Accenture to build apps for OEMs on Siemens MindSphere

Professional services company, Accenture, is building an array of applications for MindSphere, a cloud based platform from Siemens to help industrial equipment makers benefit from new services based on data insights.

What will Accenture & MindSphere do?

Siemens has designated Accenture as one of the preferred systems integrator for MindSphere which is an Industrial Internet of Things (IIoT) ecosystem that connects with all types of industrial assets. It helps in the development of applications from Siemens and third party suppliers. MindSphere has been designed as an open ecosystem to optimize plant performance by collecting and analyzing large datasets in industry. It also forms the basis for applications and data-based services from Siemens, such as for the predictive maintenance of machine tools (Machine Tool Analytics) or integrated drive systems (Drive Train Analytics). With this partnership, Accenture is aiming to support original equipment manufacturers (OEMs) by building a suite of applications for MindSphere that will help these OEMs accede to new digital services, such as predictive maintenance or remote condition monitoring. Accenture is starting to work with MindSphere customers to help define business opportunities by using production asset data and by defining new business services. The company is applying its range of digital consulting, analytics and system integration capabilities for these customers.

How will it help?

According to the company, using these applications, manufacturers of machines and industrial equipment will be able to benefit from increased revenues and customer satisfaction while reducing claims and warranty costs. Their customers can reduce downtime, maintenance related costs and energy consumption, while increasing the lifetime of their machinery. Accenture also states that the OEMs will have timely and continuous visibility into assets and equipment as a result of the convergence of Operational Technology (OT) with Information Technology (IT) and machines becoming increasingly connected with production management, manufacturing execution, logistics and enterprise planning systems. By applying advanced analytics from Accenture to the data OEMs systems generate, they can identify and predict performance bottlenecks and make smart decisions about how to improve asset operations, manage workforce, optimize supply chain risks, and enhance the product design process. Ralf-Michael Wagner, Head of Plant Data Services, Siemens said, “Accenture’s digital capabilities, wide range of client relationships with leading industrial companies and proven track record in systems integration makes them a valuable alliance partner for Siemens and our customers. Our collaboration will allow us to build on our ecosystem related to MindSphere for current and future clients.” The company quoting its Accenture research states that predictive asset maintenance can save up to 12% in scheduled repair costs, reduce overall maintenance costs by up to 30%, and result in up to 70% fewer breakdowns. Patrick Vollmer, Managing Director, Accenture, said, “The shift to digital is putting more pressure on industrial companies to ensure their production data is contributing to the success of the company. Accenture’s vast experience in industrial analytics, data monetization and industrial internet of things are being applied to create the best use of MindSphere and the implementation of data driven business processes to create a new range of services for OEMs and their customers.”

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

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