Top 20 Simulation Companies - 2018
"Every failure and wrong attempts discarded is another step forward,” said Thomas Edison when asked about success amidst failure. However, continuous failure during business operations is a physical and mental undertaking that far exceeds most people’s endurance. Simulation is the answer to that problem. For years now, people have been calling getting simulations out to the engineers as ‘democratization’. Today, new breeds of innovators outsource a wide spectrum of simulation solutions—changing the face of business strategy as we know it. But, the path is anything but easy. Driven by the objective of revolutionizing business strategies, simulation technology has become a vital component of any company. From designing business models and value chains to constructing organizational structures and medical research, simulation technology is a fundamental economic factor of any vertical in today’s digital transformation.
With simulation technology now on a roll, companies are able to test out their processes, algorithms, and even field assets in a virtual environment, eliminating design errors. Instead of constructing expensive, untested prototypes, companies can use advanced simulation technologies to accurately assessing the product development, workflow, and maintenance required. This not only improves product quality but also speeds up the time to market. Additionally, simulation enables researchers to test out work steps associated with specific activities to maximize workforce safety and comfort. Sounds convenient, doesn’t it? With the advent of virtual reality (VR) and augmented reality (AR), users can now procure detailed information from a simulation by strolling through the virtual environment.
However, choosing between simulation solutions providers that are the best fit always get companies in a bind. Mitigating the malady of finding the apt partner, a distinguished panel of CEOs, CIOs and simulation analysts has narrowed on the simulation solution providers that exhibit competence in delivering innovation in simulation technology.
We present to you CIO Review’s “20 Most Promising Simulation Solution Providers – 2018.”