Insider Brief
PRESS RELEASE ā āĀ AltairĀ (Nasdaq:Ā ALTR), a global leader in computational intelligence, andĀ L&T Technology ServicesĀ (BSE: 540115, NSE: LTTS), a global digital engineering and R&D services company, jointly announced the establishment of a digital twin center of excellence (CoE) to accelerate digital transformation. The CoE will deliver cutting-edge digital twin capabilities to joint customers worldwide across mobility, high-tech, and sustainability segments, enabling premier digital twin solutions for enhanced innovation and efficiency.
The CoE will help organizations learn the latest methodologies and technologies in the areas of:
- AI-powered engineering to transform products, systems, and processes
- Innovation labs to simulate new use cases
- Predictive maintenance
- Rapid product development to reduce cycle time for physical prototyping
- Hands-on training
āIn a world defined by the ever-increasing pace of technology and market pressures, this initiative will help organizations stay ahead of technology trends, maximize their investments, and bring better, more informed products and processes to market faster,ā saidĀ Stephanie Buckner, chief operating officer, Altair. āOur advanced approach combined with LTTSā expertise will help teams better design, build, test, optimize, evaluate what-if scenarios, perform predictive maintenance, and extend the remaining useful life (RUL) of their products without physical prototypes.ā
āThe strategic partnership with Altair is poised to revolutionize the digital twin technology landscape. By leveraging LTTSā unparalleled cross-domain engineering expertise and Altairās exceptional simulation and data analysis capabilities, we are set to redefine industry standards across segments such as mobility, sustainability and high-tech,ā saidĀ Abhishek Sinha, executive director and president of Medical, Smart World, and Functions, LTTS.Ā āTogether, we are committed to pioneering advancements that will shape the future of technological integration.ā
LTTS has extensive experience in digital twin technology with multiple CoEs across its design centers. Its Digital Twin for Line Operations enhances performance through virtual commissioning, efficiency monitoring, predictive maintenance, and root cause analysis using real-time and historical data. It supports strategic digital transformations and offers modular implementation and role-based access. Additionally, LTTS has engineered a digital twin with over 54 machine learning algorithms to automate oil rig operations. To read more,Ā click hereĀ orĀ refer to the e-bookĀ to explore the world of digital twin and LTTSā role in the digital twin revolution.
LTTS has already utilized Altairās leading total digital twin portfolio ā covering solutions from both theĀ AltairĀ® HyperWorksĀ®Ā design and simulation platform andĀ AltairĀ® RapidMinerĀ®Ā data analytics and AI platform ā for multiple diverse use cases, including:
- Motor, battery, and gear box systems
- Automotive electrical systems
- Heart attack and stroke risk prediction
- Data-driven automotive production line performance
- Data-driven wind power forecasting
Altairās one total twin solution combined with the companyās domain expertise empowers organizations to become more efficient and deploy digital twin technology when and where they need it ā from pre-production conceptual design through in-service performance. To learn more about Altairās digital twin capabilities, visitĀ https://altair.com/digital-twin.