Simulation and process modelling are necessary to avoid failures in any venture, said S.Balasubramanian, chairman, City Union Bank Ltd, here on Wednesday.
Inaugurating a two-day workshop on ‘simulation and process modelling’ at PRIST University here, Mr.Balasubramaniam said that in areas such as space research, simulated environment is pivotal. In other fields too simulation and process modelling is essential for risk management. However, simulated models should be validated with realities.
Presiding over the inauguration, N.Ethirajulu, Vice Chancellor, PRIST University, said that simulation is an imitation of real-world process or system over a period of time. Simulation involves creating a simulation model of the real system, generating an artificial history of the system, and observing the artificial history to draw inferences regarding the operational characteristics of the real system.
Process modelling and simulation deals with theoretical concepts and computational methods that describe, represent, and simulate the functioning of real-world processes. The main purpose of modelling and simulations are analysis and understanding of observed phenomena, testing hypotheses and theories, prediction of spatio-temporal system behaviours, and functioning of geospatial phenomena.
Geographic Information System (GIS) also plays a vital role in process modelling and simulation. GIS is a system that is designed to capture, store, manipulate, analyse, manage, and present all types of geographical data. In the simplest terms, GIS is the merging of cartography, statistical analysis, and database technology, Ethirajulu said.
"Real-time simulations, distributed on-line modelling, complex systems, dynamic systems in 3D space, and object-oriented reusable model development environments will be the future trends in process modelling and simulation", Ethirajulu said.
S.Sundaram, director, Electronics and Communication Engineering (ECE), also spoke. The workshop was sponsored by Council for Scientific and Industrial Research (CSIR).