Altair and L&T Technology Services Establish Digital Twin Center of Excellence
Altair and L&T Technology Services (LTTS) have announced the establishment of a digital twin center of excellence (CoE) to drive digital transformation. This CoE aims to provide advanced digital twin capabilities to customers in the mobility, hi-tech, and sustainability sectors globally.
The announcement had a positive impact on L&T Technology Services' stock, with shares trading at Rs 4,995.70, up by 27.95 points (0.57%) on the NSE, and at Rs 4,953.35, up by 21.70 points (0.44%) on the BSE around 12:30 pm.
The initiative is designed to assist organizations in adopting cutting-edge technologies in AI-powered engineering, innovation labs, predictive maintenance, rapid product development, and hands-on training.
"In a world defined by the ever-increasing pace of technology and market pressures, this initiative will help organizations stay ahead of technology trends, maximize their investments, and bring better, more informed products and processes to market faster", said Stephanie Buckner, Chief Operating Officer at Altair.
Abhishek Sinha, Executive Director and President of Medical, Smart World, and Functions at LTTS, remarked, “The strategic partnership with Altair is poised to revolutionize the digital twin technology landscape. By leveraging LTTS’ unparalleled cross-domain engineering expertise and Altair’s exceptional simulation and data analysis capabilities, we are set to redefine industry standards across segments such as mobility, sustainability, and hi-tech”.
LTTS brings significant experience in digital twin technology, having previously utilized Altair’s portfolio for various applications, including automotive systems, health risk prediction, and data-driven production line performance.
