June 7, 2018 – Aspen Technology. the asset optimization software company, announced that it will deliver Industrial Internet of Things (IIoT) advanced analytics and machine learning applications on Microsoft Azure. AspenTech will extend the reach of aspenONE Asset Performance Management (APM) software to new assets and data sources across the enterprise with Aspen Edge Connect and Aspen Cloud Connect software. Now available in the latest aspenONE Version 10.1 release, Aspen Edge Connect and Aspen Cloud Connect capture and aggregate critical data from assets and data sources throughout the plant and across the enterprise.
AspenTech will combine this edge and enterprise connectivity with Azure to provide capital-intensive companies with a scalable data analytics environment that delivers the actionable insights needed to optimize asset, plant and enterprise performance.
The alignment of AspenTech and Microsoft’s technology and expertise is intended to deliver on the IIoT promise to connect assets, measure their performance and improve business outcomes. With the ability to automate complex analyses and workflows, critical insights into the data relationships between assets and processes are revealed, enabling companies in capital-and asset-intensive industries to maximize uptime and availability.