Manufacturers can now best use their internal and external data to create and improve customized products that consistently align with customer demands.
According to Deloitte, 36 percent of customers expressed an interest in purchasing customized products, with half of them willing to wait longer for their customized products. Of these customers, 1 in 5 was willing to pay a 20 percent premium, while 22 percent were happy to share data in return for a more customized product.
All of this points to new opportunities for manufacturers. At the same time, they need to be prepared for new challenges. Mass customization requires manufacturers to provide customers with more options, thus increasing the number of product variants that manufacturers offer and manage. Additionally, they need to work with smaller batch sizes, more diverse portfolios and, typically, shorter time to market.
Therefore, to deliver sophisticated and specialized products while supporting high-volume production, manufacturers need to ensure that each function involved in the product lifecycle — from design to manufacturing to operations — is informed and responsive. This is possible with a smarter approach to mass customization that leverages big data analytics.
Smarter mass customization enables manufacturers to effectively answer customization demands through powerful data analytics. Our ebook demonstrates the full strategy.
Smarter mass customization is underlined by an insight-driven strategy that enables manufacturers to confidently and swiftly respond to customer demands. Whether it’s creating a new product or refining an existing one, they are guided to determine the best course of action and execute it with precision.
In this age of hyper-connectivity, social and enterprise data are in abundance and can be used to the manufacturers’ advantage. However, being able to use the data efficiently on an enterprise-wide scale is a challenge; it requires manufacturers to go beyond traditional analytics technologies, which were built to manage simple, transactional data.
To be successful in mass customization, manufacturers need the ability to transform complex and voluminous data into actionable insights. The right integrated platform can help them best use their data in the following ways:
The platform should provide a connected environment that unifies internal and external data so that manufacturers can derive value from diverse sources of information.
The platform should equip manufacturers with predictive data analytics to interpret data in the proper context and identify opportunities for product creation and improvement.
The platform should remove silos and allow insights and decisions to be relayed throughout the entire organization.
Dassault Systèmes’ 3DEXPERIENCE® platform is the enabler for smarter mass customization, allowing manufacturers to connect, contextualize and collaborate on their data.
By providing a single, integrated point of access to all of their underlying data, the platform allows manufacturers to:
With the 3DEXPERIENCE platform, manufacturers are now equipped to unlock the full potential of their data and deliver personalized customer experiences that tick the boxes for every buyer.
Learn more about how our industry solutions can help you to achieve your professional ambition and business objectives