Munich [Germany], Dec 18 (ANI): Global technology powerhouse Siemens has gained further momentum in digitalization and has announced set up of 20 centers for digital customer applications in the industrial sector.
Moreover, to be close to its customers, the company has distributed its 20 centers across around 50 locations in 17 countries worldwide.
"With our global experience in electrification and automation and our industrial software expertise, we're generating optimal benefits for our customers; benefits that no other companies can replicate at such high levels of performance," he added.
Approximately, one million devices and systems are now connected together via MindSphere, and this figure will reach 1.25 million by the end of fiscal 2018.
As a result, users will enjoy the benefits of a more powerful development environment, additional analysis functions and expanded connectivity. For example, immense amounts of system-generated data will be quickly and efficiently captured, evaluated and used, to improve system performance and availability.
This technology will also help customers evaluate and employ their data to gain new types of insights. For example, downtimes can be predicted and prevented and conclusions drawn about a product and its manufacturing process. Users can also develop completely new business models using the technology.
During fiscal 2017, Siemens further extended its lead in software solutions and digital services.
The revenue from digital technologies, for instance, rose to €5.2 billion, of which €4 billion was attributable to software and €1.2 billion to digital services.
This corresponded to a 20 percent increase year-over-year and means that Siemens clearly outpaced market growth of about eight percent.
"We are using our industry know-how to scale the solutions and further broaden the business. With our MindSphere Application Centers, we're providing optimal support to our customers around the globe as they embrace the digital age," he added.
To further accelerate the innovation process, Siemens will again increase its research and development (R&D) expenditures in fiscal 2018 and invest an additional sum of around €450 million.
As a result, R&D spending will increase from about €5.2 billion in fiscal 2017 to over €5.6 billion in fiscal 2018. (ANI)