US$200,000 research grant empowers College of Business Administration
students to fast-track their experience by exploringreal-world scenarios virtually
In a major breakthrough that could yieldextensive
benefits for Abu Dhabi’s business community, the College of Business
Administration (COBA) at Abu Dhabi University has received a research grant
worth US$208,500 from Simio LLC. The grant gives ADU leading-edge 3D animation
and modeling software to simulate real-world business scenarios in various
sectors like manufacturing, healthcare, transport, government and more.
Simiois a US-based technological pioneer with a global footprint, thus putting
the College of Business and Administration on par with some of the most
sophisticated business technology worldwide.
Commenting on the partnership, Dr Salam Abdallah,
Associate Professor of Management Information Systems at ADU said: “Unforeseen
circumstances can bring down a company, an industry or even an entire economy -
because certainty is the most valuable commodity in business. Previously,
entrepreneurs could only make decisions and then hope for the best. But now
with Simio’s ultra-advanced simulation technology, we are giving future
business leaders the freedom to try out different scenarios in the virtual
world to see what the outcomes would be in the real world. This way students
can fine-tune their skills while avoiding costly risks,and opening up a whole
new world of exciting possibilities to explore.”
The grant is expected to accelerate the experience of students, who will
now quickly gain hands-on experience in various industries instead of spending
many years trying out the same approaches in the real world. Simio has awarded
75 licenses to ADU to support teaching and research, and more licenses can be
granted if required.
Dr Mohsin Malik, Assistant Professor of Operations Management at Abu
Dhabi University’s College of Business and Administration added: “Many people still
believe that scientific research has no place in business, but we beg to
differ. This futuristic software from Simio proves that in-depth investigation
and experimentation is just as vital in business as it is in science. The
difference is that now business leaders will have a “safety net” because if a
certain approach fails to work in the virtual simulation, they don’t have to
find out the hard way in the real world. Simulations are saving countless lives
in fields like aviation, and similarly they can save countless businesses.”
The immersive visual experience, modern interface and engaging animation
is expected to make the learning process more intellectually stimulating for
students, giving them the edge in the job market, where ADU graduates have
achieved over 90% employability.
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