"When it comes to engineering, the tools are mostly file-based, which hinders sharing of information, design and other changes in real time, thereby leading to delays and cost escalation in some cases," Dassault Systemes ENOVIA Global CEO Andy Kalambi told reporters here.
In the Indian market, firms have been going through a rough patch for the last two years and are looking at ways to drive revenues and transform margins, he added.
"If we look at the manufacturing space in India, there is clearly a need for a solution that can bring together all the process in the industry and make them work on the same page," Dassault Systemes India Managing Director Chandan Chowdhury said.
The firm is looking at the manufacturing segment and especially the automobile industry with ENOVIA.
"Automobile industry that has been facing a decline in sales and is battling a host of issues including rising input and high interest rates can use ENOVIA to not only optimise costs, but also streamline operations," Kalambi said.
According to a PwC report, the automobile industry accounts for 6.7 per cent of India's GDP with an annual turnover of around USD 55 billion in FY 2013 and employs around 18.5 million people.
PwC added that giving interest-free repayment and discounts up to 20 per cent to catch customers at dealerships, the car industry faces tough times.
ENOVIA is an open and scalable product lifecycle management PLM platform that relies upon universal language of 3D, while providing a strategic foundation for all communities to participate in the product lifecycle online, Kalambi said.
It enables real-time global collaboration among anyone with a role in the product's development, reducing the cost to deploy, manage and support a PLM system while encouraging innovation, he added.
"ENOVIA is committed to providing products and solutions for individuals at organisations of all sizes - from small businesses to the largest global enterprises - to participate in effective and rewarding collaborative innovation," he added.