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.

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.

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.

More Dassault Systemes Coverage

Unified Modeling And Simulation (MODSIM) For Sustainable Product Development
Companies in all sectors must address the need for greater sustainability to meet customer demands. The development of new products necessitates rigorous testing and evaluation, while efforts must be made to decrease emissions and operate in a more economical fashion.
FREE WEBINAR DEC. 5: Augmented Reality for First Time Right Assembly
In this webinar, Dassault Systèmes will discuss how augmented reality (AR) technology can optimize shop floor operations by improving worker productivity, reducing errors, enhance collaboration among teams, and ensure the required level of traceability.
FREE WEBINAR DEC. 12: Transformation Through Modeling and Simulation
In this webinar, Dassault will demonstrate how modeling and simulation (MODSIM) can enable business transformation by reducing development time, accelerating design space exploration, and providing an example of a new electric vehicle design process.
Dassault Systèmes Announces Winners of India-Based Product Design Competition
AAKRUTI Global 2024 aims at giving young engineers a platform to showcase ingenuity, innovation, and creative engineering skills with Dassault Systèmes’ technologies.
3DEXPERIENCE Platform to Enhance EV Development at Volvo
Dassault Systèmes’ 3DEXPERIENCE platform can help streamline collaboration and deliver data-driven approaches, according to Dassault Systemes.
TECHNIA Poised to Expand BIOVIA Customer Base
Virtual twin-focused company buys BIOVIA reseller business from Workflow Informatics Corp.
Dassault Systemes Company Profile

Share This Article

Subscribe to our FREE magazine, FREE email newsletters or both!

Join over 90,000 engineering professionals who get fresh engineering news as soon as it is published.


About the Author

DE Editors's avatar
DE Editors

DE’s editors contribute news and new product announcements to Digital Engineering.
Press releases may be sent to them via [email protected].

Follow DE
#27334