India to be global hub for digital, IoT adoption: Siemens

German industrial manufacturing major Siemens on Tuesday launched Siemens Xcelerator, an open digital business platform to accelerate digital transformation and value creation for companies, including over 60 million small and medium enterprises (SMEs) in the country, the company said.

“Our customers across sectors including infrastructure, industries, mobility, energy, are saying that they need to be more productive, provide better quality and become more resilient and sustainable,” said Peter Koerte, Chief Technology Officer and Strategy Officer, Siemens AG, adding that through the Xcelerator, Siemens is focusing on providing the best in class solution to its customers.

Koerte added that the company wants to grow its digital business more than 10% and grow it fast.

The accelerator offers a 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 added. He was speaking at Siemens India’s annual flagship event, Siemens Innovation Day 2022, in Mumbai.

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

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According to Sunil Mathur, Managing Director, Siemens Limited, SMEs in India will be the greatest beneficiaries of this platform as it can help them 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’ has a unique project called ‘Digital Twin’ which is a virtual representation of a physical product used through the product lifecycle to simulate, predict, and optimize 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,” added Mathur.

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