Dr. Ralph-Christian Ohr’s Post

#HM24 is a wrap! 🏁 One of my key takeaways from the insightful Siemens stage program under the motto "Go Digital, Become Sustainable" has been: The future of industrial production, becoming more sustainable and addressing the world's greatest challenges - such as accelerating decarbonization - calls for collaborative business models and solutions 🤝 that leverage multi-stakeholder partnerships and ecosystems. Companies can't simply go it alone any more! ⛔ Veronika Bienert from Siemens Financial Services clearly pointed out: Building and in particular scaling sustainable innovation and 'green business models' 🌳, paving the way towards a carbon-neutral future, essentially requires combining technology, entrepreneurial as well as finance expertise that have been used to belong to largely isolated ecosystems. Simply put, we need to build bridges to assemble truly customer-centric and financially viable solutions for the future. Another case in point: Data Driven X, a Siemens-internal scaleup, provides a platform to build a cross-industry ecosystem, connecting machine users, machine builders and finance institutes. By generating transparent insights from IoT-based machine data for all stakeholders, Data Driven X enables dynamic, tailored financial solutions, outcome-based business models and a CAPEX-to-OPEX shift, resulting in optimized cash flows (see picture attached). 🎯 What have your key takeaways from #HM24 been? You missed the Siemens stage program or would like to rewatch certain sessions? Don't worry and check out all recordings here 👉 https://lnkd.in/evbYJJVc Siemens Industry Siemens Infrastructure [Sponsored] #DigitalTransformation #DigitalEnterprise #Sustainability #Sie_HM

In eigener Sache: Ich freue mich sehr über die Nominierung für die Rudolf-Diesel-Medaille 2024 🥇, den renommierten und Europas ältesten Innovationspreis. Bitte lasst doch ein „Like“ da, wenn ihr mich unterstützen möchtet! 🙏😀 On personal note: Thrilled to be nominated for the Rudolf-Diesel-Medaille 2024 🥇, the prestigious and Europe's oldest Innovation Award. Please leave a “Like” if you want to support me. Thanks! 🙏😀 #Innovation #CorporateInnovation #RudolfDieselMedaille #RDM #Innovationspreis #InnovationAward

Half-time of the Siemens stage program at #HM24 under the motto "Go Digital, Become Sustainable". ⏱ Three of many highlights so far were singled out by Cedrik Neike, CEO Siemens Industry, and Tony Hemmelgarn, CEO Siemens Digital Industries Software, this year's booth captain: 1. Customer-centric focus 🎯 - In recent years, Siemens was used to have different booths for hardware and software at HANNOVER MESSE. This year, we experience one solution-oriented booth, targeting individual customer problems and addressing vertical-specific solutions. Focus has shifted from technology-centricity and product show-offs towards customer-centricity and customer journey optimization. 2. Sustainability takes center stage 🌳 - Customers are demanding it, capital is flowing towards it, and reporting and compliance commitments are being made. Sustainability has become a major driver in the industry and is part of every element of this year's show. It's time for companies to become sustainable Digital Enterprises by combining the real and digital worlds, leveraging insights from holistic data flows across the entire value chain. 3. Scaling and democratizing AI 💻 - Generative AI is accelerating Digital Transformation even faster and is transforming industry. Scaling AI presents a key challenge, though. Therefore, Siemens aims to make it accessible to everyone by rolling out the first GenAI-powered product for engineering in an industrial environment. The 'Industrial Copilot' revolutionizes human-machine collaboration by enabling people to enhance efficiency and speed up processes. It accelerates the generation of complex automation code, reduces development times, and increases productivity. The Industrial Copilot will be available for download from the Siemens Xcelerator marketplace starting in summer 2024. You dont't want to miss further insights? Just tune in to the remaining stage program until Friday - please find the link in the comment. 👇 [Sponsored] #TransformTheEveryday #DigitalTransformation #DigitalEnterprise #Sustainability #AI #Sie_HM

Countdown is running! ⌛ The Siemens experience at HANNOVER MESSE #HM24 under the motto "Go Digital, Become Sustainable" is kicking off next Monday. This year's key message: Industrial enterprises need to go digital in order to become more sustainable across their entire value chain. 🌳 What if the digital world is not a place where we go to escape the real world, but to make the real world better? What if the industrial world comes together in collaborative ecosystems to fully realize the digital transformation needed to achieve sustainability? What if to access cutting-edge technology and future-focused financing from one single source? Join #TeamSiemens and learn how to become a future-proof 'Sustainable Digital Enterprise' 🚀, driving decarbonization, energy and resource efficiency, circularity, people centricity, societal impact as well as resilience, by taking a 'digital-first' approach and combining core technologies such as ✔Artificial Intelligence (AI) ✔ Digital Twin ✔ IT/OT Convergence ✔ Cybersecurity Claim your free ticket to visit the Siemens booth on-site in hall 9 or to get access to the Digital Experience platform 👉 https://lnkd.in/ebkrPziC Siemens Industry Siemens Infrastructure Siemens Financial Services [Sponsored] #DigitalTransformation #DigitalEnterprise #Sustainability #Sie_HM

Hannover Messe #HM24 is just around the corner! ⏳ How will a digital-first approach revolutionize the way we design, manufacture, and recycle products for a more sustainable future? Join the Siemens experience under the motto "Go Digital, Become Sustainable" 🌳 on April 22-26 and discover how - on-site in hall 9 or online! This year's value-packed experience features the latest innovations, an amazing tech show, cutting-edge industry showcases, and an insightful stage program to inspire your way forward. 🚀 Highlight topics include: 🎯 Unlocking the power of Generative AI through Industrial Copilots 🎯 Accelerating Digital Transformation by making use of Siemens Xcelerator 🎯 Digital Twin technology paving the way into the Industrial Metaverse Get your ticket for free access to the Hannover Messe fairground as well as the Siemens Digital Experience platform 👉 https://lnkd.in/ebkrPziC Siemens Industry Siemens Infrastructure Siemens Financial Services [Sponsored] #TransformTheEveryday #DigitalEnterprise #DigitalTransformation #Sustainability #Sie_HM

The Case for Dual Innovation: 45% of CEOs do not believe their companies would survive more than a decade if they remain on their current path (PwC Annual Global CEO Survey, link in the comment). 😳 Bottom line: Those CEOs are forced to strengthen and innovate within their company's existing business model and at the same time consider how to reinvent it. 🙌 They need to ask themeselves two fundamental questions: ❓Is our strategy bold enough to accommodate reinvention? ❓Do I have an aligned leadership team to execute on this bold ambition? Thoughts? Do you want to discuss Dual Innovation (see https://lnkd.in/ecRc-_pp) for your company to make it future-proof? Please drop me a message! 👍 #innovation #corporateinnovation #strategy #leadership #DualInnovation

Risk ≠ Uncertainty: ☝️ „Uncertainty is not the same as risk. Risk is calculable; it can be expressed in terms of odds. Uncertainty is incalculable. A game of roulette is risky but not uncertain. As John Maynard Keynes put it in his „General Theory of Employment, Interest, and Money“, uncertainty means ‚there is no scientific basis on which to form any calculable probability whatever. We simply do not know.‘ […] To deal with risk, you need to build things like redundancies and hedges into your strategy (such as lines of credit or back-up suppliers). Disruption and uncertainty call for something different. […] in complex or chaotic environments, leaders need the capacity to probe, test, and respond, devising strategy on the basis of what they learn as they go. For that, you need a mindset and an organization designed to sense, interpret, and adapt quickly - along with an overall sense of strategic direction, so that you know where you are headed even while never being sure which specific path will take you there.“ (Quoted from „Why Some Companies Grow Amid Uncertainty - and Others Don’t“ (HBR, 2024, linked in the comment) Thoughts? Do you seek to future-proof your company? Let‘s have a discussion! 👍 #innovation #corporateinnivation #strategy #leadership #uncertainty

Overcoming the Execution Challenges to Disruptive Innovation: Many companies have established what, in theory, are the building blocks for disruptive innovation success. They have developed a vision of the future, committed resources, and even built dedicated, separate units such as Meta’s Reality Labs and Google’s X units. So, why is disruptive innovation so hard to manage? 🤔 Based on recent findings from Innosight (summarized from a fresh and insightful article linked in the comment), the root cause of failure often comes down to practical execution. Companies need to overcome four major challenges: ✔ Navigating the "fog of disruption": Disruptive changes produce complexity and uncertainty, especially during nascent stages. Most successful companies are wired for efficiency, so when they encounter complexity, they attempt to simplify it.  This can lead to overconfidence in ultimately flawed strategies. 🎯 Advice: Companies should seek to rewire their organizations, developing an end-to-end process for managing uncertainty. ✔ Focusing on market development: Developing a killer product does not guarantee success. It doesn’t naturally mean customers will come. Yet companies repeatedly come up short in developing a market for their disruptive products. 🎯 Advice: Companies should look out for lower market barriers, invest in distribution and marketing capabilities and account for factors like switching costs and customer risk aversion. ✔ Mastering stakeholder buy-in: Disruption can be unsettling and scary to stakeholders. Investors may be impatient and skeptical. Employees may perceive such strategies as threats to the core business and their jobs. Customers may have questions about the company’s focus. 🎯 Advice: Companies should develop a clear communication strategy that aims to ensure that different audiences, with various concerns and questions, get complete information about the strategy. ✔ Creating a disruption-ready culture: Most successful companies are designed for efficiency, rather than disruptive change. They will mostly appoint a new leader to spearhead the disruptive effort and separate the new business from the core to protect and ensure it gets the right resources. These are important steps, but they don’t scale on their own. That requires directly addressing cultural challenges. 🎯 Advice: Rather than attempting to change culture broadly, companies should focus on changing behaviors that support specific business outcomes. They should also methodically identify underlying obstacles to these behaviors and use multiple interventions to encourage them - from formal organizational changes like incentive schemes to more informal 'nudges' that encourage behavior in direct ways. Which further challenges to disruptive innovation have you experienced? Do you want to discuss innovation beyond your core business? Please drop me a note! #innovation #corporateinnovation #strategy #corporateventuring #DualInnovation