By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TrendSnapNewsTrendSnapNews
  • Home
Reading: This 177 year old start-up is looking to the next generation to drive innovation
Share
Notification Show More
TrendSnapNewsTrendSnapNews
  • Home
Follow US
© 2024 All Rights Reserved |Powered By TrendSnapNews
TrendSnapNews > Uncategorized > This 177 year old start-up is looking to the next generation to drive innovation
Uncategorized

This 177 year old start-up is looking to the next generation to drive innovation

July 10, 2024 6 Min Read
Share
This 177 year old start-up is looking to the next generation to drive innovation
SHARE

“We cannot solve this on our own” : As the world faces increasing challenges, Siemens tells Euronews’ Hannah Brown on The Big Question how it is looking to start-ups to stay ahead with innovation.

Contents
What is the best way to drive innovation?How can AI help drive industrial innovation?

“I think we have been one of the first Start-Ups ever.

“There weren’t any garages at that time, but if there was, I think we would have started the Siemen’s business in a garage,” Dr Annika Hauptvogel told The Big Question.

Siemens is now a household name. Founded in 1847, the company built the first long-distance telegraph line in Europe – since then they’ve innovated and transformed to become an industry giant, producing fridges, mobile phones, medical instruments, trains and rail infrastructure, wind turbines and energy infrastructure and industrial automation. 

Despite being over 170 years old, Siemens is now partnering with start-ups in order to stay ahead in the game. But with so many resources at their fingertips, what’s in it for them?

In this episode of The Big Question, Hannah Brown sits down with Dr. Annika Hauptvogel, Head of Technology and Innovation management at Siemens to discuss their approach to driving innovation.

What is the best way to drive innovation?

“Innovation cycles have become shorter and shorter, and we have to be faster and faster. 

“And you can’t be that fast if you’re just in your own bubble,” Annika explained. 

Annika believes by working with start-ups it helps to bring in new ideas. 

See also  I’ve figured out my Zen in Minecraft, and it’s digging a big cube

Through their Siemens for Start-Ups programme they supply free software to get ideas off the ground and then test the products internally at Siemens. Once a product is successful and working well they then connect them to their external clients to take the product to market.

“If we talk about sustainability, Siemens, we cannot solve it on our own, right? So the important aspect is how can we connect the right players in this ecosystem?” 

“I think it’s important to be the customer zero to first of all try things out. And if the quality is good, if we see that it’s really an application and it helps us, then we should take it to our customers and not the other way around,” she added. 

When asked if, while fulfilling their aim to innovate, they ever have any fear that they’re fuelling their future competitors, Annika was very confident in their approach.  

“Sometimes maybe in other fields, you are competitors and in another field, you are a great partner. So I think, we should rather focus on the challenge we face and how we can solve it rather than thinking about ‘is this a competitor or not’, but rather solving a problem.”

How can AI help drive industrial innovation?

In order to reduce the environmental impact of innovation, Siemens are great supporters of the industrial metaverse.

This means creating a digital twin of anything you’re developing and using AI simulations to assess changes and optimise functionality. Only once something is running perfectly in the metaverse is it then built. 

See also  Natalie Portman Thanks Friends Who ‘Lift’ Her ‘Up’ After Benjamin Millepied Divorce

“And with that of course, you use less materials because you don’t have to create, build, manufacture those prototypes. And with that, we can now reduce 50% of the material just by trying it out in this design. 

“Besides that, of course, when you design a product, you can also think about different designs. But when you apply AI to this process, AI will find new designs that we never ever would have thought about. 

“AI can design, for example, lighter products. And with that, again, you reduce material, you reduce the CO2 footprint.”

Annika particularly mentioned a start-up named RIIICO from Aachen, Germany, that Siemens teamed up with to map out their factories in order to create digital twins.

“So we had two existing factories and we wanted to bring them together in one new factory and we made the design of this new factory completely virtual. 

“They could already optimise the processes in the design phase and not when it’s built so you have less failures when you actually build them. 

“Now comparing the old factories with this new one we saw that the productivity increased by 20%,” Annika added.

The Big Questionis a series from Euronews Business where we sit down with industry leaders and experts to discuss some of the most important topics on today’s agenda.

Watch the video above to see the full interview with Siemens.

Journalist • Hannah Brown

Video editor • Joanna Adhem

Additional sources • Additional editing by Nicolas Coquet

You Might Also Like

The King of Fighters 15 – Vice and Mature Announced for December 2024

Lego Hill Climb Adventures is a charming, simplified Trials

France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front

DeFi Protocol Rho Markets Suffers $7.6 Million Loss Scare With Gray Hat Hackers

US Calls on Chinese Regime to End Its 25-Year Persecution of Falun Gong

Share This Article
Facebook Twitter Copy Link
Previous Article Cboe Seeks SEC’s Approval After Filing to List Solana ETFs Cboe Seeks SEC’s Approval After Filing to List Solana ETFs
Next Article Scarlett Johansson Jokes Colin Jost’s Cameo in Her New Movie Was Part of their ‘Prenup’ Scarlett Johansson Jokes Colin Jost’s Cameo in Her New Movie Was Part of their ‘Prenup’
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

The King of Fighters 15 – Vice and Mature Announced for December 2024
The King of Fighters 15 – Vice and Mature Announced for December 2024
Uncategorized
Lego Hill Climb Adventures is a charming, simplified Trials
Lego Hill Climb Adventures is a charming, simplified Trials
Uncategorized
France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front
France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front
Uncategorized
DeFi Protocol Rho Markets Suffers .6 Million Loss Scare With Gray Hat Hackers
DeFi Protocol Rho Markets Suffers $7.6 Million Loss Scare With Gray Hat Hackers
Uncategorized
US Calls on Chinese Regime to End Its 25-Year Persecution of Falun Gong
US Calls on Chinese Regime to End Its 25-Year Persecution of Falun Gong
Uncategorized
The AI boom has an unlikely early winner: Wonky consultants
The AI boom has an unlikely early winner: Wonky consultants
Uncategorized

You Might Also Like

The King of Fighters 15 – Vice and Mature Announced for December 2024
Uncategorized

The King of Fighters 15 – Vice and Mature Announced for December 2024

July 20, 2024
Lego Hill Climb Adventures is a charming, simplified Trials
Uncategorized

Lego Hill Climb Adventures is a charming, simplified Trials

July 20, 2024
France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front
Uncategorized

France National Assembly’s reelected speaker Braun-Pivet to cohabit with New Popular Front

July 20, 2024
DeFi Protocol Rho Markets Suffers .6 Million Loss Scare With Gray Hat Hackers
Uncategorized

DeFi Protocol Rho Markets Suffers $7.6 Million Loss Scare With Gray Hat Hackers

July 20, 2024

About Us

Welcome to TrendSnapNews, your go-to destination for the latest updates and insightful analysis on the world’s most pressing topics. At TrendSnapNews, we are committed to delivering accurate, timely, and engaging news that keeps you informed and empowered in an ever-changing world.

Legal Pages

  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service

Trending News

Helicopter carrying Iran's president apparently crashes in mountainous region

Helicopter carrying Iran's president apparently crashes in mountainous region

Para rowing – Paralympic power

Para rowing – Paralympic power

‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'

‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'

Helicopter carrying Iran's president apparently crashes in mountainous region
Helicopter carrying Iran's president apparently crashes in mountainous region
May 26, 2024
Para rowing – Paralympic power
Para rowing – Paralympic power
May 26, 2024
‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'
‘Portal’ installations in NYC, Dublin temporarily closed due to 'inappropriate behavior'
May 26, 2024
Stunning meteor lights up the sky over Europe
Stunning meteor lights up the sky over Europe
May 26, 2024
© 2024 All Rights Reserved |Powered By TrendSnapNews
trendsnapnews
Welcome Back!

Sign in to your account

Lost your password?