Frost & Sullivan Honours Siemens Building Technologies for Devising Economy-proof Growth Strategies and Blazing Trails in Technology Innovation
- The company's start-to-finish solution suite acknowledges and satisfies customers' energy needs
LONDON, Nov. 12, 2014 /PRNewswire/ -- Based on its recent analysis of the Building Technologies market, Frost & Sullivan recognizes Siemens Building Technologies with the 2014 Europe Frost & Sullivan Company of the Year Award. The company constantly gained market share even in flat economies in Europe by selling volumes of its Desigo Building management system (BMS) licenses and providing a full range of solutions and services.
Even during economic downturns, as a best practice, the company offered building efficiency services such as building performance assessment, analysis and benchmarking to ensure the highest return on investment. Given the broad range and installed base of Siemens Building Technologies, the business from refurbishment projects made the company less susceptible to economic volatility.
Apart from developing a wide portfolio of services, Siemens Building Technologies also has proven capabilities in innovating cutting-edge technologies, which bring significant value to end users. For instance, by basing its solutions on real open architecture to support full integration with products from other manufacturers, it helps end users to customize their solutions.
"Being well aware of the increasing energy costs and stringent government regulations, Siemens Building Technologies generates a multisite overview for multinational operating enterprises to support their sustainability," said Frost & Sullivan Research Analyst Balaji Anand Sagar. "The company has implemented an integrated methodology wherein its service starts from consulting and runs through the lifecycle of the customers' infrastructure. This business strategy has helped foster lasting customer relationships and made it the complete solution provider of choice."
Another important reason for the company's success is its dedication to innovation which is evident with an allocation of approx. 6 percent of the company's workforce to R&D. It invests significant resources in tapping fresh technologies in communication and automation. It aims to introduce the next generation of Desigo CC, an intelligent, future-proof integrated management platform. This platform supports the open networking of all functions and disciplines such as security, power, lighting, HVAC and safety, ensuring that they are always compatible. This saves time because new technologies and subsystem modifications can be integrated seamlessly. The modular design of Desigo CC makes it possible to add new disciplines and functionalities at any time. The open platform allows the control of all disciplines in the building as well the integration of third-party components. This makes Siemens the first provider to develop a centralized management platform that integrates all building disciplines in one platform.
Substantial cost savings, short payback period, reduced maintenance costs, flexibility of the facility, optimized comfort, and user-friendly applications are some of the core benefits of the solutions from Siemens Building Technologies. Importantly, the company exhibited leadership in customer value by protecting customers' investment with continuous backward compatibility for all legacy systems.
"One of its major focus areas among the application markets is data centre solutions; the company's data center business has been growing double-digit," noted Anand Sagar. "Its initiative in addressing end-user needs right from the R&D stage has resulted in customer-friendly innovative technologies and solutions that have greatly facilitated its entry to the data centre solutions, apart from ensuring success in many other vertical segments."
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
About Siemens Building Technologies
The Siemens Building Technologies Division (Zug, Switzerland) is the world leader in the market for safe and secure, energy-efficient and environment-friendly buildings and infrastructures. As technology partner, service provider, system integrator and product vendor, Building Technologies has offerings for safety and security as well as building automation, heating, ventilation and air conditioning (HVAC) and energy management. With around 28,000 employees worldwide, Building Technologies generated revenue of approx. 5.8 billion Euro. For more information, visit http://www.siemens.com/buildingtechnologies
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Best Practices, Frost & Sullivan
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