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Innovation Strategy

Innovation at Siemens means ideas that earn money. They can be products, solutions and services that set a benchmark – both in the world of technology and beyond. We have summed this up clearly in our Mission Statement: Siemens impresses with innovations that make real what matters. The application of a systematic innovation strategy helps us move forward.

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next47

Innovation Strategy

Taking leading positions in technology

We have taken up firm positions along the electrification value chain – which covers the transformation, intelligent transmission and distribution of energy as well as its efficient utilization. With its pronounced strengths in the automation field, the company is well placed to face the future in general and the digital age in particular.

Customer and busines focus

We deploy our technological expertise and the innovative prowess of our employees in the areas where they create the greatest value for the company. This targeted allocation of resources enables us to occupy leading positions world-wide in selected technology fields that form the foundation for innovation in long-term growth areas.

Our R&D activities are ultimately geared to developing innovative, sustainable solutions for our customers – and the Siemens companies – and simultaneously safeguarding our competitiveness. For these reasons, we focus in particular on:
 

  • guaranteeing energy supplies that are also economically sustainable;
  • further enhancing efficiency in the generation of renewable and conventional power and minimizing losses during power transmission;
  • finding novel solutions for smart grids and for the storage of energy from renewable sources with irregular availability;
  • promoting the efficient utilization of energy, especially in building technology, industry and transportation, e.g. through highly efficient drives for production facilities or for local and long-distance trains;
  • gradually creating the highly flexible, connected factories of tomorrow using advanced automation and digitalization technologies;
  • deploying intelligent analytical systems and our specialized know-how to turn unstructured data into value-adding information, e.g. when providing services such as preventive maintenance;
  • making medical imaging technology, in vitro diagnostics and IT for medical engineering an integral part of results-oriented treatment plans.

Beyond these points of focus, we recognize how important highly sophisticated software solutions are for all the fields of business in which Siemens is active.

Patent protection secures competitive edges

New technologies result in innovations, which in turn lead to competitive advantages. Without high-quality protection of patents, however, these advantages would quickly be lost. That is why some 400 Siemens employees across the globe are involved in managing the company’s portfolio of intellectual property (IP) rights.

Although Siemens occupies top positions in the key patent statistics, it is not the total number of patent applications that is decisive for our company’s success and future viability, but rather the value and business utility of our IP rights. This means that, in addition to systematically building up a strong, strategic IP portfolio, it is of crucial importance to the company to utilize those IP rights in a targeted manner and enforce them consistently.

Innovation Culture

Promoting open innovation

Today's world is faster and much more diverse than it once was. That's why Siemens is opening up – both internally and externally. As part of this evolutionary process, the company is acting as a hub in a global research network, while it brings the next generation of innovations to life.

Partnerships with
universities and
research institutes
Interchange and
collaboration platforms
Crowdsourcing
of ideas
Collaboration
with start-ups
Investments
in start-ups
Founding
start-ups