The German business community is convinced its future hangs on the digitalization of industry.
The idea is to network machines and factories to boost efficiency, reduce costs and make better products. It is a billion-euro market attracting diverse players from many different sectors.
The German economy is still at the forefront of the development of this fourth industrial revolution. After all, Industry 4.0 is an idea emerging from an initiative by the German federal government. But in the meantime others, such as the Americans and the Chinese, have discovered the concept for themselves. Germany and Europe are at risk of losing their advantage to the discussions over the sovereignty and security of the data.
In order to prevent all of this, two German heavyweights, Deutsche Telekom and Siemens, are joining forces to combine their expertise and to give the development of Industry 4.0 a new dynamic.
Siemens and Deutsche Telekom have agreed to a research partnership over the next three years. Three Siemens locations in Nuremberg, Karlsruhe and Munich will be digitally networked with each other.