Digitalization, digital transformation, and digital twins have become key business initiatives at many companies. The goal of these initiatives ultimately is to accelerate revenue and profitability growth by speeding innovation, improving productivity, and increasing reliability across the enterprise. Industry leaders know that revenue and profitability both suffer when their product fails to meet design objectives, underperforms the competition or does not meet customer expectations. When your product fails, your customer is unhappy, your re-design costs will be higher than planned, your reputation may be damaged, or worse, you may go out of business.
Given the complexity of today’s products, how can companies be sure that they will deliver the most reliable and innovative products to the market? Moreover, how can they leverage their product superiority to deliver additional value to their customer and more profitability for their business? Continue reading
Whether you are a digitalization veteran or just starting on the path of digital transformation, you need to read the Spring 2017 issue of Dimensions magazine from ANSYS, which is available now. Perhaps you think digitalization is just the next buzzword, or maybe this is the first time you have heard the term. No matter your starting point, we think this issue of Dimensions will convince you of the tremendous opportunities ahead in the field of digitalization. Continue reading
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
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