STOCK TITAN

Ansys Launches Ansys SimAI™

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Ansys (ANSS) launches Ansys SimAI, an ultra-fast AI-based addition to its portfolio, accelerating the design process by 10-100X for projects requiring extensive computational power. The solution supports an open ecosystem and cloud-enabled access across all industries, democratizing simulation through intuitive interfaces and processes.
Positive
  • None.
Negative
  • None.

Insights

The introduction of Ansys SimAI marks a significant advancement in the engineering software industry. This AI-based SaaS application promises to drastically reduce the time required for virtual testing and design, which is a critical factor in a company's ability to innovate and bring products to market more quickly. From a market perspective, the ability to accelerate design processes by 10-100X without sacrificing predictive accuracy could give Ansys a competitive edge, potentially increasing its market share and attracting new customers seeking efficiency gains.

Moreover, the emphasis on a physics-agnostic platform that supports an open ecosystem and cloud-enabled access indicates a strategic move towards more collaborative and flexible design processes. This could resonate well with the current trend of digital transformation where businesses are looking for scalable, secure and accessible solutions. The market reaction to this launch will likely hinge on the balance between the perceived value of the increased speed and the cost of the service, as well as the effectiveness of Ansys' go-to-market strategy in communicating these benefits to potential customers.

The release of Ansys SimAI could have a notable financial impact on Ansys' performance. By offering a solution that significantly cuts down on product development cycles, Ansys is tapping into the demand for tools that enable faster time-to-market – a key driver of success in many industries. This innovation may lead to increased revenue streams from new and existing customers who are looking to invest in advanced design capabilities.

The SaaS model is particularly attractive from a financial standpoint due to its recurring revenue nature, which can lead to a more predictable and stable cash flow. Additionally, the cloud infrastructure aspect of Ansys SimAI suggests a potential reduction in costs related to data management and security for customers, which could be a strong selling point. Investors will be monitoring the adoption rate of Ansys SimAI and its impact on the company's financials, including revenue growth and profit margins.

The technological implications of Ansys SimAI are multifaceted. By employing generative AI in conjunction with simulation, Ansys is pushing the envelope in design exploration, allowing for a more iterative and innovative approach to product development. The fact that Ansys SimAI is designed to be user-friendly and accessible to those without deep learning expertise broadens the potential user base, potentially disrupting traditional design and simulation markets.

The shift towards AI-driven solutions in the engineering software space is indicative of a larger industry trend towards automation and intelligence augmentation. The use of shape-based inputs rather than geometric parameters for design signifies a move towards more natural and intuitive human-computer interactions. The success of this technology will hinge on its ability to integrate seamlessly with existing workflows and its effectiveness in delivering on the promised speed and accuracy improvements.

New, ultra-fast AI-based addition to the Ansys portfolio enables more virtual testing and creative design

/ Key Highlights

  • The Ansys SimAI™ solution accelerates the design process by 10-100X for projects that require extensive computational power, facilitating more design variations
  • Ansys SimAI supports an open ecosystem and cloud-enabled access across all industries

PITTSBURGH, Jan. 9, 2024 /PRNewswire/ -- Ansys (NASDAQ: ANSS) today launches its newest Artificial Intelligence (AI)-based technology, Ansys SimAI, a physics-agnostic, software as a service (SaaS) application that combines the predictive accuracy of Ansys simulation with the speed of generative AI. The new solution supports an open ecosystem and predicts performance within minutes — democratizing simulation through intuitive interfaces and processes.

Demand for engineering software solutions that improve productivity without sacrificing accuracy has grown significantly, driven by more sophisticated products and shorter time-to-market imperatives. In short, today's companies can't afford to wait-and-see. By infusing advanced generative AI into the design process alongside simulation, users can redefine and gain more value out of existing processes to meet the needs of a dynamic market. Operating at extreme speeds, Ansys' latest AI solution accelerates research and development, shortens product development cycles, and promotes human creativity by enabling expansive design exploration opportunities.

The Ansys SimAI solution is intuitive and easy-to-use, designed for users without coding experience or deep learning expertise. Instead of relying on geometric parameters to define a design, Ansys SimAI uses the shape of a design itself as the input, facilitating broader design exploration even if the structure of the shape is inconsistent across the training data. The application can boost prediction of model performance across all design phases by 10-100X for computation-heavy projects. Customers can train the AI using previously generated Ansys or non-Ansys data. Training and predictions are hosted on a state-of-the-art cloud infrastructure to ensure that user data is secure and kept private.

"With Ansys SimAI, we will be able to easily test a design within minutes and rapidly analyze the results, ultimately redefining our digital engineering workflow and reshaping our perception of what is possible," said William Becamel, expert leader in numerical modelling and simulation, Renault Group. "By enhancing simulation speed, we can explore more technical possibilities during the upstream phase of our projects and reduce the overall time-to-market."

"Our customers across industries are becoming more reliant on generative AI to improve their design processes," said Shane Emswiler, senior vice president of products at Ansys. "The increased demand for cloud-native solutions signals momentum in the shift from siloed workflows to a more open, collaborative approach to simulation. Ansys SimAI, in combination with other Ansys solutions, opens a world of possibilities — helping organizations develop comprehensive, end-to-end processes for diverse applications with inherent time and cost saving benefits."

Additional AI-enabled offerings, including Ansys AI+™ products and AnsysGPT™, will be available in Q1 2024.

Visit Ansys at CES in Las Vegas from Jan. 9-12, 2024, at booth #6500 to learn more. 

/ About Ansys

Our Mission: Powering Innovation that Drives Human Advancement™

When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–T

/ Contacts

Media             

Mary Kate Joyce


724.820.4368


marykate.joyce@ansys.com 

Investors         

Kelsey DeBriyn


724.820.3927


kelsey.debriyn@ansys.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ansys-launches-ansys-simai-302029649.html

SOURCE Ansys

FAQ

What is the new AI-based technology launched by Ansys?

Ansys launches Ansys SimAI, a physics-agnostic, software as a service (SaaS) application that combines the predictive accuracy of Ansys simulation with the speed of generative AI.

How does Ansys SimAI accelerate the design process?

Ansys SimAI accelerates the design process by 10-100X for projects that require extensive computational power, facilitating more design variations.

What industries does Ansys SimAI support?

Ansys SimAI supports an open ecosystem and cloud-enabled access across all industries.

What is the impact of Ansys SimAI on engineering software solutions?

The demand for engineering software solutions that improve productivity without sacrificing accuracy has grown significantly, driven by more sophisticated products and shorter time-to-market imperatives.

How does Ansys SimAI promote human creativity?

Ansys SimAI promotes human creativity by enabling expansive design exploration opportunities, shortening product development cycles, and accelerating research and development.

Ansys Inc

NASDAQ:ANSS

ANSS Rankings

ANSS Latest News

ANSS Stock Data

29.98B
87.10M
0.41%
96.42%
1.52%
Software - Application
Services-prepackaged Software
Link
United States of America
CANONSBURG