Aspen Technology and LTTS Partner to Provide Engineering Services Through Managed Cloud Hosting Services

L&T Technology Services said it has partnered with Aspen Technology, an asset optimization software company, to deliver a suite of digital engineering solutions to global businesses. This will enable customers to optimize the performance of their assets and achieve operational excellence through cloud hosting and virtualization.

Antonio Pietri, President and CEO of Aspen Technology, said: “The process manufacturing industry is undergoing significant change as more companies take advantage of advanced technologies such as AI. , machine learning and the cloud to better leverage their critical assets. Our partnership with LTTS aims to give our common customers the capabilities they need to optimize their operations and improve their engineering capabilities, so we believe this partnership will help process manufacturing companies accelerate their digital transformation journeys and to adapt to changing conditions if necessary.

Cloud services are increasingly adopted by organizations for new projects or to replace existing programs. According to Verified Market Research, the current global cloud engineering market is expected to grow at a CAGR of 22.13% from 2019 to 2026.

Amit Chadha, Deputy Managing Director and Board Member of L&T Technology Services, said, “LTTS ‘partnership with AspenTech will provide holistic end-to-end solutions for asset performance and improved operational efficiency. . LTTS is delighted to combine its engineering expertise in critical industries with software platforms specifically designed by AspenTech to deliver higher returns over the entire asset lifecycle.

As AspenTech’s managed hosting partner, LTTS Cloud Engineering Services will provide design, delivery and support for the cloud compute, storage and virtual network infrastructure. As an AspenTech implementation service provider, LTTS will also bring its proven digital engineering capabilities and domain expertise throughout the engineering and manufacturing lifecycle to leverage intelligence. artificial intelligence, machine learning, IoT services and analytics.

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