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Siemens launched a new product lifecycle management (PLM) software and services solution aimed at enhancing efficiency for the global Energy & Utilities industry. The solution leverages Siemens' Teamcenter portfolio to digitalize key capital project management processes, such as bid response management, and is specifically tailored to critical Energy & Utilities industry business processes. The new solution, part of Siemens' Industry Catalyst Series offerings, includes a deployment accelerator and has enabled Siemens Process Industries & Drives, Oil, Gas & Marine to significantly reduce the cost and duration of sales.
This announcement will help companies in the Energy & Utilities industry enhance operational efficiencies by creating an enterprise-wide technology platform to support the capture, sharing and digitalization of capital project management processes. Packaging software and a Catalyst deployment accelerator into the solution significantly speeds up the deployment of PLM software and provides a faster return on investment. Siemens PLM Software will work with alliance partners like Accenture on deployments in key accounts, such as Siemens Process Industries & Drives, Oil, Gas & Marine.Companies in the Energy & Utilities industry can now transition to a digital enterprise by efficiently deploying a digitalized lifecycle information management system. This enterprise digitalization enables cross-disciplinary global collaboration in all phases of the capital project lifecycle for equipment, systems or assets. It helps avoid common industry issues such as nonconformance due to delays in document changes or sign-offs, lack of traceability to project requirements and incorrect or out-of-date drawings and data, which can all significantly delay projects and create cost overruns.