Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

India to be a key hub to accelerate digital, IoT adoption globally: Siemens

Stock Markets Sep 13, 2022 05:45
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. India to be a key hub to accelerate digital, IoT adoption globally: Siemens
 
SIEGn
-1.17%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
SIEM
+1.67%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 


India will play a key role in the global rollout of the ' Siemens (NS:SIEM) Xcelerator' programme, said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG (ETR:SIEGn).

The accelerator offers a comprehensive portfolio that includes digital and Internet of Things (IoT)-enabled offerings (software, hardware and digital services) from Siemens, and certified third parties.

"With over 6,000 software engineers at our development centres in the country, India will be at the forefront and a key hub to further accelerate the digital transformation efforts of our customers worldwide," Koerte said during the launch event here during the aSiemens India Innovation Day 2022'.

"With the launch of Siemens Xcelerator, I am confident that as partners, we can scale up the innovation and digital transformation journey for customers in India," he told the gathering.

'Siemens Xcelerator' also includes an evolving marketplace to facilitate interactions and transactions between customers, partners, and developers.

According to Sunil Mathur, Managing Director and CEO, Siemens Limited, SMEs in India will be the greatest beneficiaries of this platform as it can help them to scale up, upgrade and adopt new designs and components much faster to stay competitive.

"Siemens Xcelerator will help to create a powerful ecosystem of partners who can jointly accelerate digital transformation tailored to specific business goals. Our aim is to help companies to increase their performance, flexibility, and sustainability," said Mathur.

Siemens Limited is the flagship listed company of Siemens AG in India, and had operations of Rs 12,756 crore and 8,608 employees (as last reported).

The company has a unique project called 'Digital Twin' which is a virtual representation of a physical product or process, used to understand and predict the physical counterpart's performance characteristics.

'Digital twins' are used throughout the product lifecycle to simulate, predict, and optimise the product and production system before investing in physical prototypes and assets.

"Nearly 600 mid to small companies in India are already engaging with 'Digital Twin' product to eliminate the need for physical prototypes, reducing development time, and improving quality of the finalised product or process," said Mathur.

(Nishant Arora can be reached at nishant.a@ians.in)

--IANS
na/ksk/

 

India to be a key hub to accelerate digital, IoT adoption globally: Siemens
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email