mining executives are seeking leading experts to help mitigate risk and lower cost. The Northern Miner recently sat down with AspenTech to discuss best practices of how a true machine learning solution has the power to transform mining.
Strategies to Manage Asset Performance
To achieve operational excellence, process manufacturers must quickly and systematically address the root causes of asset reliability problems, which include inadequate operating procedures, poor design, and improper scheduling of production.
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