Altair a Nasdaq listed high tech company involved in in converging simulation, high-performance computing (HPC), and artificial intelligence (AI), will now be partnering National Technology and Innovation Sandbox to accelerate the development and commercialisation of innovative solutions designed by the Malaysian tech ecosystem.
The collaboration received a welcome response from Altair Managing Director for ASEAN and ANZ Srirangam Srirangrajan who said that Altair was honoured to be a technology partner of NTIS and as a global technology company, they have a track record of empowering enterprises across industries by customizing solutions through data analytics, simulation, Artificial Intelligence (AI) and high-performance computing (HPC) to address unique business challenges.
NTIS, established in August 2020, was launched under the National Economic Recovery Plan (PENJANA) initiative. Its role is in propagating the use of emerging technology, particularly in addressing the challenges brought on by the pandemic, stimulating growth for the industry, and reviving the economy through new initiatives.
The NTIS facility enables researchers, innovators, start-ups, and high-tech entrepreneurs to test products, services, business models, and delivery mechanisms in a live environment.
Malaysian businesses with ideas of new products and services for the local market and beyond will be supported throughout, from the R&D stage all the way to commercial readiness. This includes consultancy at the application stage, availability of research facilities with the best of breed product development technologies, and resources such as labs and testbeds, funding, and finally, access to the greater market. added MaGIC Acting Chief Executive Officer, Amiruddin Abdul Shukor.
Within a decade of its presence in Malaysia, Altair has built a solid portfolio of advanced solutions that address unique challenges for sectors across the board. These include condition monitoring and predictive maintenance for turbomachinery that are critical in the manufacturing sector, automating bus rollover passenger safety simulations for the automotive industry, data aggregation and risk analytics for banking and finance institutions, and human resource analytics for organizations in general, to name a few.
Addressing the current needs of the Malaysian economy, NTIS empowered by Altair’s expertise and know-how, welcomes industries from targeted socioeconomic sectors that can enable Malaysia to solve some of the grand challenges that the country is facing such as in medical and healthcare technology, manufacturing, agriculture, education and travel and tourism. While open to all types of technologies, focus is given to technology drivers in the realm of 5G/6G, drones, blockchain, 4D/5D printing, robotics and cybersecurity and encryption.
