VELIZY-VILLACOUBLAY, France — February 2 2023 — Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) announced today that Renault Group is leveraging the data science capabilities of Dassault Systèmes’ 3DEXPERIENCE platform to cost production.
The deployment of the cost intelligence solution extends the 3DEXPERIENCE platform on the cloud from Renault Group’s design and engineering to cost and purchasing strategic business functions, enabling new users to support the automaker’s technological and digital transformation. Driven by data displayed on a vehicle’s virtual twin; Accessing actionable insights gives them innovative ways to balance vehicle design work.
Competitive automakers must balance sustainability with regulations and inflation. armed conflicts; health crises; climate change; Volatile raw material prices due to consumer demand and other global factors make it difficult to return on investment in adjusting the cost of a vehicle to the cost of its components.
In this challenging economic environment, 3DEXPERIENCE platform provides Renault Group with artificial intelligence, machine learning; Collaborative business processes and support Renault Group to better manage the business impact of market volatility. Renault Group designs equipment, formations; to gather and understand historical data and forecasts; predicting Calculating and optimizing quantity and cost, and sharing this insight with other stakeholders, can improve equipment purchasing negotiations.
“In a previous announcement, we talked about the car’s virtual twin and business team to support the ‘Renaulution’ program,” said Laurence Montanari, Vice President, Transportation & Mobility Industry, Dassault Systèmes. “NETVIBES artificial intelligence and our cost intelligence solution enabled Renault to connect its data across the industry in less than six months. Now, We are extending the virtual twin from the vehicle to the supply chain. During this uncertain time, Our solutions provide companies with the ability to simulate and predict the impact of supply chain disruptions or raw material price increases. This project addresses the new challenges of our decade: inflation, We extend the use of the platform to new business audiences at the Renault Group to address the new challenges of our decade, such as volatility and regulatory requirements.”
Renault Group is using the “Global Modular Architecture” business solution experience based on the 3DEXPERIENCE platform, which integrates a cost intelligence solution. The cost intelligence solution is also available to other industrial companies that Dassault Systèmes serves.
