Altair has signed a Memorandum of Understanding (MoU) with LG Electronics to aid the latter’s digital transformation efforts for product development.
Besides collaborating on priority research areas, including computer-aided engineering (CAE), data analytics, and automation, the duo will work to build a simulation platform.
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Additionally, LG and Altair plan to integrate LG's product development technology with Altair's simulation and artificial intelligence (AI) capabilities to create an advanced digital transformation development environment.
Essentially, the resulting AI-based simulation platform will accelerate products’ time-to-market by reducing the need for physical testing and incorporating insight from data analytics and optimization tools.
"Altair has the advanced simulation, high-performance computing, and data analytics technology to support manufacturing companies as they develop products quickly and efficiently," said Sam Mahalingam, chief technology officer at Altair.
"Through this cooperation with LG, we will develop a powerful and reliable technological foundation that will enhance LG's competitiveness."
"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 of LG Electronics Production Engineering and Research Institute (PRI) Manufacturing Innovation Center.
