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URM GROUP Announces Filing of Manufacturing Optimization Provisional Patent Application

November 7, 2023 in /by

Universal Risk Management Group (URM GROUP), a leading digital twin innovator, today announced that it filed a manufacturing optimization provisional patent application in the United States Patent Office (USPTO) and Japan Patent Office (JPO). The patent application sets forth a novel mathematical modeling method for manufacturing optimization of production processes. URM GROUP believes the innovation will help […]

URM GROUP CRO Nabil Abu el Ata Accepted into Forbes Business Council

October 24, 2023 in /by

Forbes Business Council is an invitation-only community for successful business owners and leaders Dr. Nabil Abu el Ata, Co-founder and Chief Research Officer (CRO) of URM GROUP, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. Dr. Abu el Ata was selected by […]

Introducing X-ACT PRO: Digital Twin Training Program

August 22, 2023 in /by

Overcome Business Obstacles, Improve Performance, and Meet Sustainability Targets with Proven Digital Twin Technologies and Strategies URM GROUP today launched X-ACT PRO digital twin training program to accelerate consulting service partners’ and X‑ACT end users’ digital twin maturity and time to value. The innovation of X-ACT PRO digital twin training program lies in its use of proven […]

Digital Twin Innovator URM GROUP Unveils X-ACT Green Supply Chain to Translate Decarbonization Goals into Action

June 27, 2023 in /by

Universal Risk Management Group (URM GROUP) today launched X-ACT Green Supply Chain digital twin. Enhanced with new patent-pending sustainability metrics, X-ACT digital twin and intelligent decision-making tools provide supply chain designers, operators, and stakeholders with the trusted insights they need to advance sustainability, net-zero, and decarbonization agendas. X-ACT Green Supply Chain analyzes dynamic behaviors across […]

Risk Rating: Scoring Challenges and Solutions

July 20, 2021 in , /by

Risk rating is a complex scoring system, which relies upon previous experiences and foresight to anticipate risks that might impact the smooth functioning of business. When risks are well managed, a business can maximize opportunities and control the impact of disruptive events. Alternatively, if a risk is underestimated—or not anticipated at all—a business can suffer […]

The Value of Digital Twin Technology

February 25, 2021 in , /by

Interest in digital twin technology is surging as use cases demonstrate its problem-solving value across diverse applications including operations, manufacturing, supply chains, utilities and enterprise management. A digital twin is commonly defined as a software representation of a physical asset, system or process designed to detect, prevent, predict and optimize the system being studied through real […]