-

ESI Group Collaborates with Aberdeen Strategy and Research to Unveil "Shift Left" Insights on Virtual Prototyping

PARIS--(BUSINESS WIRE)--Regulatory News:

ESI Group (Paris:ESI) has partnered with industry analysts Aberdeen Strategy and Research to present novel insights into the benefits of virtual prototyping for digital transformation in product development. The result of this collaboration is "Shift Left: The Value of Virtual Prototyping for Digital Transformation of the Product Development Lifecycle," an in-depth examination of how virtual prototyping can revolutionize industries such as automotive, aerospace, and heavy machinery.

The research found that top-performing organizations embracing 'shift left’ - an early-stage digital approach to product performance testing - were able to significantly reduce their reliance on physical prototypes by 75.6% and decrease engineering change orders by 73.8%, resulting in a 75.2% decrease in the overall development time. The research also explores the key challenges to a successful deployment and details the “Top 10” long-term benefits realized by organizations that adopt a solid virtual prototyping strategy.

Mike Russell, Head of Customer Success at ESI Group, comments: "Our collaboration with Aberdeen Strategy and Research underscores the importance of virtual prototyping, embracing digital practices, and shifting validation processes and decision-making to virtual realms. Despite the initial investment and upfront effort, particularly in upskilling and training the workforce, simulation-led decision-making stands as a crucial leap forward in industry innovation. By seamlessly integrating predictive, real-time, immersive virtual testing software into their digital thread, industries gain the unique capability to foresee not just the expected performance but also accurately predict how their product will perform in real-world conditions, accounting for manufacturing intricacies.”

Industrial manufacturers in automotive, aerospace, and heavy machinery sectors are actively seeking ways to manage increasing product complexity, foster collaboration, and adapt swiftly in early development stages. They face the challenge of balancing cost reduction with quality improvement, productivity enhancement, and faster time-to-market. This necessitates a strategic approach to working smarter in an end-to-end digitalized way.

The report is available as a 26-minute video presentation or as a downloadable eBook: https://www.esi-group.com/the_value_of_virtual_prototyping

About ESI Group

ESI Group, a part of Keysight Technologies, provides reliable and customized solutions anchored on predictive physics modeling and virtual prototyping expertise. Acting principally in automotive, land transportation, aerospace and defense, and heavy industry, ESI software enables engineers to simulate mechanical designs, smart manufacturing processes, and human-centric workflows to make better decisions earlier in the product lifecycle. Keysight is an S&P 500 company delivering market-leading design, emulation, and test solutions to help engineers develop and deploy faster, with less risk, throughout the entire product lifecycle. For further information, go to: www.esi-group.com

Follow ESI LinkedIn | Facebook | Twitter | YouTube

Contacts

ESI Group
Emilie Lieblich
press@esi-group.com
+33 1 41 73 58 32

Aline Besselièvre
ext-Aline.Besselievre@esi-group.com
+33 6 61 85 10 05

ESI GROUP

BOURSE:ESI
Details
Headquarters: Paris, France
CEO: Cristel de Rouvray
Employees: 1200
Organization: PUB
Revenues: 132 Million Euros (2020)
Net Income: 1.4 Million Euros (2020)


Contacts

ESI Group
Emilie Lieblich
press@esi-group.com
+33 1 41 73 58 32

Aline Besselièvre
ext-Aline.Besselievre@esi-group.com
+33 6 61 85 10 05

More News From ESI GROUP

ESI Group and China Automotive Engineering Research Institute Co., Ltd. join forces on Intelligent Simulation

PARIS--(BUSINESS WIRE)--Regulatory News: ESI Group (Paris:ESI) and the China Automotive Engineering Research Institute Co. Ltd. (CAERI) have launched a partnership to advance intelligent simulation technology for the automotive industry. This collaboration, marked by the establishment of the Intelligent Simulation Center of Excellence in Chongqing (China), was celebrated with a ceremony attended by Jianwen Zhou, General Manager of the Testing Business Department at CAERI, Guojie Wang, Deputy Di...

ESI Group and FAW-Volkswagen TE Forge Strategic Partnership to Advance Automotive Intelligent Simulation Technology

PARIS--(BUSINESS WIRE)--Regulatory News: ESI Group (Paris:ESI) and FAW-Volkswagen (FAW-VW) TE have commemorated their strategic partnership with the signing of a Memorandum of Understanding (MoU) aimed at advancing intelligent simulation technology within the automotive industry. The ceremony, held at the FAW-VW R&D center in Changchun, Jilin Province, PRC, was officiated by Deng Guohui, Technical Development Director at FAW-VW, and Francis Griffiths, Executive Vice-President and Chief Reve...

ESI Group: Implementation of the Squeeze-Out of ESI Group Following the Tender Offer Initiated by Keysight Technologies Netherlands B.V.

PARIS--(BUSINESS WIRE)--Regulatory News: ESI Group (Paris:ESI): AMOUNT OF INDEMNIFICATION: 155 euros per ESI Group share AMF This press release (the “Press Release”) has been prepared and distributed by Keysight Technologies Netherlands B.V. in accordance with Article 237-3 of the of the General Regulation of the Autorité des marchés financiers (“AMF”) and Article 9 of AMF Instruction no. 2006-07. Target company: ESI Group, a public limited company with a board of directors with a share capital...
Back to Newsroom