Siemens Innovation Day Highlights the Need for Real-time Knowledge

By Sharada Prahladrao

Technology Trends

The Backdrop: Hosted in Mumbai, India on May 27th, Siemens Innovation Day 2019 showcased innovative solutions that create sustainable value for businesses and societies.  It was a platform for dialog around output-driven, market-oriented technological and business innovations.  Topics of relevance for India were addressed: Smart Infrastructure for Urban Environment, Digital Enterprise, Connected Mobility, Future of Energy, Artificial Intelligence, Digital Twin, Internet of Things, and Next47 - the start-up ecosystem.

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Through presentations, hands-on demos, and breakout sessions, Siemens shared the latest innovations, industry trends, and demonstrated how Siemens’ solutions create value for customers and society.  Besides presentations on turning innovations into strategic advantages, partnerships, and the growing ecosystem around MindSphere (cloud-based open IoT platform), what were of particular interest were the white papers and case studies.  Concepts, theory, and explanations of new technologies sound like mere possibilities, but white papers and real-life case studies give it certainty and the seal of approval.  It drives home the fact that real-time knowledge is needed to achieve real-time results.  The white papers circulated on the Innovation Day give an overall view of the company’s expertise in multiple domains, and this is what I would like to encapsulate here.

Real-time Energy Management

Today’s operational requirements demand better situation analysis achieved through the sharing of knowledge and experience within a facility.  By combining historical and real-time data, the customer can increase transparency, benchmark assets and locations, as well as apply advanced analytics to maximize performance.

This white paper explains how Siemens’ EnergyIP Distributed Energy Optimization (EnergyIP DEOP) solution helps to meet energy management challenges head-on with real-time performance data.  It gives a comprehensive overview of an organization’s facilities and assets – worldwide.  Near real-time performance data helps companies to achieve increased transparency across facilities, as well as get an edge on potential problems and avoid downtime.  According to Siemens, this is an intuitive and flexible program that enables complete supervision of a plant’s energy use.

EnergyIP DEOP helps photovoltaic plants, wind parks, communication centers, campuses, and microgrids increase performance through optimization. The white paper discusses the implementation phases: assessment; installation; and analyze, learn, repeat.

How EnergyIP DEOP works:

  • Collects and processes data
  • (production, consumption, and assets)
  • Unifies reporting and analysis to calculate KPIs
  • Manages assets to optimize performance
  • Monitors and benchmarks devices against each other regardless of location


Turning the Internet of Things (IoT) into Reality

For organizations embarking on the IoT journey, what’s needed most is a place to start, information, and a practical guide. This white paper aims to provide all of these.  IoT is now emerging as a force in every industry including manufacturing, energy utilities, healthcare, transportation, and building technologies.

As new business models emerge, they create new ways to capture value.  Most businesses do not have all the required capabilities in house and need partners along the way.  A full changeover to an IoT-enabled business consists of several phases ranging from developing a strategy, ideating a use case, and prototyping for a proof-of-concept to designing the solution and connecting assets. Magic happens when IT/OT integration takes place and the IoT technology stack starts working.

Siemens IoT solutions have been successfully deployed across diverse industries and requirements: the German Railway industry (leverages existing data for high-tech predictive maintenance); energy efficiency for a shopping mall in Finland; improving air quality in Nuremberg etc.

Gaining Advantage from Investing in Industry 4.0

This white paper outlines a key set of qualities that help identify the ideal Industry 4.0 financing partner for manufacturers and Industry 4.0 OEMs.  It presents new research that takes a barometer reading of the time taken for the majority of manufacturers to transition to Industry 4.0 operating platforms.

Industry 4.0 is based on a set of design principles that link people, systems, places and equipment/technology – interoperability, information transparency, technical assistance, and decentralized decisions.  Leading investors in Industry 4.0 can be found in all global industry sectors.  Today’s debate is centered around how quickly digital transformation can be sustainably achieved.  Manufacturers are trying to ascertain how they can transition to Industry 4.0 and grasp its competitive advantages as soon as possible, without incurring unsustainable debt or cash-flow pressures.

Identifying the key qualities of Finance 4.0 (supporting Industry 4.0):

  • Getting started with the technology and equipment required to run pilots
  • Accelerating implementation with full rollout across production systems, logistics, maintenance, quality assurance, and other areas
  • Maintaining the momentum of digitalization over the long term, using finance to ease cash flow
  • Capturing as much business growth as possible in a cash-flow friendly, sustainable way

The white paper further delineates working with, and within, Siemens Cloud platform – MindSphere. This gives a particular perspective on Industry 4.0, its rate of adoption, and the way it is settling into manufacturers’ strategies.

Conclusion: Events such as the Siemens Innovation Day provide the platform and opportunity to understand and implement new technologies and strategies.  It is a win-win situation for all stakeholders – for Siemens to showcase their innovative solutions and for visitors/companies to make informed business decisions.

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