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Siemens megatrends

Enabling key technologies and a call for multilateral collaboration.

The era of transformation

We live in an age of great changes and great opportunities. Five megatrends are transforming the global economy, shifting the geopolitical balance of power, and profoundly impacting the global workforce: demographic change, urbanization, glocalization, environmental change and resource efficiency, and digitalization, a megatrend in its own right as it pervades every industry and offers solutions for many of the challenges mentioned above.

At the same time, we have never had so many powerful technologies available to us. The opportunities are boundless. Given the scope and complexity of the five megatrends, no country or company can solve the challenges we face alone. Our willingness to collaborate in open ecosystems and to accelerate the transformation needed to attain the United Nations’ Sustainable Development Goals (SDGs) will determine whether this decade will go down in history as a turn for the better or a squandered opportunity.

Key takeaways

Our strategy at Siemens is to combine the real and digital worlds to help customers boost productivity, improve the resource efficiency of their operations, and to make their operations – as well as our own operations – more sustainable. How can we best accelerate this transformation?

Our answer to that question is Siemens Xcelerator, our open digital business platform that facilitates collaboration and innovation through a curated portfolio that combines real and digital worlds and a powerful ecosystem of partners.

Join us in making multilateral collaboration standard practice by supporting the following activities:

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Foster innovation and open ecosystems

Prosperity comes from investment in innovation. Technology enables economic growth with fewer emissions.

  • Promote knowledge sharing between the science and business communities
  • Invest in R&D, open technologies, and start-up-friendly ecosystems
  • Focus on technologies that benefit society: AI, digital twin, simulation, cybersecurity, edge computing, industrial wireless communication technologies and many more
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Develop a skilled workforce

Employers who empower people earn trust and build loyalty. This gives them a competitive edge and enables them to adapt to changing markets.

  • Provide employees with growth and upskilling or reskilling opportunities to adapt to the changes associated with digital transformation
  • Facilitate skilled migration to meet the high demand for labor
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Establish a green global framework

Trusted interoperability across supply chains is needed to establish effective governance of green and digital technologies.

  • Prioritize the adoption of international technology standards and respective industrial use cases and mobilize smart investments
  • Support sustainable urbanization by focusing on smart cities and smart infrastructure, and sustainable rail and public transportation systems
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Expand international trade

Trade promotes economic growth, creates jobs, and reduces poverty. Multilateral, rules-based trade benefits all, not just individual nations. Accelerate the ratification of multilateral trade agreements by:

  • leveraging technological advances that support diversification strategies
  • reducing technical barriers to trade

The future lies in our hands

Let’s accelerate transformation, together.

We are convinced that if we take these actions together, that if we take this leap of faith, then this decade will go down in history as the dawn of sustainable global development.

DEGREE

As a long-standing member of the UN Global Compact that is committed to the UN agenda 2030, Siemens contributes to the UN Sustainable Development Goals by meeting its own emission reduction targets, by providing technologies that help customers meet their environmental goals, and by implementing its ESG framework DEGREE.

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* Sources and bibliography are listed in 2023 Megatrends paper