Nov 2018

Leo Simonovich, Vice President and Global Head of Industrial Cyber and Digital Security, Siemens

“We've heard that going on the digitalization journey is like sending an invitation out to criminals to try hack you” Simonovich said. The reality is that digitalization – and specifically analytics – is integral to securing the full energy value chain.”

Simonovich asked that leaders see not just the business opportunity behind digitalization and analytics, but the security opportunity as well. He identified three distinct challenges during his presentation.

Digitalization can still feel like a far-off concept. 

I'll go on the record here and say that a common buzz-phase – digital transformation – is actually a bit misleading. It's misleading because, when something transforms, you end up with something drastically different from what you started out with. You imagine a new version replacing the old version. And, frankly, let's say you're a control engineer or plant manager, that's a bit overwhelming when taking into account everything already on your plate.” Simonovich said.

About Siemens

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for 170 years. The company is active around the globe, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. With its publicly listed subsidiary Siemens Healthineers AG, the company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2017, which ended on September 30, 2017, Siemens generated revenue of €83.0 billion and net income of €6.2 billion. At the end of September 2017, the company had around 377,000 employees worldwide. Further information is available on the Internet at www.siemens.com.