Are You Keeping Up with the Converged Digital Economy?

I just returned from the ANSYS 18 events in China and Taiwan where I shared my perspective on the convergence of industries. I used the rapid pivot of automotive and high-tech industries towards each as an example. And while I had ample presentation material, Intel’s $15 billion purchase of Mobileye was a great validation. Mobileye is well-known pioneer in autonomous vehicle technologies. It is nice to have $15 Billion dollars to make your point!  This illustration from the Wall Street Journal also showcased similar recent investments by other companies.

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Is Uber Actually a Space Company? The Discussion at AIAA SciTech

While attending the AIAA SciTech aerospace event in January I was surprised when the discussion turned to Uber as a space company. Seriously? I understand that Uber is revolutionizing the business model for transporting people, but I thought it was purely terrestrial.

Even though this statement was said somewhat tongue in cheek, with a stretch of the imagination you can see how it can be argued that Uber’s business model is predicated on monetizing data — GPS in this case — that is a product of the space industry. From this follows the (somewhat tenuous) proposition that Uber should be considered a part of this industry.

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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

Industrial Internet of Things Powers a Transformation of Business Opportunities

For over 30 years, ANSYS has been supplying GE with sophisticated first principle modeling tools that have enabled virtual prototyping of some of the worlds most complex products. The relationship continues to mature as the two explore the marriage of GE’s Predix Platform with ANSYS’ Simulation Platform to create the potential to enhance the monetization of asset health monitoring and the industrial internet of things. This marriage further enables closed loop feedback with engineering to accelerate NPI and drive costly warranty costs out.

The ANSYS Simulation Platform utilizes a variety of parameters sensed, collected and sorted by the Predix Platform, parameters such as temperature, pressure and vibration to create a simulation based physics model that represents a digital twin of an asset that can be used to accurately predict asset health. Continue reading

The Role of Engineering Simulation in Energy Innovation

engineering simulation energy innovationA few weeks ago, I had the honor and privilege of being one of a few invited attendees at the DOE Mission Innovation Workshop on Grid Modernization. The workshop was hosted by the University of Pittsburgh and held at the Energy Innovation Center. Attendees included leaders from the Department of Energy, Pittsburgh city government officials, community and foundation organizations, and representatives from key local industries — including major utilities, electrical system integrators, electrical system manufacturers and technology companies (like ANSYS).

Pittsburgh, and other similar cities, face significant energy and sustainability challenges over the next few years. These challenges stem primarily from the significant disparity in the goals that have been set — as can be seen in the SmartPGH video — and the current state of the grid and industrial equipment. Continue reading