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The Buzz Show: Featuring Our Corporate News Recap on “Aspen Technology, Inc. Surges After Expanding Application of Industrial AI”
Aspen Technology, Inc. (NASDAQ: AZPN) shares surged just under 5% in premarket trading after the company announced that it has extended Industrial AI across its leading solutions to drive higher levels of profitability and sustainability in customer operations.
Additionally, the Industrial AI Workbench will enable data scientists to collaborate with domain experts to develop AI apps based on enterprise-wide data and achieve new profitability and sustainability goals.
Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster.