The construction industry had been slow to digitalize. The pandemic and growing need to find digital ways of communicating to bring together dispersed project teams and enable them to collaborate has changed all that. Construction firms that will succeed will be those that embrace advanced technology and the latest AI tools that drive operational efficiencies across the end-to-end value chain.

For reliability engineers, Failure Modes and Effects Analysis (FMEA) is a step-by-step process for identifying and tracking the various ways an asset or equipment can fail. But despite its merits, FMEA is labor intensive, typically used only for critical equipment and does not sufficiently use data to improve its capability.

Combining AI into Failure Mode Effects and Analysis (FMEA) efforts give a nuanced dimension to maintenance event analyses.

An effective and superior cost estimation process requires close collaboration between estimators and stakeholders. In this article, we explain how AspenTech’s approach to digitally centralize all project cost information using ACCE Insights provides the ability to drive an increased business value.

For industrial organizations, IoT sensors can offer unprecedented insight into what's happening inside vats, pipelines and manufacturing processes. Insights such as temperature, flow rates and chemical composition can be measured against infinite variables, and even captured and analyzed in real-time to discover new opportunities…and potential problems.

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Carbon Capture and Storage (CCS) will be an essential pathway as industries move to net zero. The ability to handle CO2 at both emission sources and directly from air, together with long-term storage in the subsurface, make CCS a crucial part of the energy transition.

Pharmaceutical Processing World_How pharma can optimize for right-the-first-time drug

Prescriptive Analytics from Aspen Enterprise Insights improves project and operations performance using actional data insights to monitor assets and streamline workflows.

The future starts with the digital mine, and AspenTech is here to help you on your journey. With solutions like predictive analytics, get early, accurate warnings of equipment failures, increase throughput by reducing unplanned downtime and improve safety by identifying potential risks well in advance. Learn how digital solutions like machine learning, advanced process control, digital twin and more have the power to transform mining.