MCADCafe Industry Predictions 2024 – Altair

By Christian Buckner, SVP, Data Analytics and IoT,
Mark Do Couto, SVP, Data Analytics
Yeshwant Mummaneni, Chief Engineer, Cloud
Keshav Sundaresh, Global Director of Product Management, Altair

Christian Buckner Mark Do Couto Keshav Sundaresh Yeshwant Mummaneni

Data/AI

1. AI Fuels the Rise of DIY Physics-based Simulation. The rapidly growing interaction between Data/AI and simulation will speed up the use of physics-based simulations and extend its capabilities to more non-expert users. (Christian Buckner, SVP, Data Analytics and IoT, Altair)
2. AI Will Need to Explain Itself. Users will demand a more transparent understanding of their AI journey with “Explainable AI” and a way to show that all steps meet governance and compliance regulations. The White House’s recent executive order on artificial intelligence will put heightened pressure on organizations to demonstrate they are adhering to new standards on cybersecurity, consumer data privacy, bias and discrimination. (Mark Do Couto, SVP, Data Analytics)
3. Blockchain Plays the Hero in Securing Data Lineage. As AI/ML models play key roles in critical decision-making, whether supervised by humans or in a completely autonomous fashion, model provenance/lineage becomes crucial. The foundational technology that powered blockchain to provide immutability of records, digital identities, signatures, and verifications leveraging cryptography will become a key aspect of enterprise AI to provide tamper proof model provenance. (Yeshwant Mummaneni, Chief Engineer, Cloud, Altair)
4. MLOps Moves to the Edge. MLOps (Machine Learning Operations) will significantly evolve to not only provide operational capabilities such as deployment, scaling, monitoring etc. but will include model optimization. This will encompass everything from hyperparameter tuning to tweak model performance to model size/quantization and performance optimization for specific chipsets and use cases such as for edge computing on wearable devices or cloud computing. (Yeshwant Mummaneni, Chief Engineer, Cloud, Altair)

Simulation/Digital Twin/Digital Engineering

1. SDM Gets Its Props. Interest in simulation data management (SDM) will soar out of a need to leverage historical simulation data to build better AL/ML models, a key value proposition for SDM. (Yeshwant Mummaneni, Chief Engineer, Cloud, Altair)
2. The CAE that Never Sleeps. Product design, development and validation already happens globally. But new platforms for simulation, data analytics, scalable HPC & cloud resources will shift how people work by keeping them productive irrespective of location, providing secure access to data and on-demand computing. (Yeshwant Mummaneni, Chief Engineer, Cloud, Altair)
3. No More Lock-Ups, No More Walls. With increasing pressures to innovate better, and faster, the industry will move away from vendor lock-in solutions to vendor agnostic Digital Engineering solutions in 2024. And the metaphorical wall/silos between research and services groups in organizations will continue to fade away with stronger integration of engineering data science applications. (Keshav Sundaresh, Global Director of Product Management, Altair)
4. Engineering Truth Sets Design Free. Leveraging open-architecture based Digital Engineering will formalize the development, integration, and use of models with an authoritative source of truth. This will enable organizations to trace performance, cost, and mass across the product development lifecycle. (Keshav Sundaresh, Global Director of Product Management, Altair)
5. Model Behavior Takes Hold.  With no-code (or code-optional) Model-Based Systems Engineering (MBSE) now available, we will see strong motivation from product development engineers to practice MBSE. And the integration between digital twins across the system life cycle with Model-Based Systems Engineering will become the cornerstone for agile product innovation in 2024. (Keshav Sundaresh, Global Director of Product Management, Altair)

About the Authors:
Christian Buckner, SVP, Data Analytics and IoT, Altair  cbuckner@altair.com
Christian Buckner is Senior Vice President of Data Analytics and IoT at Altair. He joined Altair in 2018, working as Director and VP of Product Management before becoming SVP of Data Analytics and IoT.
Mark Do Couto, SVP, Data Analytics, Altair
Mark Do Couto joined the Altair team in 2012. He is Senior Vice President of Data Analytics at Altair, responsible for the global strategy of the data unit, including support, consulting services, and product guidance.
Yeshwant Mummaneni, Chief Engineer, Cloud, Altair yeshwant@altair.com
Yeshwant joined Altair in 1997, where he now works as Chief Engineer of Cloud, Analytics, & IoT portfolio.
Keshav Sundaresh, Global Director of Product Management, Altair keshavs@altair.com
Keshav Sundaresh is Global Director of Product Management, Digital Twin and Model-Based Systems Engineering for Altair.

Category: Predictions

This entry was posted on Saturday, January 13th, 2024 at 12:31 am. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.