Aspen Technology launches workflow management tool

Aspen Technology launches workflow management tool
Antonio Pietri, president and CEO of Aspen Technology
Published: 14 October 2019 - 5 a.m.
By: Carla Sertin
Aspen Technology, the asset optimisation software company, launched Aspen Enterprise Insights, a visualisation and workflow management tool that aggregates and analyses data from across the enterprise to deliver insights and actionable information and drive better collaboration and decision-making within organisations.

Organisations struggle to identify, analyse and derive value from their data lakes, and that challenge is set to grow. According to IDC1 the global datasphere is set to grow to 175ZB by 2025, with nearly 30% requiring real-time processing.

Aspen Enterprise Insights visualisation and workflow management solution enables capital-intensive enterprises to analyse data throughout the asset lifecycle and across the entire value chain, delivering actionable insights to multiple users to increase operational excellence.

Aspen Enterprise Insights creates and weaves a “digital thread” within the enterprise to connect smarter processes and push the boundaries of productivity. The technology, now part of the AspenTech portfolio following the acquisition of Sabisu in June 2019, is a proven hybrid-cloud-based solution that brings enterprise-level performance management across the organisation. It can enable informed strategic decision-making by identifying the high-value data needed to provide insights and drive informed actions, enhance existing business processes and assist organisations in creating new ones.

“The accessibility of accurate data analysis is critical when seeking greater levels of efficiency and optimisation. Aspen Enterprise Insights will give our customers a flexible visualisation and collaborative workflow management solution to support real-time strategic decision-making across the enterprise,” said Antonio Pietri, president and CEO of Aspen Technology. “As the Industrial Internet of Things expands, visualisation of heterogeneous data sources becomes critical to the success of a digital transformation strategy. Aspen Enterprise Insights can help our customers achieve greater levels of efficiency throughout the asset lifecycle, driving towards the automation, collaboration and insights that are required by the smart enterprise.”

According to Peter Reynolds, senior analyst, ARC Advisory Group, “Aspen Enterprise Insights offers what appears to be a unique combination of experience data and operational data with a workflow engine. When digitalisation is top of mind for industry, this solution could help drive a new level of collaboration with the potential to create higher value work processes for customers.”

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