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AspenTech patents key elements of its Master Data Model

10/15/2008

Burlington, Mass., Oct. 14 – Aspen Technology today announced a recently issued patent covering key aspects of the aspenONE Master Data Model. The Master Data Model, which is integrated within the aspenONE suite of applications, makes end-to-end asset life-cycle management a reality. The aspenONE Master Data Model provides one enterprise view of process data associated with engineering design and manufacturing supply chain operations and is integrated with DCS and ERP systems through a vendor neutral interface.
 
AspenONE’s Master Data Model is a federated data model designed specifically for the process industries. By integrating once to the Master Data Model, third-party applications are connected to all aspenONE applications. This simplifies data integration and optimizes the value of ERP and other transaction-based systems. AspenONE’s Master Data Model conforms to SOA, which enables the aspenONE suite of applications to adhere to industry standards, such as S95, ISO 15926, B2MML and Open O&M (Operations and Maintenance).
 
Dr. Sid Snitkin, VP & GM of Enterprise Advisory Services, ARC Advisory Group says,       “Asset life-cycle management is the cornerstone to optimizing performance and achieving the greatest level of return during every stage of process manufacturing, but the ability to seamlessly capture and manage critical design and operating data has hamstrung that effort until now.  aspenONE’s MDM sets a new standard that will help asset-intensive organizations eliminate a wide range of complexities that cause staggering losses each year as a result of inefficient plant design, construction and operation.”