Altair Engineering Sdn. Bhd. (Altair), the Malaysian operations of Altair Engineering Inc. (NASDAQ: ALTR), a company involved in leader in computational science and artificial intelligence (AI) is poised to help Malaysian companies ensure business continuity throughout the pandemic and stay relevant in the competitive market with our solutions
“With the digital economy continuing to escalate, adopting digitalization in an organization is no longer a matter of choice, but rather a competitive necessity. It’s apparent that as more and more Malaysian enterprises emerge from the pandemic they are aggressively exploring adoption of IR 4.0 technology to reap the benefits of cost optimization and improving product quality through modernization of workplaces,” explained Altair Managing Director for Southeast Asia, Australia and New Zealand, Srirangam Srirangarajan.
“Beyond technology, our team has been going the extra mile helping Malaysian companies ensure business continuity throughout the pandemic and staying relevant in the competitive market with our solutions,” he added.
In September 2021, Altair and Universiti Teknologi Petronas (UTP) elevated its public-private synergy to set up the Altair Professorial Chair in Applied Scientific Computing to provide sound counsel and practical solutions addressing various industry challenges.
The synergy aims to help organizations, especially start-ups, Small and Medium Enterprises (SMEs), and corporations, stay resilient and competitive. The Chair’s consultancy capabilities are available to enterprises of all scales from any industry offering products or services, positioning it as a significant asset to Malaysian enterprises.
In 2021 Altair further secured a position as a prominent technology partner to the Ministry of Science, Technology and Innovation (MOSTI), through its agency, the Malaysian Global Innovation and Creativity Centre (MaGIC), now known as MRANTI, following its convergence with Technology Park Malaysia. The public-private synergy saw Altair offer its industry knowledge and cutting-edge technology to pave the road towards Malaysia’s Techlympics: Youth STEM Competition and help businesses deploy and accelerate innovation through the National Technology and Innovation Sandbox (NTIS). Despite the challenging business environment, Altair seized the opportunity to extend reach to local enterprises and Malaysian youth, intending to elevate and cultivate innovative-thinking habits in the Malaysian landscape.
Sharing his observations on market trends in the region, Srirangam sees good traction in the manufacturing space, while banking continues to be the dominant segment for the group’s data analytics solutions, with Altair keen on providing solutions to assist the Islamic Digital Economy in Malaysia. “Data analytics is essential to derive business value from a large number of clients; keeping increasingly sophisticated cyber-attacks associated with Islamic Banking at bay through a variety of established methods for fraud detection ranging from Outlier Detection to more sophisticated custom build processes, including using advanced Decision Trees,” Srirangam explained.
With its regional headquarters located in Kuala Lumpur for 10 years, Altair understands ASEAN countries share ambitious national digital agendas that collectively seek to propel the region towards a digitally enabled economy that is secure, sustainable and transformative.