Experion has been building and launching successful digital and software products across multiple major industries for more than 15 years, and one thing is evident – products are only getting smarter. Whether they’re digital/software products or physical/hardware devices, most products are connected via built-in intelligence. Today, even basic products produce, consume, process, and leverage data, albeit with varying degrees of sophistication. Emerging technologies, along with certain convergent themes like automating trust, immersive interfaces, extended reality, working autonomy, digital reflection, and hyperconnected networks are not only changing how products are engineered, but are revolutionizing entire industries and redefining how businesses create value for their customers.
And the need for intelligent applications and digital products will likely accelerate over the next decade and beyond. According to a study by Facts and Factors, the global Internet of Things (IoT) market size and market share revenue was valued at approximately $310 billion in 2020 and is anticipated to reach around $1.8 trillion by 2028, at a CAGR of 24.5% (2021-2028). The industry 4.0 market alone was valued at $86.03 billion in 2020 and is expected to reach $267.01 billion by 2026 growing at a CAGR of 20.71% (2021 - 2026). The largest market is Europe and the fastest growing market is the Asia-Pacific region.
At Experion, we find this incredibly exciting for ourselves as product engineering specialists and for the future of our partnership with Altair, which specializes in simulation, high-performance computing (HPC) and artificial intelligence (AI) – which are all indispensable technologies that will drive digital product design and solve tomorrow’s most complex technological and business challenges.
Experion is a global IT solutions provider with a robust product engineering DNA and an unwavering focus on delivering value to our customers. Experion has been recognized for its expertise in digital product engineering services that drive new revenue streams, digitalize business processes, and improve operational efficiency and productivity.
Our partnership with Altair will help us deliver the intelligent, next-generation, product engineering solutions to our customers that will enable them to capitalize on emerging opportunities and become more successful. These solutions could take any shape – from smart supply chain solutions to self-managing irrigation systems, and from smart medical devices to autonomous public transport vehicles and more.
Through this strategic collaboration, Experion will gain deeper knowledge of Altair’s sophisticated and proven tools across data analytics and AI, IoT, and industrial design such as Altair SmartWorks, Embed, Activate and Inspire to name a few, and leverage them to deliver greater value to customers. Other solutions that Experion will provide through its partnership with Altair include:
- Altair Monarch for data discovery and transformation with the ability to connect various data sources, and to pre-process large volumes of data
- Altair Knowledge Studio delivers explainable artificial intelligence (AI) and automates machine learning tasks to enable people to make fully informed decisions based on massive amounts of data
- Altair Panopticon real-time data visualization and event processing engine which is designed to identify anomalies, trends, and outliers in seconds with real-time data, and share results across the organization using rich, powerful dashboards
Experion Technologies has broad and deep domain expertise in verticals like financial services, healthcare, retail, infrastructure, and education; we also have well-developed practices in areas like data engineering, experience design, cognitive computing, IoT, DevOps and more. By joining forces with Altair in these spheres of mutual interest and synergy, we hope to exchange insights, best practices, and to work jointly on challenging projects to deliver truly superior products to Enterprise customers.
Experion believes that the only way to thrive in this new era is to strategically join forces with skilled partners like Altair and together focus on solving specific business challenges of the future.
“As Altair’s presence in the data analytics space continues to expand, we are thrilled to have Experion join us in this expanding ecosystem. Their sound market expertise in this space, together with our complete portfolio, will bring significant value to clients looking to implement an effective and transformative data analytics strategy," said Gautam Ram, director, GSI Alliances.
“In the era of pervasive AI, your return on AI investments will rely on having the right talent on board, equipped with the right analytical tools," said Siraj Alimohamed, director, data and analytics practice, Experion Technologies.