Connected Products Deliver Big ROI

Sheet metal stamping is fundamental to the automotive manufacturing industry. A vast array of different tool, die, and process combinations are employed to create an equally diverse array of components. Traditionally, identifying the optimum approach for each part has been a labor intensive and time-consuming task that requires engineering teams with high levels of skill and experience. This case study demonstrates how Altair Knowledge Studio, a general-purpose data analytics tool, can enable engineering managers and data analysts to deliver clear and quantifiable benefits in the manufacturing domain. For Ford, this is reflected in dramatic improvements in the speed and efficiency with which the best possible sheet metal stamping processes were selected.

Global Bank Visualizes Real-Time Trading Activity with Altair The client is a global bank that offers a full range of wealth management, retail banking, and commercial banking services. It operates in more than 60 countries, has more than 200,000 employees, and has assets of about $3 trillion. Its commercial banking services positions it among the ten largest investment banks in the world and it provides both buy-side and sell-side services to individual and institutional clients. Its trading operations deal in equities, credit, rates, currency, commodities, and their derivatives.

The Electric Storage Company is a Northern Ireland-based firm that manages electric power in households from renewable sources using battery storage and Internet of Things (IoT) technologies. The company installs smart batteries in homes and communities, along with sophisticated management software that lets homeowners sell excess energy back to grid operators when prices are high and helps them maintain the lowest possible energy input costs. Managing varieties of base load and intermittent renewable power sources requires the ability to ingest, process, and analyze high frequency information emanating from the grid and thousands of devices. The company needs real-time insight into energy markets, the grid, battery systems, and generation facilities, as well as customer-level power consumption patterns. Understanding consumption and generation trends optimizes power routing and battery storage and ensures that power sold back to the grid or on the open market is fetching the best possible price.

Banks, hedge funds, asset managers, and other financial firms use FlexTrade software to reduce their trading costs, increase their trading velocity, and increase the profitability of their trading operations while maintaining compliance with all applicable banking laws and regulations.

Serba Dinamik is an engineering company specializing in operations and maintenance (O&M), engineering, procurement, construction and commissioning (EPCC), and IT solutions for energy exploration and production firms. Their team worked with Altair to develop a Smart Predictive Maintenance Data System (SPMDS) utilizing Knowledge Studio and Panopticon. Maintenance crews use Panopticon-powered dashboards built into SPMDS to monitor every sensor mounted on operating turbines in real time. AI models built with Knowledge Studio identify potential failures or issues that require engineering attention, and, based on that understanding, take turbines offline only when necessary.

Imagine Software is the leading provider of real-time portfolio, risk management, and regulatory solutions for global financial services firms. Its clients include many of the largest banks, asset managers, hedge funds, and institutional trading firms in the world. Imagine needed a visual analytics system to embed into its own scalable, enterprise-class risk and compliance platform, that also allowed Imagine client firms to embed dashboards into their own in-house and third party systems such as execution/order management, compliance and proprietary trading. By partnering with Altair Panopticon, Imagine was able to bring their visualization-enabled risk and compliance platform to market in less than 60 days and saved an estimated $850,000 in development costs.

Mahindra & Mahindra is a global pioneer in the transportation business, including automotive, aerospace and the agribusiness. All these systems are required to be interlinked for a properly functioning parent system. Altair worked with Mahindra & Mahindra to develop a solution to visualize combined data from multiple systems. They selected Altair due to our knowledge of the automotive design and manufacturing business as well as our data analytics capabilities.