Tag: modeling
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Importance of Financial Modeling Templates in Project Valuation and ROI Analysis
Financial modeling is a combination of accounting, finance, and business metrics aimed at forecasting a company’s future financial performance. As a versatile strategic planning tool, and provides vital insights that guide business decisions and enable stakeholders to achieve their financial objectives. This article explores the essence and the pivotal role templates play in streamlining project…
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Oil and gas drilling contractor Nabors acquires digital twin developer MindMesh
Oil and gas drilling company Nabors has acquired engineering technology firm, MindMesh. The acquisition includes the downhole simulation and modeling technologies that the MindMesh team has developed. Additionally, MindMesh co-founder and chief technology officer Raju Gandikota joined Nabors as a Director in the Controls and Automation group. Plans are in the works to integrate several…
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Avidbots and Maplesoft partner to design new autonomous commercial cleaning systems
Avidbots, a maker of commercial robotic cleaning systems, and Maplesoft, a provider of modeling and calculation software for engineering and research, have agreed a strategic partnership to “bring more innovation to autonomous cleaning robot design for commercial customers”. Warehouses and retail businesses are frequently turning to tech to provide efficient, cost-effective cleaning options for essential…
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The Best Mechanical Engineering Design Software in 2022
3D modeling software has become an essential tool for a lot of industries. It is used by mechanical engineers as well as designers in various applications ranging from simulation to manufacturing. But when it comes to choosing a good mechanical engineering design software from the list, it’s confusing. This is because there are a lot…
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Predictive Modeling in Healthcare
The healthcare industry continues to find itself in an entanglement with continuous risks. Handling these risks implies the applicability of highly accurate predictive technologies that promise improved medical care. Why does predictive modelling tools matter?
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nTopology and Oak Ridge National Laboratory partner to develop additive manufacturing technologies
nTopology has entered into a Cooperative Research and Development Agreement with Oak Ridge National Laboratory to advance the capabilities of additive manufacturing through integrated software toolkits and embed ORNL expertise into nTop software. The plan is for these capabilities to be made available commercially to the broader advanced-manufacturing market. The collaboration incorporates foundational nTopology software…
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Eclipse Foundation launches openMobility group to plan future of autonomous cars
The Eclipse Foundation has launched the openMobility Working Group, which will focus on open and shared collaboration around one of the major issues in urban planning around autonomous vehicles and future transportation requirements – traffic simulation and modelling. The Eclipse Foundation is an independent, not-for-profit corporation that acts as a steward of the Eclipse open…