Siemens AG has launched an open digital platform to accelerate digital transformation. Siemens Xcelerator includes a curated portfolio of IoT enabled hardware, software and digital services from Siemens and third parties. It also provides a growing ecosystem of partners and a marketplace customers, partners and developers.

With the launch of Xcelerator, Siemens is aiming to transform its entire portfolio of hardware and software to become modular, cloud-connected and built on APIs. The company says partner offerings will be governed by strong technical and commercial governance principles. Siemens and third-party software will incorporate interoperability, openness and as-a-service.

Siemens also plans to integrate its industrial IoT solutions as Industrial Operations X. This will bring together solutions and applications from sensor to edge to cloud, IoT as-a-service and low code development capabilities. It will also include a range of ready-to-use-apps, and aim to enable fusion of data from operational technology as well as information technology. Siemens aims to enrich it with comprehensive vertical IT/ OT integration.

Siemens is aiming to build a strong partner ecosystem for Xcelerator. This will build on existing partnerships including Accenture, Atos, AWS, Bentley, Microsoft and SAP. The intention is to expand the partnership ecosystem with small, medium and large companies.

The first major partnership agreement under the Siemens Xcelerator umbrella is with NVIDIA. The two companies will expand their partnership to increase use of AI-driven digital twin technology.

As a first step in this collaboration, NVIDIA and Siemens plan to connect Siemens Xcelerator and NVIDIA Omniverse, a platform for 3D-design and collaboration. This will enable an industrial metaverse with physics-based digital models from Siemens and AI-enabled, physically accurate, real-time simulation from NVIDIA to allow companies to make decisions faster and with increased confidence.

Roland Busch, President and CEO of Siemens AG, said: “Siemens Xcelerator will make it easier than ever before for companies to navigate digital transformation – faster and at scale. By combining the real and the digital worlds across operational and information technology, we empower customers and partners to boost productivity, competitiveness and scale up innovations.”

“Our leading portfolio is transformed towards more open applications, with more cloud-based and as-a-service solutions and IoT-enabled hardware that can be constantly upgraded. At the same time, collaboration will reach a new level with a growing ecosystem of partners.”

“Today’s launch of Siemens Xcelerator, this week’s acquisition of Brightly Software and our expanded partnership with NVIDIA are major milestones in implementing our strategy to accelerate high-value growth,” Busch concluded.

As part of the launch, Siemens confirms its growth targets for digital business announced at the last years’ capital market day, of a compound annual growth rate of around 10 percent over the business cycle. Digital revenue in fiscal year 2021 stood at €5.6 billion. The launch of the business platform is also consistent with its move towards as-a-service offerings and will bolster the aim of increasing annual recurring revenue.

Roland Busch added: “This is the logical next step in the implementation of our digitalisation strategy to enable even faster innovation and value creation. Siemens Xcelerator brings the power of our focused technology company together with a thriving ecosystem of technology partners. We are joining together to simplify digital transformation so that customers of all sizes can benefit at speed and scale.”