Siemens and SAP expand partnership addressing asset lifecycle service and management

SAP and Siemens Digital Industries Software announced today an expansion of their partnership that will enable both companies to deliver new solutions for the service and asset lifecycle.

With an initial focus on discrete manufacturing, Siemens will begin to offer SAP Asset Intelligence Network, the SAP Asset Strategy and Performance Management application, and the SAP Enterprise Portfolio and Project Management package. SAP will offer Siemens’ Teamcenter software service lifecycle management (SLM) portfolio to enable an ecosystem with integrated service engineering and asset operations.

The companies plan to deliver new cloud-based services that can help industrial equipment manufacturers to increase critical asset operational efficiency, avoid unplanned downtime and shorten design cycles in asset engineering projects, according to the partners. Building on the strategic partnership between Siemens and SAP announced in July 2020, these new solutions can enable industrial equipment manufacturers to provide new services and business models for installed equipment and help owners and operators use operational insights to increase asset utilization while maximizing safety and reducing risks, the partners added.

“Siemens is helping industrial companies make more confident decisions by closing the loop between IT and OT,” said Cedrik Neike, member of the Managing Board of Siemens AG and CEO Siemens Digital Industries. “Through this partnership we are enabling a true digital thread that integrates real time operations-based data with virtual product and asset models using components from both Siemens and SAP to provide operational insights. This can accelerate digital transformation for industrial equipment owners, operators and manufacturers who can offer new business models including performance and usage-based cost, and to more efficiently use assets.”

Companies that design, engineer, operate and service industrial assets strive to improve operational efficiency and avoid unplanned downtime, while managing the complex relationship between original equipment manufacturer (OEM) and asset operator. Through this partnership, both companies plan to offer solutions where service design content is shared with operations and back to product design as part of a closed-loop digital twin.

“Siemens and SAP share a common vision for the future of industrial enterprises,” said Thomas Saueressig, member of the Executive Board of SAP SE for SAP Product Engineering. “Through this partnership we can offer unparalleled benefits to our customers by delivering a digital thread across production and supply chains – from product design, production, and operations to maintenance. This will enable companies to improve overall business performance and return on assets. Taking advantage of cloud solutions such as the SAP Asset Intelligence Network to strengthen collaboration and information exchange, together Siemens and SAP can help our customers accelerate Industry 4.0.”