Hexagon announces a new partnership between Hexagon PPM and asset optimization and process simulation software provider AspenTech. The partnership aims to help manufacturers in process industries better manage the financial risks of big, complex projects.
The two companies will align Aspentech’s engineering and cost estimation solutions with the Hexagon PPM’s SmartPlant suite to create a data-centric workflow across the asset lifecycle. Essentially, the companies plan to take Hexagon’s digital twin of the plant’s physical infrastructure and combine it with Aspentech’s process modeling and plant operations solutions to create a data-driven digital twin that can be used across the plant’s entire lifecycle, from design through operations and maintenance.
“This partnership announcement is about enabling engineering, procurement and construction (EPC) companies to have a completely digital workflow from the time the plan is conceived until the time it’s built and handed over to the owner operator,” explained Paul Donnelly, industry marketing director at AspenTech.
EPC workflows have historically been document-driven processes as they progress through the lifecycle, from conception to construction, and this can lead to inefficiencies, delays, lost documents, and miscommunication—especially when multiple external contractors or firms are involved.
This sort of knowledge capture through digital data is especially relevant for companies seeking to retain tribal knowledge which is lost when workers retire or move on. Data is stored in a central location, ensuring that all collaborators are drawing from a single source of information.
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June 25, 2019