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Industrial metaverse: Tech leaders outline India’s growth map Siemens Innovation Day 2024

Economic TimesEconomic Times · 4h
Industrial metaverse: Tech leaders outline India’s growth map Siemens Innovation Day 2024

Siemens' leaders discussed India's progress in economic and infrastructure growth, as well as the gaps in productivity levels. They emphasized the role of technology as an enabler to further increase productivity. Siemens' open digital business platform, Siemens Xcelerator, simplifies complex processes by integrating the real and digital worlds, connecting devices and processing data efficiently. The platform has already shown success in various sectors, reducing energy consumption and carbon footprint. Siemens also highlighted the use of digital twins to optimize processes and reduce energy consumption in data centers. They envision an "industrial metaverse" where digital twin models collaborate with AI to solve real-world problems efficiently.

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