| | OCTOBER 20186CIOReviewToday, simulation technology has made its way into numerous training and prototyping applications across wide-ranging fields such as energy, automotive, manufacturing, aviation, and defense. Add to that the ever-growing innovations within IoT, big data, and AI, and the possibilities become near limitless. With digital twins becoming a common adoption and given the ease of linking simulation solutions with CAM software, companies are leveraging sensors to accurately design and simulate real-world objects with real-life conditions. As a result, it has led to radical reductions in the cost and time of product development as it negates the necessity of creating physical models for prototyping and testing purposes. In addition, several solution providers are focused on developing predictive simulation tools to uncover and redefine the dynamics of internal business processes.Innovations in the simulation sector are fostering product offerings with a wider range of capabilities and greater depth, which are being actively incorporated by industry leaders into their business workflows. To add to this, companies are resorting to simulation technologies to improve workforce training methods, helping them test employee skills against real-world scenarios. Complementing this, MarketsandMarkets expects the global simulation software market to grow from $6.26 billion in 2017 to $13.45 billion by 2022, at a CAGR of 16.5 percent.As providers of simulation technology actively increase their repertoire of possibilities, simulation will find more wide-reaching use in other industries such as mining, oil and gas, and construction. In this edition of CIOReview, we are featuring the key players in the simulation technology space along with insightful articles from thought leaders in the industry. We believe this edition will help you in evaluating and formalizing effective simulation-focused strategies for your organization.Let us know your thoughts.Jeevan George Managing Editoreditor@cioreview.comEditorialSimulation: Paving the Road to InnovationCopyright © 2018 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewOCTOBER - 26 - 2018Contact Us:Phone:510-556-2402Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com October - 26 - 2018, Vol 07 SE 86 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewEditorial StaffSalesAaron PierceCarolynn WaltersJustin SmithShirley FaithRussell ThomasVishnu KelothAlex Jonesalex.jones@cioreview.comVisualizersIssac GeorgeJohn GouthamManaging EditorJeevan GeorgeSIMULATION SPECIAL*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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