AspenTech: Convergence of AI & IIoT: Accelerate your industrial digital transformation
11:02
Bill Scudder, Senior Vice President and GM of AIoT Solutions at Aspen Technology, discusses the convergence of AI and IIoT into a new paradigm: The Artificial Intelligence of Things or AIoT. He describes how a variety of market forces are putting increased pressure on operators to improve their operational efficiency. These forces include economic, sustainability, workforce, and technology. He illustrates how industrial AI is defined by three domains, software at scale, data science/AI, and domain expertise, and that, to be successful, industrial AI solutions need to encompass all three domains. Finally, Bill introduces us to the vision of the Self-Optimizing Plant and the necessity for a robust industrial AI infrastructure to support it, which AspenTech calls the AIoT Hub.