For his final Executive Decision segment of "Mad Money" Monday, Jim Cramer sat down with Ajei Gopal, president and CEO of Ansys Inc. (ANSS) , a simulation software company with shares that are up 37% for the year to date.
Gopal said whether you are building a microchip or a rocket ship, you need the ability to design, test and validate your products and that's what Ansys allows companies to do. They allow designs to get to market faster, cost less money and be more efficient. Gopal noted that it takes eight billion miles to validate an autonomous car system, for example, and that's simply impossible to do in the real world. But with simulation, companies can test thousands of cars at the same time.
Simulations and testing are no longer just at the end of the design process, Gopal said. These technologies are taught in undergraduate engineering programs and are used throughout the process, from prototypes to final designs.
realmoney.thestreet.com |
