(192c) Industrial AI: Industrial Applications of Machine Learning and Artificial Intelligence

The Process Industries are awash in “lakes” of data – although “oceans” may be a more apt description: data from operations, data from labs, data from supply chains, and so on. The challenge is how to derive the greatest benefit from that data.

Aspen Technology is helping customers do just that – derive benefits from all this data by embedding Industrial AI in its applications.=

By embedding AI in our solutions; we provide fit for purpose, domain-specific application of AI in an industrial context. This enables data scientists to collaborate with domain experts and create solutions that maximize the benefits derived from that data. We do this by taking the pervasive data from across your enterprise and value chain, and applying a combination of

• Intelligence, in the form of AI/ML capabilities and other advanced analytics, and
• Domain Expertise, the first principles engineering (physics and chemistry) at the heart of these highly complex assets processes

to deliver actionable insights that power measurable business outcomes.

In this presentation, we will touch on how these AI/ML techniques are embedded in our various solutions spaces. We will then highlight, and demonstrate, how Aspen Hybrid™ Models can be used to create models of processes for which simulation models are not available or to improve the ability of first principle models to match real plant/equipment operations.