Siemens partners with Nvidia for cloud-based platform

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Siemens partners with Nvidia for cloud-based platform

The deal is a cornerstone of the Siemens Xcelerator, a new open digital platform that was launched by the German technology and engineering company on Wednesday.

The cloud-based platform will feature hardware, software and digital services, and it is part of Siemens' ambition to grow its digital business by 10% per year from the 5.6 billion euros $5.89 billion generated in 2021.

Siemens Xcelerator will make it easier than ever before for companies to navigate digital transformation faster and at scale, according to Roland Busch, Siemens Chief Executive.

Siemens, which bought Brightly Software for $1.58 billion on Monday, is moving further into the digital space because it offers faster growth rates and higher margins than its traditional business of trains and industrial drives and automation.

Siemens and Nvidia are just two of the companies that are working in the so-called metaverse, which is a concept of a shared virtual platform that people can access through different devices and where they can move through digital environments.

Meta Platforms and Microsoft are looking at how metaverse technology can be used in business and leisure.

For example, Siemens's Xcelerator will allow customers to visualise yachts or factories before construction starts.

Tony Hemmelgarn, CEO of Siemens Digital Industries Software, told reporters that we can essentially replace having to build a thing in the real world first.

He said that the platform would make sure products are going to work well before we commit to building them in the real world when it becomes expensive and hard to change.

Siemens will be able to connect Xcelerator and its own software and digital twin products with Nvidia's Omniverse, a platform for 3D design.