ITW (Illinois Tool Works)
Canvas Category OEM : Chemical
ITW (NYSE: ITW) is a global industrial company built around a differentiated and proprietary business model. The company’s seven industry-leading segments leverage the unique ITW Business Model to drive solid growth with best-in-class margins and returns in markets where highly innovative, customer-focused solutions are required. From state-of-the-art dishwashers, ovens and refrigerators in restaurants and hotels, to automobile components inside vehicles all over the world … the products we manufacture and the solutions we design are all around us. The buildings where we live and work are built with ITW construction and welding products, and our ITW test & measurement solutions help to ensure the quality and safety of millions of products. ITW’s dedicated colleagues around the world thrive in the company’s decentralized and entrepreneurial culture. Our leaders have deep expertise in the ITW Business Model and leverage it to deliver superior performance and value to our customers.
Assembly Line
How Cloud-Native CAE Simulation Boosts Growth & Savings
From CFD analyses of aerodynamics, turbomachinery, and urban microclimates to FEA simulations of structural mechanics in automotive and consumer products, all the way to thermal analyses for indoor environments and electronics cooling, the applications for engineering simulation are numerous and can involve multiple physics. In this article, we dive into cloud simulation and CAE and find out how it strategically impacts business growth and helps optimize financial resources, enabling sustainable growth and profitability while minimizing risks. We explore in numbers how various companies from different industries have benefited from SimScale’s cloud-native simulation platform and how you can, too.
One example is ITW, a global design and engineering firm and a leading global supplier of auto parts. Using SimScale, ITW engineers conducted nonlinear static simulation and analysis to accelerate the development of plastic automotive fastening components, allowing them to minimize the insertion force of their fasteners by up to 85% while saving 10% of their R&D costs.