Renault Group Taps Into Dassault Systèmes’ Data Science Solution
New cost intelligence solution with artificial intelligence enables Renault Group to simulate impacts of raw material price increases and part cost variations, according to Dassault.
Digital Thread News
Digital Thread Resources
February 3, 2023
Dassault Systèmes announces that Renault Group is leveraging the data science capabilities of Dassault Systèmes’ 3DEXPERIENCE platform to understand the increase of raw material prices and model the relevant optimization scenarios to reduce the impact on vehicle production costs.
The deployment of a cost intelligence solution extends Renault Group’s use of the 3DEXPERIENCE platform on the cloud from design and engineering to the strategic business functions of costing and purchasing, enabling these new users to contribute to the car manufacturer’s technological and digital transformation. Access to data-driven, actionable insights that are projected on the virtual twin of a vehicle offers ways to balance vehicle design with business.
The 3DEXPERIENCE platform provides Renault Group with a combination of artificial intelligence, machine learning, collaborative business processes and a single 3D data model of the vehicle to better manage the business impacts of market volatility. Renault Group can aggregate equipment designs, configurations, historical data and forecasts, and test different design scenarios in a virtual twin to understand, anticipate, quantify and optimize vehicle price and cost, as well as improve equipment purchasing negotiations by sharing these insights with other stakeholders.
“In a previous announcement, we talked about the virtual twin of the car and the entreprise to support the ‘Renaulution’ plan,” says Laurence Montanari, vice president, Transportation & Mobility Industry, Dassault Systèmes. “Our cost intelligence solution with NETVIBES artificial intelligence has allowed Renault to connect its data across the entreprise in less than six months. Now, we are extending the virtual twin from the vehicle to the supply chain. This project extends the platform’s usage to new business audiences at Renault Group to tackle the new challenges of our decade such as inflation, volatility and regulatory requirements.”
Renault Group is using the “Global Modular Architecture” industry solution experience based on the 3DEXPERIENCE platform, which integrates the cost intelligence solution. The cost intelligence solution is also available to companies in other industries that Dassault Systèmes serves.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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