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AspenTech’s Feed Project Management Tool can improve agility, time-to-delivery, and productivity by streaming basic engineering.

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Learn how SK Engineering & Construction improved the speed and accuracy of their capital project cost estimates with Aspen Capital Cost Estimator (ACCE).

The process industries are now more than ever being reshaped through digital initiatives, with the intent to become more proficient in designing, building and operating process plants. In this executive brief, read how AspenTech and Hexagon are working together to help engineering firms and plant owners realize their digitalization journey.

EPC firms that were already under stress from the COVID-related downturn are investing heavily in digitalization initiatives. According to a June 2020 McKinsey report, EPCs have an opportunity to double their profitability by embracing a handful of “emerging disruptors.” One of these disruptors, digitalization of processes, is within reach for most EPCs and aligns with efforts and initiatives already underway at many firms.

This executive brief highlights the results of a recent survey conducted with Oil & Gas Journal on how EPC firms are pursuing new sources of revenue from the operations and maintenance phases of a project lifecycle.