Siemens Xcelerator comprises a curated portfolio, a growing partner ecosystem and an evolving marketplace to speed up value creation across industry, buildings, grids and mobility
Curated portfolio of IoT-enabled hardware, software and digital services following key design principles of interoperability, flexibility, openness and as-a-service
Launch of new Building X end-to-end smart building Software-as-a-Service (SaaS) suite
Planned acquisition of Brightly Software will accelerate growth in digital buildings complementing Siemens' smart building portfolio
Partner ecosystem grows through industrial metaverse partnership with NVIDIA for physics-based, immersive digital twin development
Reaffirms Siemens' ten percent compound annual growth targets for digital business
MUNICH , June 29, 2022 /PRNewswire/ -- Siemens AG has launched an open digital business platform, Siemens Xcelerator, to accelerate digital transformation and value creation for customers of all sizes in industry, buildings, grids and mobility. The business platform makes digital transformation easier, faster and scalable. Siemens Xcelerator includes a curated portfolio of internet of things (IoT) enabled hardware, software and digital services from across Siemens and certified third parties; a growing ecosystem of partners; and an evolving marketplace to facilitate interactions and transactions between customers, partners and developers.
Roland Busch , President and CEO of Siemens AG, said: "Siemens Xcelerator will make it easier than ever before for companies to navigate digital transformation – faster and at scale. By combining the real and the digital worlds across operational and information technology, we empower customers and partners to boost productivity, competitiveness and scale up innovations."
"Our leading portfolio is transformed towards more open applications, with more cloud-based and as-a-service solutions and IoT-enabled hardware that can be constantly upgraded. At the same time, collaboration will reach a new level with a growing ecosystem of partners."
"Today's launch of Siemens Xcelerator, this week's acquisition of Brightly Software and our expanded partnership with NVIDIA are major milestones in implementing our strategy to accelerate high-value growth," Busch concluded.
Enabling digital transformation, easier, faster and at scale
The open digital business platform creates value for participants by facilitating interactions and fostering innovation between multiple parties – customers, partners, developers etc. as no one can do it alone. 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). The highest standards and value for all parties will be ensured by strong technical and commercial governance principles. Siemens and third-party offerings will adhere to the design principles of interoperability, flexibility, openness and as-a-service.
New SaaS launch – Building X
Siemens announced today the first new SaaS offering as part of Siemens Xcelerator. Building X is a new smart building suite to create a single source of truth (SSOT) that takes complexity out of digitalization and supports customers to achieve their net zero goals. It is an end-to-end data and analytics suite breaking down data silos across domains such as energy management, security and building maintenance. Building X is a modular, fully cloud-based open software suite, with AI enabled applications, strong connectivity and built-in cybersecurity.
On Monday, June 27, 2022 , Siemens announced the agreement to purchase Brightly Software, a leading U.S.-based asset and maintenance management software company. The acquisition will add Brightly's well-established capabilities across key sectors to Siemens' digital and software know-how in buildings. It will be a core element of the Siemens Xcelerator for Buildings portfolio.
Siemens also plans to integrate its industrial internet of things (IIoT) solutions for industry as Industrial Operations X, which brings together solutions and applications from sensor to edge to cloud, IoT as-a-service and low code development capabilities, as well as a wide range of ready-to-use-apps. It enables the fusion of data from the real world of automation with the digital world of information technology, enriched by Siemens' comprehensive vertical IT/ OT integration knowledge and capabilities. Breaking down data silos will help companies to increase their performance, productivity, flexibility and sustainability.
Partnership announced with NVIDIA for new era of immersive digital twin technology
Siemens commits to join forces and grow a strong partner ecosystem, building on existing strategic partnerships including Accenture, Atos, AWS, Bentley, Microsoft and SAP. The intention is to expand the partnership ecosystem with small, medium and large companies.
The first major partnership agreement under the Siemens Xcelerator umbrella is with NVIDIA. The two companies today announced an expansion of their partnership to enable the industrial metaverse and increase use of AI-driven digital twin technology that will help bring industrial automation to a new level. As a first step in this collaboration, the companies plan to connect Siemens Xcelerator, the open digital business platform and NVIDIA Omniverse, a platform for 3D-design and collaboration. This will enable an industrial metaverse with physics-based digital models from Siemens and AI-enabled, physically accurate, real-time simulation from NVIDIA where companies make decisions faster and with increased confidence.
Confirmation of digital growth strategy and goals
The launch of the Siemens Xcelerator platform is the logical next step in Siemens' digital strategy. Siemens will be able to unlock significant value for existing and new customers, especially new ones in the segment of smaller and mid-sized businesses.
As part of the launch, Siemens confirms its growth targets for digital business announced at the last years' capital market day, of a compound annual growth rate of around 10 percent over the business cycle. Digital revenue in fiscal year 2021 stood at €5.6 billion. The launch of the business platform is also consistent with its move towards as-a-service offerings and will bolster the aim of increasing annual recurring revenue.
Roland Busch added: "This is the logical next step in the implementation of our digitalization strategy to enable even faster innovation and value creation. Siemens Xcelerator brings the power of our focused technology company together with a thriving ecosystem of technology partners. We are joining together to simplify digital transformation so that customers of all sizes can benefit at speed and scale."
This press release is available at https://sie.ag/3QVfzrl
For further information on Xcelerator, please see www.siemens.com/xcelerator
Follow us on Twitter: www.twitter.com/siemens_press
Siemens AG (Berlin and Munich ) is a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power.
In fiscal 2021, which ended on September 30, 2021 , the Siemens Group generated revenue of €62.3 billion and net income of €6.7 billion. As of September 30, 2021 , the company had around 303,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate," "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens' management, of which many are beyond Siemens' control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decisions, assessments or requirements of regulatory authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens' net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
View original content to download multimedia:https://www.prnewswire.com/news-releases/siemens-launches-siemens-xcelerator--an-open-digital-business-platform-to-accelerate-digital-transformation-301578034.html
SOURCE Siemens Digital Industries Software
Yahoo Finance Live anchors break down how cruise stocks are performing as Morgan Stanley slashes Carnival Cruise Line’s price target.
Yahoo Finance Live anchors break down JP Morgan Chase’s recession forecast.
In this article, we discuss the 8 value stocks that Jim Cramer is warning about. If you want to read about some more value stocks that Jim Cramer is warning about, go directly to Jim Cramer is Warning About These 4 Value Stocks. As inflation numbers continue to add to the concerns around economic growth […]
One thing we could say about the analysts on Devon Energy Corporation ( NYSE:DVN ) - they aren't optimistic, having...
Loop Capital Managing Director Anthony Chukumba joins Yahoo Finance Live to discuss company earnings for Bed Bath & Beyond, a possible bankruptcy, and the outlook for retail.
Camelot loses legal battle to keep hold of National Lottery A defence spending cut – disguised by Boris Johnson's fiscal sleight of hand FTSE 100 falls 0.8pc as recession fears return Ben Marlow: Heathrow risks killing off the golden age of air travel Sign up here for our daily business briefing newsletter
Carnival stock was tumbling Wednesday after Morgan Stanley cut its price target to a Wall Street-low, saying it sees the case for a stock wipeout. Morgan Stanley analysts slashed their base case price target to $7, according to Bloomberg, and maintained an Underweight rating on the stock. In a worst, or “bear case” scenario, Carnival’s (ticker: CCL ) price could reach zero, they added.
The semiconductor manufacturer is going through a difficult time marked by questions about the demand for its graphics cards.
Yahoo Finance's Julie Hyman discuss stock performance for FedEx.
Shares of the artificial intelligence lending platform Upstart Holdings (NASDAQ: UPST) plummeted this morning after an analyst downgraded the company's stock and drastically cut his price target for its shares. Morgan Stanley analyst James Faucette downgraded Upstart's shares from equal weight to underweight and slashed his price target for the stock from $88 down to $19. Today's comments from Faucette add to a general pessimism that some investors have had toward Upstart over the past year.
The crypto industry is currently undergoing a truth test that will determine which projects are viable
(Bloomberg) -- U.S. Steel Corp., the nation’s third-largest steelmaker, announced it’s in talks to end production at its century-old furnaces in Illinois. Shares fell to their lowest since January.Most Read from BloombergTrump’s Final Scene Didn’t Go According to ScriptTesla Cuts 200 Autopilot Workers as California Site ClosesRussia Slips Into Historic Default as Sanctions Muddy Next StepsBig Tech Sinks Stocks Bruised by Recession Jitters: Markets WrapStocks Drop, Bonds Climb as Traders Turn Def
Bed Bath & Beyond CEO gets ousted after a brutal quarter.
Shares of NIO Inc. were knocked down by a short-seller report, alleging exaggerated financial results, even as the China-based electric vehicle maker said the report is without merit and contains 'numerous errors.'
With the recent broad market sell-off, valuations have returned to a more normal range, but many investors got caught up in the news of large price losses and dumped these companies out of fear rather than a full evaluation of the company. Should investors now consider adding these three price-deflated stocks to their portfolios? Cloudflare is "building a better internet" by allowing its customers to host the source code for their websites in its data centers worldwide.
After a difficult first half of the year, you may be surprised to see which sectors are forecast to rise the most.
We’re facing a maelstrom of conflicting currents in the markets today, with a series of headwinds running head-on into each other. Consumer sentiment is low – in fact, at the lowest levels ever recorded, with 79% of consumers expecting economic conditions to get worse in the coming year. Inflation is high, at levels not seen since 1981, and is expected to remain elevated through the end of 2023. Fuel prices are major driver with the national average for a gallon of gasoline exceeding $5. The hou
Altfest founded Altfest Personal Wealth Management in 1983 after working as a general partner and director of research Lord Abbett & Co. Before that, he was an analyst for several firms, including Lehman Brothers. Below, he modifies his methodology for a screen of dividend stocks to help investors weather turbulent markets.
The Dow Jones fell as inflation fears rose. A Warren Buffett stock rose after Berkshire Hathaway raised its stake. Nike and Apple stock fell.
Investors might be skeptical to put their money in the stock market now given the current market scenario. Excellent growth stocks are trading at a bargain now. Investors new to dividend stocks can consider these three that belong to an exclusive group of Dividend Kings.