July 12, 2022
Altair has signed a memorandum of understanding with LG Electronics (LG) to accelerate the digital transformation of product development, the companies note. Together, Altair and LG will promote research and development and the construction of a simulation platform. The two companies will share information in priority fields of research, including computer-aided engineering (CAE), data analytics and automation.
The two companies plan to build a more advanced digital transformation development environment by integrating LG's product development technology with Altair's simulation and artificial intelligence (AI) technology. Together, the companies will cooperate on CAE/automation platform development and digital twin technology, which LG uses to develop products.
“Altair has the advanced simulation, high-performance computing and data analytics technology to support manufacturing companies as they develop products quickly and efficiently,” says Sam Mahalingam, chief technology officer, Altair. “Through this cooperation with LG, we will develop a powerful and reliable technological foundation that will enhance LG's competitiveness.”
By building a digital development environment using AI-based simulation technology, companies can minimize the need for physical testing in the product development stage and reflect feedback from data analytics and optimization technology.
“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,” says SeungKey Lee, vice president, LG Electronics Production Engineering and Research Institute Manufacturing Innovation Center.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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