Dassault Systèmes is developing a new data science solution to enable Renault Group to optimize the costs of its vehicles

Press release
VELIZY-VILLACOUBLEY — the 2 February 2023

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Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) announces that Renault Group is leveraging the data science capabilities of Dassault Systèmes’ 3DEXPERIENCE platform. The 3DEXPERIENCE platform allows the manufacturer to understand the impact of rising raw material prices and model the most suitable optimization scenarios to reduce the impact on vehicle production costs.

Application of the solution value exploration Enables Renault Group to extend the use of the 3DEXPERIENCE platform beyond design and engineering functions to strategic business functions such as cost and procurement analysis. This empowerment enables new users to contribute to the automaker’s technological and digital transformation. Additionally, the ability to access predictive-motion, data-driven insights into a vehicle’s digital twin provides them with innovative ways to balance vehicle design and competitiveness.

In order to remain competitive, automakers must maintain a balance between sustainability, meeting regulatory requirements, and inflation. But due to unpredictable parameters such as armed conflicts, health crises, climate change or consumer expectations, the high volatility of the price of raw materials makes it difficult to ensure a return on investment when the price of the vehicle is adjusted to its value. parts.

In such a tense economic context, the 3DEXPERIENCE platform provides Renault Group with an offering that combines artificial intelligence and machine learning tools, joint business processes and a unique and enriched 3D data model of the vehicle to best manage the commercial consequences of market volatility. . Renault Group can combine equipment designs, configurations, historical data and forecasts, and test different design scenarios in the digital twin to understand, predict, quantify and optimize vehicle value and pricing while sharing this information with others to improve equipment purchase negotiations. stakeholders.

“In the previous announcement, we talked about the digital twin of cars and the company that supports Renault Group’s strategic plan ‘Renaulution’,” said Dassault Systèmes Vice President of Transportation and Mobility Industry Laurence Montanari. “Our solution cost exploration Powered by NETVIBES’s AI enabled Renault to connect data from one end of its organization to the other in less than six months. Today, we are extending the digital divide from automotive to supply chain. In these times of uncertainty, our solutions enable companies to simulate and anticipate the impact of supply chain disruptions or rising commodity prices. By extending the use of the platform to new business users, this project will allow the Renault Group to respond to the new challenges of the decade, i.e. compliance with inflation, volatility or regulatory requirements. »

The Renault Group uses the Industry Solution Experience Global Modular Architecture powered by the 3DEXPERIENCE platform. value exploration. This solution is also available for other business sectors covered by Dassault Systèmes.

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FOR MORE‘INFORMATION

About the 3DEXPERIENCE platform from Dassault Systèmes, 3D creation, 3D digital mockup and product lifecycle management solutions: www.3ds.com/en.

To whom ABOUT DASSAULT SYSTEMS

Dassault Systèmes, a 3DEXPERIENCE company, is an “accelerator of human progress”. It offers collaborative virtual environments that enable companies and individuals to envision more sustainable innovations. By developing a virtual twin of the real world through the 3DEXPERIENCE platform and its applications, Dassault Systèmes enables its customers to push the boundaries of innovation, learning and manufacturing to create a more sustainable world for patients, citizens and consumers. Dassault Systèmes creates value for its 300,000 customers of all sizes in all industries and in more than 140 countries. For more information: www.3ds.com/fr

Dassault Systems press contact

Arnaud Malherbe
01 61 62 87 73
arnaud.malherbe@3ds.com

3DEXPERIENCE®, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA, NETVIBES, MEDIDATA, CENTRIC PLM, 3DEXCITE, SIMULIA, DELMIA and IFWE are “French” trademarks or registered trademarks of a Danish company. Company” (Versailles Commercial Registry No. B 322 306 440) or one of its subsidiaries in the United States and/or other countries.

• Dassault Systèmes is developing a new data science solution to enable Renault Group to optimize the costs of its vehicles

Source: https://www.globenewswire.com/news-release/2023/02…