CoE will cater to customers across mobility,
high-tech, and sustainability segments
TROY,
Mich., and BANGALORE,
India, Aug. 7, 2024 /CNW/ -- Altair (Nasdaq:
ALTR), a global leader in computational intelligence, and L&T
Technology Services (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
"In 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,"
said Stephanie Buckner, chief
operating officer, Altair. "Our advanced approach combined with
LTTS' 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."
"The strategic partnership with Altair is poised to
revolutionize the digital twin technology landscape. By leveraging
LTTS' unparalleled cross-domain engineering expertise and Altair's
exceptional simulation and data analysis capabilities, we are set
to redefine industry standards across segments such as mobility,
sustainability and high-tech," said Abhishek Sinha, executive director and president
of Medical, Smart World, and Functions, LTTS. "Together, we
are committed to pioneering advancements that will shape the future
of technological integration."
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, click here or refer to the e-book to
explore the world of digital twin and LTTS' role in the digital
twin revolution.
LTTS has already utilized Altair's leading total digital twin
portfolio – covering solutions from both the Altair® HyperWorks®
design and simulation platform and Altair® RapidMiner® data
analytics and AI platform – 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
Altair's one total twin solution combined with the company's
domain expertise empowers organizations to become more efficient
and deploy digital twin technology when and where they need it –
from pre-production conceptual design through in-service
performance. To learn more about Altair's digital twin
capabilities, visit https://altair.com/digital-twin.
About Altair
Altair is a global leader in computational intelligence that
provides software and cloud solutions in simulation,
high-performance computing (HPC), data analytics, and AI. Altair
enables organizations across all industries to compete more
effectively and drive smarter decisions in an increasingly
connected world – all while creating a greener, more sustainable
future. To learn more, please visit www.altair.com.
About L&T Technology Services Ltd
L&T Technology Services Limited (LTTS) is a listed
subsidiary of Larsen & Toubro Limited focused on Engineering
and R&D (ER&D) services. We offer consultancy, design,
development and testing services across the product and process
development life cycle. Our customer base includes 69 Fortune 500
companies and 57 of the world's top ER&D companies, across
industrial products, medical devices, transportation, telecom &
hi-tech, and the process industries. Headquartered in India, we have over 23,550 employees spread
across 22 global design centers, 30 global sales offices and 108
innovation labs as of June 30, 2024.
For more information, please
visit https://www.LTTS.com/
Media
Contacts
|
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Altair
Corporate
|
Altair Investor
Relations
|
Bridget
Hagan
|
Stephen Palmtag
|
+1.216.769.2658
|
+1.669.328.9111
|
corp-newsroom@altair.com
|
ir@altair.com
|
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Altair Europe/The
Middle East/Africa
|
LTTS Investor
Relations
|
Charlotte
Hartmann
|
Pinku Pappan
|
+49 7031 3095
6990-0
|
pinku.pappan@ltts.com
|
emea-newsroom@altair.com
|
|
|
LTTS Media
Contact
|
Aniruddha
Basu
|
Aniruddha.basu@ltts.com
|
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SOURCE Altair