ANSYS Leverages Product Design Expertise To Offer A Digital Twin Builder

Published 28 June 2019 by Dennis Callaghan & David Metcalfe &

Asset Integrity Asset Performance Management Software Digital Twin Operational Risk Software Remote Monitoring Market Insight

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Executive Summary

This report forms one in a series covering the digital twin software market, which is beginning to gain traction as a new category of technology investment. One of the more established firms in this space is ANSYS. The firm was founded in 1970 and has more than 4,000 employees in over 50 countries. ANSYS has booked more than $1.3 billion in trailing 12-month revenue. With a long history in engineering simulation software used in product design, ANSYS has evolved into a digital twin software developer with its Twin Builder, which can be used to model and monitor industrial assets. ANSYS targets virtually any product firm that needs to design, test and validate its products. Verdantix recommends that customers looking to embrace Industry 4.0 practices and work with a proven, established firm that has a large global support network should try out ANSYS Twin Builder.

ANSYS Targets Its Digital Twin Capabilities At New Usage Scenarios
ANSYS Has The Design And Simulation Pedigree To Launch Digital Twins For Multiple Use Cases
Product-Centric Firms With An Industry 4.0 Strategy Should Test Out ANSYS Twin Builder

Organisations mentioned

BMW, Chevron, DfR Solutions, GE Digital, Granta Design, Helic, Modelon, Phoenix Contact Electronics, PTC, SAP, Verbund Hydro Power, Volkswagen Motorsport.

About the authors

Dennis Callaghan

Principal Analyst

Dennis is a Principal Analyst at Verdantix, contributing to both the Operational Risk and Smart Buildings practices. His current research agenda focuses on covering asset performance management technologies across both industrial and smart buildings use cases, including Internet of Things monitoring and data analysis. Dennis has over 10 years’ experience in industry research and strategy. He previously worked at 451 Research, where he led that firm’s coverage of application performance management and IT service and asset management technologies. He has written about technology as a journalist, industry analyst or marketer for more than 20 years. Dennis holds a BA in journalism from Duquesne University.

David Metcalfe

CEO

David co-founded Verdantix in 2008 and leads the firm’s research and advisory work on the digitization of operational risk management which covers software, systems integration, wearables and drones. Prior to founding Verdantix, David was a Senior Vice President at Forrester Research and Head of Analysis and Forecasting for BT. He holds a PhD from Cambridge University in Game Theory and Decision Analysis and worked as a Research Associate at the Harvard Business School.