Although most corporate executives concur that going digital is a top priority for their organizations, these changes frequently stop in practice. Only 40% of companies are successful in scaling up their digital transformation.
To speed up digital transformation and value creation for clients of all sizes in the industry, buildings, grids, and mobility, Siemens AG has introduced an open digital business platform, Siemens Xcelerator. The business platform facilitates a quicker, more scalable, and easier digital transformation. In addition to a growing ecosystem of partners, a dynamic marketplace, and a curated portfolio of internet of things (IoT) enabled hardware, software, and digital services from within Siemens and from approved third parties, Siemens Xcelerator also has a growing community of partners.
The open digital business platform creates value for participants by facilitating interactions and fostering innovation between multiple parties. With the launch of Siemens Xcelerator, step-by-step, Siemens will transform its entire portfolio of hardware and software to become modular, cloud-connected, and built on standard application programming interfaces (APIs). Technical and commercial governance principles will ensure all parties’ highest standards and values. Siemens and third-party offerings will adhere to interoperability, flexibility, openness, and as-a-service design principles.
Enabling easier, quicker, and more widespread digital transformation
Since no one can innovate independently, the open digital business platform benefits users by stimulating connections and encouraging creativity among various stakeholders, including consumers, partners, developers, and others. With the introduction of Siemens Xcelerator, Siemens will gradually convert its whole range of hardware and software so that it is modular, cloud-connected, and constructed using industry-standard application programming interfaces (APIs). Strong technical and commercial governance principles guarantee the highest quality and value for all stakeholders. Offerings from Siemens and other companies will follow interoperability, flexibility, openness, and as-a-service design tenets.
New SaaS launch – Building X
Siemens announced the first new SaaS offering as part of Siemens Xcelerator. Building X is a revolutionary smart building suite that provides a single source of truth (SSOT) that simplifies digitalization and helps clients reach their net zero objectives. Data silos in energy management, security, and building maintenance are broken down by an end-to-end data and analytics package. Building X is an open software package that is completely cloud-based, modular, and has built-in cybersecurity and AI-enabled applications.
On June 27, 2022, Siemens stated that it had reached a deal to buy Brightly Software, a renowned provider of asset and maintenance management software located in the United States. With this purchase, Siemens’ digital and software expertise in buildings will also include Brightly’s well-established strengths across important industries. The Siemens Xcelerator for Buildings portfolio will be a key component.
Siemens also intends to incorporate Industrial Operations X, which combines solutions and applications from the sensor to edge to cloud, IoT as-a-service and low code development capabilities, as well as a wide variety of ready-to-use apps, into its industrial internet of things (IIoT) solutions for industry. Utilizing Siemens’ extensive vertical IT/OT integration expertise and capabilities allows the unification of data from the physical world of automation with the digital world of information technology. Companies can operate better and be more productive, flexible, and sustainable if data silos are broken down.
A partnership with NVIDIA for the advent of immersive digital twin technology has been announced.
Siemens commits to working together and developing a powerful partner ecosystem, expanding on current strategic alliances with Accenture, Atos, AWS, Bentley, Microsoft, and SAP, among others. The partnership ecosystem is intended to grow with small, medium, and big businesses.
NVIDIA is the subject of the first significant collaboration contract under the Siemens Xcelerator banner. The two businesses today announced an extension of their relationship to allow the industrial metaverse and enhance the usage of AI-driven digital twin technology that will help raise industrial automation to a new level. The firms want to link NVIDIA Omniverse, a 3D design and collaboration platform, and Siemens Xcelerator, an open digital business platform, as the first stage in their partnership. This will make it possible for businesses to make choices more quickly and confidently in an industrial metaverse equipped with physics-based digital models from Siemens and AI-enabled, physically correct, real-time simulation from NVIDIA.
Confirmation of digital growth strategy and goals
The natural next step in Siemens’ digital plan is the release of the Xcelerator platform. For current and potential clients, Siemens will be able to unleash a great deal of value, particularly for newcomers in the market for small and medium-sized enterprises.
In conjunction with the launch, Siemens reaffirms its growth goals for the digital business, which included a compound annual growth rate of around 10% throughout the business cycle and were first stated at the capital market day last year. In the fiscal year 2021, digital revenue was €5.6 billion. Launching the business platform will support the company’s goal of raising yearly recurring income and is consistent with its shift to as-a-service offerings.
India will be the key hub to accelerate digital initiatives further.
India has one of the largest 4G client bases, which is currently fast advancing toward 5G, as well as more than 75 crore cellphones, more than 80 crore internet users, and other statistics. By 2025, the Indian AI industry is anticipated to be worth USD 7.8 billion, while the country’s industrial IoT market is expected to rise at a CAGR of 15.5% from 2020 to 2026. In addition, the Indian government wants to use the digital economy to generate $1 trillion in economic value by 2025.
India’s digital transformation is led by CIOs of companies, from small and medium-sized businesses to major corporations in the industry, energy, infrastructure, and transportation verticals. While a CIO’s top concerns are frequently the total cost of ownership and return on investment, addressing integration issues brought on by shifting market dynamics, a lack of expertise and resources, and changing customer expectations are just as important.
Partnership with UAE’s Ministry of Industry and Advanced Technology (MoIAT)
The UAE’s Ministry of Industry and Advanced Technology (MoIAT) has partnered with Siemens to hasten the industrial sector’s digital transformation.
The collaboration will also create a strategic roadmap for putting Industry 4.0 concepts into practice.
More than 70 industrial enterprises nationwide have already been evaluated, and by the end of 2022, the ministry and Siemens will analyze 200 industrial companies in the UAE for their digital maturity. This program will assist the goals of the “UAE Industry 4.0” program to increase industrial productivity by 30% and add Dhs25 billion to the national economy over the next ten years. MoIAT and Siemens will administer it.
UAE Industry 4.0, supported by MoIAT, aims to expand the integration of additive manufacturing, deep learning, machine learning, artificial intelligence (AI), and the Internet of Things (IoT) into the value and supply chains that underpin the industrial sector.
The UAE will be able to ascertain its present baseline level for adopting Fourth Industrial Revolution (4IR) technologies across the country’s industrial sector thanks to the digital maturity assessment program. The industries that are prepared for digital transformation to boost productivity and support the nation’s economic competitiveness will also be identified.
It is no longer enough to sell products in today’s industrial world. Businesses may collaborate to access existing solutions that decrease emissions, boost energy efficiency, and cut waste more quickly than ever before by collaborating and sharing information and experience in a confidential, reliable manner made possible by digital technology. Particularly small and medium-sized businesses can profit from the art of the possibility and reuse of existing solutions.
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