Siemens CEO: Automation, digital twin and grit

Siemens' transformation through digitalization and AI is explored with CEO Roland Busch, emphasizing the combination of the real and digital worlds to boost productivity and sustainability. Busch illustrates this with the concept of a digital twin, where physical assets are modeled virtually to optimize performance and reduce waste, citing the example of building a plant in China. He also touches on smart infrastructure, highlighting Singapore as a leading smart city due to its integration of digital services across various sectors. Busch further discusses Germany's need for infrastructure investment, education reform, and targeted support for new technologies to maintain its competitive edge. The conversation also covers Siemens' approach to talent development, including the promotion of individuals through "double steps" in their careers, and Busch's leadership style, which values openness, empowerment, and a balance between data-driven decisions and gut feeling.