DataArt and CAE Simulation & Solutions announce partnership for IoT-supported asset lifecycle management.
Munich, New York, London, Zug — DataArt, a global software engineering firm, today announced that it is working with CAE Simulation & Solutions to design and deliver connected asset lifecycle management systems.
Connected assets are the heart of integrated operational and information technology. Any infrastructure- and asset-intensive industry needs access to the right information at the right time for optimum performance. A detailed end-to-end view of an asset or asset portfolio makes it easy to add value to investments across the asset lifecycle.
CAE and DataArt experts use state-of-the-art IoT, data analysis, and simulation technologies to develop digital twins of assets that process real-time data to calculate and visualize if-then scenarios.
CAE’s connected asset lifecycle management offers virtual models that use insights from smart data to anticipate potential problems, predict the asset lifetime, extend the asset lifespan, reduce material usage, provide information for future upgrades, and make lifecycles more predictable than ever before.
DataArt helps collect data from all types of assets, manages millions of real-time data points, and transforms data streams into operational smart data by applying ML and AI. DataArt and CAE together enable organizations to future-proof scenario planning and predictive infrastructure and asset performance, reduce costs, improve asset safety and reliability, and accurately predict when an asset will need to be replaced.
The Internet of Things (IoT) is creating new streams of data that can support decision making and connect assets with live intelligence. Organizations are increasingly realizing that a coordinated approach is necessary to achieve required changes in infrastructure or asset performance. Experience shows that companies could save 10-15% in operating expenses (OPEX) and 5-8% in capital expenses (CAPEX) using smart IoT applications. Asset owners, regulators, and shareholders are looking for improved investment values across the asset lifecycle, and the efficiencies of new technologies cannot be ignored.
Silvia Kienberger, SVP Strategic Business at DataArt, says:
“We’re excited to be CAE’s partner for processing data generated from various sources throughout the project lifecycle. DataArt supports industries with the new generation of information technologies and integrates CAE’s simulations and solutions with semantic web technologies, IoT, sensors, higher degrees of algorithms and AI, which supports real-time tracking and real-time visualization, data-based predictions, and decision-making.”
Wolfgang Krach, CTO at CAE, says:
“Modern, efficient structures can be designed and simulated to a given lifetime using a minimum of natural resources and energy consumption when the design, the materials, and the loads are known. The lack of loading data can be overcome by real-time measurements and data acquisitions. DataArt can generate and process this data to provide loading scenarios for lifetime predictions. Reliable Structural health monitoring (SHM) gets possible by combining real-time loading data with simulation predictions to achieve proper solutions.”
About CAE Simulation & Solutions:
With over 20 years of experience, CAE Simulation & Solutions offers premium engineering services in the fields of mechanical engineering, plant engineering, transportation, automotive, aerospace, polymer and composite engineering, civil engineering, medical engineering, and sports equipment technology. Using the latest software technologies, we are able to shorten the timespan between the conception of a product and the production readiness considerably. Computer simulations serve as a virtual testbed and reduce the number of actual prototypes as well as the development time, reducing costs in both sectors.
To learn more, please visit: https://www.cae-sim-sol.com/en/company
DataArt is a global software engineering firm that takes a uniquely human approach to solving problems. With over 25 years of experience, teams of highly-trained engineers around the world, and deep industry sector knowledge, we deliver high-value, high-quality solutions that our clients depend on, and lifetime partnerships they believe in.
Headquartered in New York City, DataArt now employs over 6,000 professionals in 20+ locations throughout the US, Europe, Middle East and Latin America, with clients including major global brands like Unilever, Priceline, Ocado, Flutter Entertainment, among others.
For more information, please visit www.dataart.com
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