Altair and LTTS Launch Digital Twin Center of Excellence
Altair and L&T Technology Services (LTTS) have announced the launch of a digital twin center of excellence (CoE) to promote digital transformation. This CoE will deliver advanced digital twin solutions to clients in the mobility, hi-tech, and sustainability sectors worldwide.
Following the announcement, L&T Technology Services' stock saw an uptick, trading at Rs 4,995.70, an increase of 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.
This initiative aims to help organizations adopt state-of-the-art technologies in AI-driven 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", stated Stephanie Buckner, Chief Operating Officer at Altair.
Abhishek Sinha, Executive Director and President of Medical, Smart World, and Functions at LTTS, said, “The strategic partnership with Altair is set to revolutionize the digital twin technology landscape. By combining LTTS’ unmatched cross-domain engineering expertise with Altair’s exceptional simulation and data analysis capabilities, we aim to redefine industry standards in sectors like mobility, sustainability, and hi-tech”.
LTTS brings extensive experience in digital twin technology, having previously employed Altair’s solutions for applications such as automotive systems, health risk prediction, and data-driven production line performance.