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Standardization and Automation as the Basis for Digitalization in Controlling at Siemens Building Technologies

In: The Digitalization of Management Accounting

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  • Ivo Gerig

Abstract

For more than ten years, Siemens has had a uniform data platform that brings together details from all transaction systems. Work on standardization and data quality is ongoing. Using practical examples from Siemens Building Services, the author describes the development of various applications and their use in controlling and management self-service. Beyond the pure efficiency gain through standardization and automation, real added value for business management is created through the use of predictive analytics. This creates new opportunities for the timely identification of risks and opportunities. The use of innovative tools provides controlling with new analysis and visualization options. In addition to a high level of business understanding, this requires the controller to have in-depth skills in reading and interpreting data as well as in information technology.

Suggested Citation

  • Ivo Gerig, 2023. "Standardization and Automation as the Basis for Digitalization in Controlling at Siemens Building Technologies," Springer Books, in: Imke Keimer & Ulrich Egle (ed.), The Digitalization of Management Accounting, chapter 13, pages 193-215, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-41524-2_13
    DOI: 10.1007/978-3-658-41524-2_13
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