The recent Innovation Day of Siemens India, held in Mumbai, brought the German industrial conglomerate’s global talent pool, including its Chief Technology Officer Roland Busch to showcase the next generation digitalization technologies to Indian customers.It’s not just technology; Siemens is bringing the entire eco-system that includes domain expertise and vendor network. The company launched India operations of its global venture arm Next 47 to invest in technology startups, aligned with its offerings.Power systems to digital solutionsClose The intent is clear, Siemens is trying to redefine itself from being a pure power system supplier to a provider of end-to-end digitalization solutions for industrial businesses. This they have been doing it for a decade by acquiring technology companies and integrating new methods of automation. related news Moratorium on Yes Bank to be lifted within 3 days of notification of scheme: FM Sitharaman Crude oil futures rises 4.64% in afternoon trade Coronavirus pandemic | Online doctor platforms see a surge in patient queries Siemens has invested 15.6 billion euros to develop its digital capabilities. The company employs 24,500 software engineers globally as a part of its R&D backbone.The shift was necessitated as its traditional business of power systems hardware that falls under capital…