COSMOS Delivers Productivity Gains to 100 Percent of Respondents in MIT Sloan School Survey.Business Editors/High-Tech Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--April 30, 2003 Analysis Applications Deliver High ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). by Cutting Field Failures, Prototyping Time and Costs, Independent Study Finds COSMOS(TM) analysis software increased productivity for 100 percent of the customers responding to a recent return on investment (ROI) study by a Massachusetts Institute of Technology's Sloan School of Management researcher, COSMOS announced today. Survey respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. cited sharp product quality gains that reduced field failures and product recalls, as COSMOS' primary contribution to productivity. The study surveyed thousands of current COSMOS users via Web-based questionnaires; several hundred companies responded. Companies in industries ranging from aerospace to consumer products use COSMOS, the SolidWorks Corporation's family of analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. applications, to test product designs. COSMOS applications electronically simulate simulate - simulation a design's mechanical operation and physical behavior, showing engineers how they will behave as physical objects. The productivity gains COSMOS customers reported were realized through higher overall product quality; avoiding failures and product recalls; reduced time-to-market; reduced numbers of prototypes, and fewer physical tests. The survey found that 67 percent of users attributed improved product quality to COSMOS. More than 59 percent of respondents said they were able to avoid field failures by using COSMOS, 56 percent used fewer prototypes, and 15 percent of respondents indicated that they were able to avoid product recalls completely. The companies surveyed used COSMOS primarily in the early stages of development to assess designs. Other popular uses include checking designs in progress; testing new products developed from existing product lines; "last check" analysis before final testing, and evaluating product failures in the field. The majority of respondents - 96 percent - used COSMOS for stress analysis. Many also used it for thermal, motion, and fluid flow analysis. The survey also found that users didn't have to wait long to realize COSMOS' benefits. It took an average of just 10 days to become proficient pro·fi·cient adj. Having or marked by an advanced degree of competence, as in an art, vocation, profession, or branch of learning. n. An expert; an adept. with the COSMOS analysis software, and 40 percent of respondents said they learned how to use the software in five days or less. "Analysis software is proving its value every day in demanding settings," said Suchit Jain, vice president of analysis products for SolidWorks Corporation. "This survey helps dispel the old attitudes that analysis software is too complex and time consuming. Our customers said it best: it's easy to use and shows almost immediate return on investment through better quality and higher productivity." A complete copy of the report is available for download from the COSMOS Web site, www.cosmosm.com. About COSMOS and SolidWorks Corporation The SolidWorks COSMOS product family is a suite of analytical applications that test product designs by electronically simulating their mechanical operation and physical behavior, showing engineers how they will behave as physical objects. SolidWorks Corporation, a Dassault Systemes Dassault Systemes (Dassault Systèmes S.A.) (Pronounced - Dasoh) (NASDAQ: DASTY; Euronext: 13065) is a leading company specializing in 3D and PLM (Product Lifecycle Management) software. S.A. (Nasdaq: DASTY, Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. : #13065, DSY DSY Drum Storage Yard .PA) company, develops and markets software for mechanical design, analysis, and product data management. Founded in 1993, SolidWorks' mission is to unleash the power of 3D for everyone in product development and foster a collaborative user community. In seven years of delivering product, SolidWorks has shipped more than 245,000 total seats of software worldwide. SolidWorks has offices around the globe and sells, distributes, and supports its products through a worldwide reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. network. For the latest news, information, or a live online demonstration, visit the company's Web site (www.solidworks.com) or call 1-800-693-9000 (outside of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , call +1-978-371-5000). SolidWorks is a registered trademark of SolidWorks Corporation. COSMOS and COSMOSWorks are registered trademarks of Structural Resource and Analysis Corp. Other brand and product names are trademarks of their respective owners. Copyright (c) 2003 SolidWorks Corporation |
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