The success of Siemens’ digital arm speaks to existential challenges that many organisations, across sectors and geographies, are facing. That is, the transition from a carbon intensive economy to one powered by renewables; and the transition from a physical economy to an increasingly digital one. Most organisations, investors and fiduciaries are facing similar transition risks and challenges. How organisations address them will be key to their futures.
Siemens underlined its resilience in a changing energy market as its digital operations posted “extraordinary” growth, prompting Europe’s largest conglomerate to raise its full-year outlook.