1.2 Company profile → Software Systems & Processes: Complex, distributed Siemens Healthineers’ focus also lies on other research prior- industrial software systems that integrate software from ities with the goal of shaping the healthcare of the future. different providers can only be developed using new These include medical technology, sensor systems, and methods and processes in software system development. robotics and any of the increasingly complex applications → Power Electronics: Power electronics for inverters have that can be automated. By using digitalization and AI respon- always played a major role in industry. As the amount of sibly, Siemens Healthineers is increasing the quality, efficiency, electricity generated by renewable energy sources grows, and effectiveness of care at all levels of the healthcare the stable operation of power grids will also depend on delivery system. advances in power electronics. → Additive Manufacturing & Materials (from fiscal 2024 Siemens supports research, founders, and students to help on: Advanced Manufacturing & Circularity): Because of drive the development of innovative solutions. We work the increasing importance of circularity for our customers closely with scientists at more than 500 leading universities and society, we will sharpen our focus on elements like and research institutions, not just through bilateral research recycling. Additive manufacturing technologies continue cooperation agreements but also in publicly funded collec- to play an essential role by facilitating flexible production: tive research projects. With the Siemens Research and Inno- for instance, component designs with optimized material vation Ecosystem program (RIE), we want to address today’s utilization and an optimized performance-weight ratio. challenges with technologies of the future in a collaborative → Future of Automation: We are shaping automation approach. In fiscal 2023 we collaborated in 16 local Siemens 3 technologies with the goal of cutting engineering Research and Innovation Ecosystems around the globe . expenses, increasing flexibility – by integrating autonomous manufacturing machines, for example – and improving Siemens’ global venture unit, Next47, provides capital to our customers’ productivity while also reducing energy help enterprise-focused start-ups expand and scale. It nurtures consumption. next-generation business for Siemens by partnering with → Cybersecurity & Trust: Industrial cybersecurity is a key global start-ups at the early and expansion stages of their technology for digitalization. The security of industrial development. Next47 seeks to anticipate the impact that facilities and the protection of data and intellectual prop- new technologies will have on our markets. This knowledge erty are important requirements for customers as well as enables Siemens and its customers to grow and thrive in the governments and societies. age of digitalization. → Sustainable Energy & Infrastructure: Energy generation is moving away from the paradigm of large, centralized Continued high investment in R&D power plants towards a network of smaller independent In fiscal 2023, we reported research and development generators. Sustainable infrastructure and energy sources expenses of €6.2 billion, compared with €5.6 billion in fiscal are essential to this transformation. 2022. The resulting R&D intensity, defined as the ratio of → Integrated Circuits & Electronics: Integrated Circuits & R&D expenses to revenue, was rated at 8.0%. Additions to Electronics bundles R&D activities in areas like optimized capitalized development expenses amounted to €0.3 billion. circuit design and resource-efficient manufacturing, the As of September 30, 2023, Siemens held approximately testing and operation of industrial electronics, and recy- 45,000 granted patents worldwide in its continuing opera- cling electronics-based products. tions. COMBINED MANAGEMENT REPORT → User Experience: Users expect intuitive operation in all our products. The purpose of the User Experience core technology is to find out how customers use Siemens products, what functions they need, what they expect, and what is unnecessary. 3 Siemens without SHS. SIEMENS SUSTAINABILITY REPORT 2023 14