Share this article Share this article First-of-its-kind collaboration will drive transformative business value by reducing development time and costs, improving product performance and quality TROY, Mich., Jan. 19, 2021 /PRNewswire/ -- Altair, (Nasdaq: ALTR) a global technology company providing solutions in data analytics, simulation, and high-performance computing (HPC), today announced that it has signed a memo of understanding (MoU) with Rolls-Royce Germany to collaboratively connect artificial intelligence (AI) and engineering to derive business value across Rolls-Royce's engineering, testing, and design of aerospace engines. Industries globally are increasingly seeking ways to leverage data analytics and AI to significantly increase revenues, cut costs, and reduce risks. Forward-thinking organizations like Rolls-Royce Germany are undergoing groundbreaking digital transformations and have identified engineering as a key area. In particular, the collaboration with Altair will address structural analysis and testing, bringing together vast amounts of historical product and in-service data from disparate sources to unlock new AI-driven engineering use cases to drive significant business value.