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.

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?

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?

Aspen Technology Announces Keynote Panelists for OPTIMIZE 2021

This interactive infographic highlights the 5 key digital strategies to help companies reach their sustainability goals.

Agile has traditionally been used for software product development, however, it can also be applied as a key enabler for supply chain transformation. Hexion, a global specialty chemical company, has applied Agile to improve supply chain processes, driven by Sales and Operations Execution (S&OE), across 45 global production sites.

Unexpected events can disrupt operations and create prolonged quality and safety issues. Front-line operators may be ill-equipped with the skills or tools to quickly analyze and rectify disturbances. Fortunately, new Industrial AI applications deliver advanced analysis and visualizations to help teams take action quickly.