About Michael Smocer

Michael Smocer joined ANSYS in 1997 and is currently the VP of Global Accounts. He has a degree in mechanical engineering and an MBA from the University of Pittsburgh. His global team is responsible for ANSYS' partnerships with its largest major accounts.

Digital Twins Enable Industrial Internet of Things Opportunities

Digital twins, supported by sensors and communication infrastructure, are rapidly changing the business models at many companies and are expected to create trillions in global economic value. In 2014, at the 3rd Annual Minds & Machines Conference, General Electric Chairman and CEO Jeffrey Immelt declared, “If you went to bed last night as an industrial company, you are going to wake up in the morning as a software and analytics company.” He announced that GE would make its Predix operating system for powering the industrial internet to any company in 2015. Yet, despite the excitement that year data from Accenture shows that only 10 percent of market leaders understand the underlying business models and long-term implications of IIoT and digital twins. Continue reading