aspenONE Asset Performance Management (APM)

aspenONE Asset Performance Management (APM) is a technology for optimizing the assets of enterprises in the processing industry.

Aspen Mtell

ON Aspen Mtell is part of the aspenONE Asset Performance Management (APM) software suite, which combines manufacturing process knowledge with solutions Big Data machine learning and to increase efficiency in engineering design, operation and maintenance of industrial assets throughout their lifecycle. Aspen Mtell collects data both on the history of production operations and maintenance and on operations and maintenance in the process in real time in order to accurately detect signs of failures that precede possible breakdowns and degradation of industrial assets, as well as predict future failures and prescribe detailed recommendations for actions to mitigate or solve these problems.

History of development

2018: Aspen Mtell Software Availability in the SAP App Center Catalog

The company, Aspen Technology a developer software for optimizing production assets, announced on May 24, 2018 that it had joined the SAP PartnerEdge program as a partner that designs and develops software using the platform. SAP HANA

Thanks to its participation in the program, the company announced access to Aspen Mtell software, which provides prescriptive maintenance of industrial assets and operates on the basis of the SAP HANA platform. This software provides customers with a rapidly deployable and automated machine learning solution that accurately predicts potential hardware failures. Thus, Aspen Mtell is now available in the SAP App Center application catalog, a digital trading platform for SAP partner offerings.

Aspen Mtell based on the SAP HANA platform is a software solution that uses digitalization tools to meet enterprise requirements in real time with the ability to scale, providing optimal operational and business decisions, "said John Hague, Senior Vice President and CEO of AspenTech 's APM business division. - Aspen Mtell is part of the aspenONE Asset Performance Management (APM) software package, which combines the use of up-to-date production data in combination with advanced analytical solutions and machine learning technologies to increase efficiency in engineering design, operation and maintenance of industrial assets throughout their lifecycle.

Without the help of an army of consulting engineers and production data specialists, as well as the need to use the main production models, Aspen Mtell software on the SAP HANA platform is rapidly deploying and can provide the first results in just two weeks, the developers say. The solution predicts potential disruptions in industrial assets well in advance and with fewer false alarms, allowing you to optimize production operations and maintenance solutions and prevent unplanned downtime. WHEN uses predictive and prescriptive analytics to prevent or solve problems quickly, consistently and safely.

As the partner of SAP within the SAP PartnerEdge program the AspenTech company has the right to develop, deliver and sell software products in the market of the technological SAP platforms. This comprehensive program provides the necessary tools as well as support to facilitate the development of applications focused on specific business needs. The program provides access to the relevant SAP software in one simplified framework based on a single global contract, including the ability to deliver SAP Cloud Platform licenses bundled with partner applications.

2017: Release aspenONE version 10

The tenth version of the aspenONE software complex includes the aspenONE Asset Performance Management (APM) package, a complete set of tools for managing the efficiency of construction work, production processes and industrial equipment. The aspenONE Asset Performance Management package from the AspenTech company combines three decades of experience in the field of deep modeling of productions with solutions of Big Data in real time and machine learning. The APM software package is designed to increase the life of assets, improve production reliability, extend the life of equipment and achieve optimal system-wide operational efficiency in order to increase the profitability of production. The built-in APM analytics suite provides recommendations for solutions for several levels of asset performance:

• Complete risk analysis with Aspen Fidelis Reliability software helps determine the availability of industrial assets and identify operational risks through reliability and simulation simulations.
• For the analysis of production processes, the package includes ON Aspen Asset Analytics, which helps you assess the root causes of process disruption, predict future cases of violations, and prescribe recommendations to avoid them. A rapidly customizable and deployable, off-the-shelf column analytics solution uses ensemble modeling to provide effective operational instructions. Also included in the package is Aspen ProMV® software that improves process reliability and increases the life of the asset, using advanced multi-factor process analysis to continuously and periodically track performance.
• For hardware performance analytics, the package includes Aspen Mtell ® software, which uses machine learning analysis to predict failures, understand why they occur, and what to do to avoid them.

2016: Release of an aspenONE Asset Performance Management package

On December 5, 2016, Aspen Technology, Inc. introduced the aspenONE Asset Performance Management (APM) software package. He supplemented the profile aspenONE tools for design, production management, supply chain management, and a set of functions for maintaining production assets.

Product functionality helps solve key business challenges, including production disruptions, low asset availability, and unplanned downtime. The aspenONE APM software package will allow companies to optimize their assets throughout the life cycle of the plant.

Specifically designed for the processing industry, aspenONE Asset Performance Management provides an accurate understanding of the complex dynamics of the production service process, diagnosing the root cause of the event and assessing the scale of the impact on the plant equipment. Thus, the aspenONE APM package helps to avoid failures, offers practical recommendations to reduce the impact on production.

Screenshot of Aspen Fidelis Reliability software window, (2015)

The aspenONE Asset Performance Management package will include Aspen Fidelis Reliability software and asset analysis products in its original release. Aspen Fidelis Reliability helps you leverage deep design capabilities and production data that are included in the aspenONE to analyze process reliability, quantify capabilities, and optimize existing assets. The company's asset analysis software product AspenTech combines modeling and data analysis capabilities to predict specific problem events and identify measures to prevent them from occurring. This product initially targets a specific group of customers identified by the company until the product is announced for sharing.

I am very pleased with today's announcement. At the "OPTIMIZE 2015" conference, we presented our new concept and strategy for optimizing production assets, and now this has become a reality. AspenTech 's latest innovative Asset Performance Management Suite solutions focus on helping customers improve asset utilization while maintaining high levels of optimization. We will continue to offer solutions of increasing value to our customers in the development, planning, operation and life cycle of production assets. Antonio Pietri, Chief Executive Officer and President, AspenTech