Security News > 2020 > June > Siemens and IBM announce new solution designed to optimize the SLM of assets

Expanding on their long-term partnership, Siemens and IBM announce the availability of a new solution designed to optimize the Service Lifecycle Management of assets by dynamically connecting real-world maintenance activities and asset performance back to design decisions and field modifications.

This new solution establishes an end-to-end digital thread between equipment manufacturers and the owner/operators of that equipment by leveraging elements of the Xcelerator portfolio from Siemens Digital Industries Software and IBM Maximo.

"The combined capabilities of IBM and Siemens can help companies create and manage a closed-loop, end-to-end digital twin that breaks down traditional silos to service innovation and revenue generation," said Peter Bilello, President & CEO of industry research and consulting firm CIMdata.

This joint solution from Siemens and IBM creates a single source of information designed to help OEMs and equipment owner/operators improve many aspects about how they design, maintain, and service their assets.

"This new collaboration combines two industry-leading offerings into a unique solution for the industry," said Kareem Yusuf Ph.D., General Manager, IBM AI Applications Business.

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