Intelligent Service and Asset Lifecycle Management Solutions to be Delivered by the Siemens and SAP Expanded Partnership

By Ralph Rio

Category:
Acquisition or Partnership

SAP and Siemens Digital Industries Software announced an expansion of their partnership that will enable both companies to deliver new solutions for the Service and Asset Lifecycle. With an initial focus on discrete manufacturing, Siemens will begin to offer SAP Asset Intelligence Network, the SAP Asset Strategy and Asset LifecyclePerformance Management application, and the SAP Enterprise Portfolio and Project Management package. SAP will offer Siemens’ Teamcenter software service lifecycle management (SLM) portfolio to enable an ecosystem with integrated service engineering and asset operations.

The companies plan to deliver new cloud-based services that can help industrial equipment manufacturers to increase critical asset operational efficiency, avoid unplanned downtime and shorten design cycles in asset engineering projects. This can help maximize business value over the entire product and service/asset lifecycle and enable new collaborative processes between manufacturers and operators. Building on the strategic partnership between Siemens and SAP announced in July 2020, these new solutions can enable industrial equipment manufacturers to provide new services and business models for installed equipment and help owners and operators use operational insights to increase asset utilization while maximizing safety and reducing risks.

Through this partnership, both companies plan to offer solutions where service design content is shared with operations and back to product design as part of a closed-loop digital twin. The digital twin can be used to plan and execute service operations for plants, fleets, equipment and factories through a close collaboration among network partners.

The new Siemens solutions are designed to leverage elements of Siemens’ Xcelerator portfolio of software and services including the Teamcenter portfolio, MindSphere, the industrial IoT as a service and Asset Performance Management solution from Siemens, and the Mendix low-code platform and DataHub, together with SAP Intelligent Asset Management and SAP Enterprise Portfolio and Project Management cloud applications.

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