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Partners like this keep the industry moving forward!
Royal Products are known for their workholding – and now we know about their incredible partnerships…
Altair (Nasdaq: ALTR), a global leader in computational intelligence, and L&T Technology Services (BSE: 540115, NSE: LTTS), a leading digital engineering and R&D services company, have announced the launch of a Digital Twin Center of Excellence (CoE) aimed at accelerating digital transformation across various industries. The new CoE will empower businesses in sectors such as mobility, hi-tech, and sustainability by providing cutting-edge digital twin solutions that enhance efficiency and innovation.
The collaboration between Altair and LTTS will leverage AI-powered engineering to optimize products, systems, and processes, utilizing simulation-driven innovation labs to test new applications. Key areas of focus include predictive maintenance to boost operational efficiency, accelerating product development to reduce reliance on physical prototypes, and providing hands-on training for future engineers.
Stephanie Buckner, COO of Altair, highlighted the importance of staying ahead in a fast-evolving technological landscape: “This collaboration will help organizations maximize investments, enhance decision-making, and bring innovative solutions to market faster.” She emphasized how Altair’s advanced simulation and AI tools, combined with LTTS’ deep engineering expertise, will help companies design, test, optimize, and maintain products with minimal need for physical prototypes.
Abhishek Sinha, Executive Director and President of Medical, Smart World, and Functions at LTTS, shared his excitement about the partnership: “This strategic partnership with Altair is set to redefine digital twin technology. By integrating LTTS’ cross-domain engineering capabilities with Altair’s leading simulation and data analytics solutions, we will drive industry advancements in mobility, sustainability, and hi-tech.”
LTTS brings extensive expertise in digital twin technology, backed by a global network of CoEs. Its solutions enhance industrial operations through virtual commissioning, real-time efficiency monitoring, predictive maintenance, and data-driven decision-making. Notably, LTTS has developed a digital twin model with over 54 machine learning algorithms to automate oil rig operations.
Through this collaboration, LTTS will apply Altair’s comprehensive digital twin portfolio, which includes the Altair® HyperWorks® simulation platform and Altair® RapidMiner® AI and data analytics tools, across various critical industries. These include applications in motor, battery, and gearbox systems to optimize performance, as well as automotive electrical systems, predictive analytics in healthcare for heart attack and stroke risks, and AI-based modeling for wind power forecasting.
Altair’s advanced digital twin solutions enable businesses to optimize performance from the conceptual design phase all the way through in-service operations, helping industries worldwide make smarter decisions, drive innovation, and foster a more sustainable future. This collaboration promises to accelerate the adoption and impact of digital twin technology, shaping the future of industrial operations and technological advancements.
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