Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups in data analytics. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. This time, we are taking a look at 5 promising solutions in engineering design, prototyping, analysis and simulation (DPAS).
Heat Map: 5 Top Data Analytics Startups
For our 5 picks of data analytics startups, we used a data-driven startup scouting approach to identify relevant solutions globally. The Global Startup Heat Map below highlights 5 interesting examples out of 303 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
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DPAS software is deployed at the Front End of Innovation to reduce time, cost and labor required during new product development. Due to various macro and micro economic factors, R&D departments are aiming to further increase the efficiency and effectiveness of the new product development (NPD) process by deploying Data Analytics technology. Let’s take a look at a few application areas where big data analytics play a significant role:
UltraSoC – Anomaly Detection In A Complex System Simulation
Engineers involved in simulation processes have to be able to spot variation in their models. However, large amounts of data generated during simulation require the capacity to process and analyze at scale and speed, which is not possible for humans. UK-based startup UltraSoC provides intelligent analytics infrastructure for System on Chip (SoC) design & development in the semiconductor industry. By using their suite of Semiconductor IP, SoC designers achieve higher profits and reduce development cost.
Noesis – Product Design Optimization
Data analytics technologies are able to make permutations and combinations on product simulation models, which results in superior models. These models are smarter than others, due to which development engineers progress faster and further in the new product development funnel. Belgian engineering software and service provider Noesis provides an engineering data analytics tool that helps NPD teams with identifying optimum designs when they face design constraints and trade-off decisions.
Intuceo – Design Of Experiments & Surrogate Modelling
These are similar to models developed on the basis of training data and aimed at generating the best possible solutions. Under specific controlled experiments, a metamodel is built. The process is called surrogate modeling and helps identify unexplored design spaces and the best possible design. US-based big data solution provider Intuceo develops an elastic processing power in the cloud that aids with the design process for RSM (Response Surface Model) development, which, in turn, optimizes the design process and identifies uncharted design space.
Exabyte.io – Computational Materials Modeling
Whenever the material science industry comes up with advanced solutions, other industries immediately pick up these solutions to create new value chains. Big data analytics help R&D units of both product and material science developers to identify new materials & composites based on Training & Inference cycles of computational materials models. US startup Exabyte.io demonstrates material science simulation and modeling platform which reduces the duration of new materials prototyping by 5 times and their discovery time by 10 times.
Cvedia – Autonomous Vehicle Simulation
Next to the autonomous vehicle stack, the hottest innovation and strategic topic in the industry is autonomous vehicle (AV) simulation & testing. Real-life road testing and evaluation of AVs takes a millennium to complete with standard 8.8 billion miles. Singapore-based Cvedia uses game-based technology that generates all key sensor data models for AVs and the rest of the virtual driving scenarios which can be set up in HIL (hardware in the loop) & SIL (software in the loop).
What About The Other 298 Data Analytics Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 5 data analytics startups showcased above are promising examples out of 303 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.
