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Wednesday,01-December-2021

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Siemens, SAP partner to give Industry 4.0 a digital boost

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Siemens. (Photo: Twitter/@Siemens)

Technology major Siemens and enterprise application software provider SAP SE have partnered to deliver integrated end-to-end software solutions across product lifecycle, supply chain and asset management towards industrial transformation.

SAP will offer Siemens’ ‘Teamcenter’ software as the core foundation for product lifecycle collaboration and product data management while Siemens will offer SAP Intelligent Asset Management solutions and SAP Portfolio and Project Management applications to maximise business value for customers.

According to Klaus Helmrich, Member of the Managing Board of Siemens AG and CEO of Siemens Digital Industries, this collaboration between two industry leaders is about more than just interoperability and interfaces.

“It is about creating a truly integrated digital thread that unites product and asset lifecycle management with the business that enables customers to optimize production of products,” he said in a statement on Monday.

Combining Siemens’ Teamcenter and SAP S/4HANA software “provides companies an end-to-end process capability from product design to decommission,” said Bob Parker, Senior VP of Industry Research at IDC.

Both the companies will be able to complement and integrate their respective offerings in order to offer customers the first truly integrated and enhanced solutions for product lifecycle management (PLM), supply chain, service and asset management.

“As manufacturers design and deliver smarter products and assets, access to real-time business information across networks is critical to bring new and improved innovations to market faster,” said Thomas Saueressig, member of the Executive Board of SAP SE and responsible for SAP Product Engineering.

SAP’s end-to-end suite of applications and services are currently enabling more than 437,000 business and public customers globally.

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Business

Petrol prices cut by Rs 8/litre in Delhi

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Petrol prices in national capital fell by Rs 8 per litre on Wednesday after the Delhi government cut down Value Added Tax (VAT) on the fuel to 19.40 per cent from earlier 30 per cent.

New rates will come into effect from midnight.

This decision came after Chief Minister Arvind Kejriwal chaired a Cabinet meeting this morning.

Currently, the petrol is being sold at Rs 103.97.

In early November, the Centre had reduced petrol and diesel rates by Rs 5 and Rs 10 per litre respectively. Post the move, the Opposition parties in Delhi have been urging the AAP-led state government to cut VAT on petrol by at least Rs 10 per litre.

In India, fuel prices differ from state to state depending on the local taxation (VAT) and freight charges. Besides, the central government charges an excise duty on auto fuels. After adding excise duty, dealer commission and VAT, the retail selling price of the petrol gets nearly doubled.

From June 2017 onwards, the petrol and diesel prices in India are being revised daily at 6 a.m. via the dynamic fuel price method. Earlier, this exercise used to take place every fortnight.

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Business

Sensex, Nifty up over 1% in early trade

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The 30-scrip Sensitive Index (Sensex) gained sharply in early trade session on Wednesday.

At 9.30 a.m. the S&P BSE Sensex traded at 57737 points, up 1.15 per cent. It opened at 57365 points from the previous close of 57064 points.

Till now it touched a low of 57365 points. Besides, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 17104 points after closing at 16983 on Monday.

It traded at the 17185 points, up 1.16 per cent during the early-morning trade session.

IndusInd Bank, Eicher Motors , Hindalco, Info Edge, and HDFC were some of the top gainers during the early trade, exchange data showed.

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Business

Samsung unveils new auto chips for high-end cars

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Samsung Electronics on Tuesday unveiled three new automotive chips as demand for advanced chips is growing among global carmakers to produce cars with better connectivity and more sophisticated infotainment features.

The South Korean tech giant said its latest chip products are designed to enable faster 5G connectivity needed for downloading high-definition video content, immersive in-car infotainment systems and a stable power supply.

“Smarter and more connected automotive technologies for enriched in-vehicle experiences, including entertainment, safety and comfort, are becoming critical features on the road,” Park Jae-hong, executive vice president of the company’s System LSI Custom SOC Business, said in a statement.

Among the three, the Exynos Auto V7 in-vehicle infotainment system is installed in Volkswagen’s latest In-Car Application-Server (ICAS) 3.1, developed by LG Electronics’ vehicle component solutions division, the company said.

The chip comes with a neural processing unit “for convenient services, such as virtual assistance that can process visual and audio data for face, speech and gesture recognition features.”

Samsung has ramped up efforts to develop advanced chips for cars, a market that has grown significantly in recent years fueled by higher levels of car electrification and a further uptake in electric vehicles, reports Yonhap news agency.

More cars are now being equipped with advanced features like artificial intelligence and 5G-based telecommunications.

London-based research firm IHS Markit forecast the global market for automotive semiconductors to grow 7 percent annually to reach $67.6 billion in 2026.

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