Aspen Technology, Inc., a leading global provider of asset optimization software. Announced the latest version of the V14 aspenONE® software. The new version not only features advanced intelligence and guidance to enhance decision making and further drive operational excellence, but also provides more than 100 case models that can be used to accelerate customers’ sustainable projects, manage Scope 1 and Scope 2 emissions, and reduce their carbon footprint.

“This is a critical time for companies to optimize overall operational efficiency and sustainability,” said David Arbeitel, senior vice president, Aspen Products. Our customers are in the dual challenge of supporting the growing demand due to population growth in a more sustainable way. The V14’s new capabilities will help customers streamline their progress towards achieving sustainability goals and operational excellence, driving efficiencies for stronger business outcomes.”

Accelerate the achievement of the net zero target

aspenONE V14 includes more than 100 sustainability case models to accelerate progress in areas such as emissions management, the hydrogen economy, carbon capture, materials recycling, bio-based feedstocks and renewable energy. The V14 automatically collects CO2 emissions data from multiple sources to help customers achieve decarbonization compliance/related reporting, enabling customers to model operational emissions and ultimately achieve sustainable development goals.

Improve operational excellence

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An important value of V14 is enhanced operational decision making. The new release offers two new products – Aspen Virtual Advisor (AVA) for DMC3 and Aspen Unified Reconciliation and Accounting (AURA). Plus some new feature enhancements and enhanced integration with existing solutions. The new version not only provides actionable guidance and real-time enhanced intelligent cognitive analysis capabilities, but also prioritizes exception and failure alerts based on the severity of the failure and operational risk. In addition, the V14 minimizes material consumption through fast and efficient mass and volume balance, evaluates planned downtime scenarios, and allows customers to make better decisions, minimizing the impact on production and order fulfillment.

Comments from industry analysts

Peter Reynolds, Principal Analyst at ARC Advisory Group, said: “The newly released V14 demonstrates Aspen’s commitment to innovation and will significantly accelerate our customers’ sustainability initiatives. With the further unification of planning, scheduling, production accounting, and maintenance functions, users will be able to break down silos and get more value from their software. The new version applies cognitive analytics, adds unique AI capabilities, and solves problems including knowledge transfer and operator proficiency with advanced process control systems, making it an industry-leading solution.”