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Press Release17 June 2020Siemens and IBMPlano,
TX and Armonk, NY
Siemens and IBM Deliver Service Lifecycle Management Solution
“The combined capabilities of
IBM and Siemens can help companies create and manage a closed-loop, end-to-end
digital twin that breaks down traditional silos to service innovation and
revenue generation,” said Peter Bilello, President & CEO of industry research and
consulting firm CIMdata. “Only by closing the loop between product design
and development decisions, accurate product configurations and service
operations, can companies hope to run a profitable and effective
product-as-a-service business model.”
OEMs and owner/operators can struggle
to improve the performance and reliability of an asset over its operating
lifecycle, due to inefficient data sharing between engineering, operations, and
maintenance processes. This joint solution from Siemens and IBM creates a single source of information designed
to help OEMs and equipment owner/operators improve many aspects about how they
design, maintain, and service their assets. In addition, the solution enables
OEMs to now provide valuable after-market services to their clients.
“This new collaboration combines
two industry-leading offerings into a unique solution for the industry,” said
Kareem Yusuf Ph.D., General Manager, IBM AI Applications Business. “OEM’s and owner/operators
can leverage the new solution to help them reduce operational costs and
increase up time of their equipment.”
The integration of asset
management and product lifecycle management
(PLM) technology can help owner/operators to stay up to date. The solution also
enables OEMs to receive critical data about asset performance, maintenance and
failures in the field. Leveraging IoT technology, manufacturers can gain
insights on wear and tear, operating conditions, parts failures, and other
patterns that lead to design or manufacturing updates. This data can be used to
help manufacturers lower maintenance costs, reduce risks, and improve asset
resiliency.
“IBM’s Maximo Enterprise Asset
Management software provides key technology to further extend the capabilities
of the Xcelerator portfolio,” said Tony Hemmelgarn, CEO for Siemens Digital
Industries Software. “By leveraging the world-class product configuration
management capability within Teamcenter, companies can bring product design,
manufacturing and service together to maximize their software investment, while
also minimizing downtime, improving quality and reducing inventory costs.”
Siemens Digital Industries Software is driving transformation to enable a digital enterprise where engineering, manufacturing and electronics design meet tomorrow. The
Xcelerator portfolio
helps companies of all
sizes create and leverage digital twins that provide organizations with new
insights, opportunities and levels of automation to drive innovation. For more
information on Siemens Digital Industries Software products and services, visit
www.sw.siemens.com
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. Siemens Digital Industries Software – Where today meets tomorrow.
For this press release
Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 76,000 employees internationally.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed companies Siemens Energy, the global energy business of Siemens, and Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the energy systems of today and tomorrow as well as the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy (as part of Siemens Energy), Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at
www.siemens.com.
Reference Number: HQDIPR202006125904EN
Contact
Natalie Navales
Digital Industries
13690 Riverport Drive
Maryland Heights 63043
United States of America
Maryland Heights 63043
United States of America
+1 (314) 264-8671