Computational science and artificial intelligence (AI) provider Altair and LG Electronics agreed to accelerate the digital transformation of product development. Particularly, Altair and LG will promote research and development and the construction of a simulation platform in development and manufacturing.
Moreover, the two companies will share information in priority fields of research, including computer-aided engineering (CAE), data analytics, automation, and more. In addition, they confirmed plans to build a more advanced digital transformation development environment. Particularly, through integrating LG’s product development technology with Altair’s simulation and AI technology.
Together, the companies will cooperate on CAE/automation platform development and digital twin technology. LG will use this to develop products.
Sam Mahalingam, Chief Technology Officer, Altair said the cooperation will enable them to develop reliable technologies that will enhance LG’s competitiveness. Furthermore, Mahalingam said, “Altair has the advanced simulation, high-performance computing, and data analytics technology. (This will) support manufacturing companies as they develop products quickly and efficiently.”
Building a digital development environment using AI-based simulation technology has been crucial of late. In fact, it enables to minimize the need for physical testing in the product development stage and reflect feedback gleaned from data analytics and optimization technology. Hence, these forces combine and interact to speed the development process and shorten time-to-market.
“Through our collaboration with Altair, we look forward to advancing digital transformation technology, which is a growth engine for smart product development, and create an environment that accelerates product development,” said SeungKey Lee, Vice President, LG Electronics Production Engineering and Research Institute (PRI) Manufacturing Innovation Center.