Software company Aspen Technology (AspenTech) has announced the availability of its latest aspenONE software release V14.

The new release delivers advanced intelligence and guidance capabilities that improve decision-making abilities and further boost operational excellence.

Additionally, V14 enables customers to accelerate sustainability projects with more than 100 sample modes and to manage Scope 1 and 2 emissions thus reducing carbon footprints.

“It’s a critical time for companies to optimise efficiency and sustainability across their operations. Our customers are uniquely positioned to support the dual challenge of meeting the increasing demand from a growing population in a more sustainable way. The new capabilities in V14 will help customers streamline progress toward sustainability goals and operational excellence for stronger business outcomes,” said AspenTech products senior VP David Arbeitel.

The aspenONE V14 includes more than 100 sustainability sample models to jumpstart progress in the areas of emissions management, hydrogen economy, carbon capture, materials circularity, bio-based feedstocks and renewable energy.

V14 automates carbon dioxide emissions data collection from multiple sources for decarbonisation compliance or reporting purposes and enables customers to model these emissions in operations to achieve sustainability targets.

A key value delivered by the V14 release is enhanced operational decision-making. With two new offerings – Aspen Virtual Advisor for DMC3 and Aspen Unified Reconciliation and Accounting – in addition to new capabilities and multiple enhanced integrations between existing solutions, the new release provides actionable guidance or real-time augmented intelligence and prioritises anomaly and failure alerts based on severity and operational risk.

In addition, V14 minimises material losses with fast, efficient mass and volume balance and evaluates planned downtime options to enable better decisions that minimise impact on production and order commitments.

“AspenTech’s new release of V14 shows a commitment to innovation with new software to accelerate customers’ sustainability programmes,” says Arbeitel.

“With progress to further unify planning, scheduling, production accounting and maintenance functions, users can break down silos and extract more value from software. AspenTech is demonstrating industry leadership by adding unique artificial intelligence capabilities with the application of cognitive analytics to address age-old issues with knowledge transfer and operator acceptance of systems like Advanced Process Control,” said principal analyst, ARC Advisory Group Peter Reynolds.

The newest release of aspenONE V14 software is currently available.

AspenTech is an exhibitor at the Investing in African Mining Indaba, to be held at the Cape Town International Convention Centre from February 6 to 9.