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Siemens Innovation Day 2017 – Unlock the potential with digitalization

Munich, 15 December 2017
Siemens Innovation Day 2017 – Unlock the potential with digitalization

Siemens Innovation Day 2017 – Unlock the potential with digitalization

Press and Analyst Event

Siemens further expands its leadership role in industrial digitalization
Siemens is the first company worldwide to set up 20 centers for digital customer applications in the industrial sector. Each of these MindSphere Application Centers for digital offerings from Siemens spans multiple locations in different countries and specializes in a particular industry in which Siemens is active. During fiscal 2017, Siemens further extended its lead in software solutions and digital services. 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 corresponds to a 20-percent increase year-over-year and means that Siemens clearly outpaced market growth of about eight percent. 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. More than €3 billion of the company’s R&D outlays flowed into Germany in fiscal 2017. Since 2014, Siemens’ R&D investments have risen by about 40 percent.
Pictures of the Future: Shaping Digitalization - Innovation at Siemens 2016

Pictures of the Future: Shaping Digitalization - Innovation at Siemens 2016

Pictures of the Future - Innovation Magazine

The Siemens Customer Magazine: “There is no stopping digitalization!”

The Siemens Customer Magazine: “There is no stopping digitalization!”

Press Releases

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Siemens honors the 14 "Inventors of the Year" 2017

Siemens honors 13 of its own researchers and an external scientist as "Inventors of the Year 2017." The scientists from Germany, Austria, the United States and Denmark have registered a total of 1,297 inventions. Many of these ideas, namely 920, have been granted individual patents. Three teams are among this year's winners, a fact that demonstrates that innovation is usually a joint effort today. "Siemens invested EUR 5.6 billion in research and development during this fiscal year, the largest amount of money it has ever spent in this area. This money is well invested, too. It flows directly into our fields of innovation and secures the future of our businesses. We are proud of our Inventors of the Year: They perfectly reflect the tradition established by an entrepreneur and inventor like Werner von Siemens," CEO Joe Kaeser says. The award Inventor of the Year has been presented since 1995. This year's categories are "Talent," "Outstanding Invention, "Open Innovation" and "Lifetime Achievement."

Press Releases

Joe Kaeser

Joe Kaeser

Joe Kaeser

President and CEO
Roland Busch

Roland Busch

Roland Busch

Member of the Managing Board and Chief Technology Officer

Links to this page

www.siemens.com/press/inno2017
www.siemens.com/press/inventors2017

Contact

Florian Martini

+49 (89) 636-33446