--- description: Find out why Siemens was selected for the list title: TIME100 Most Influential Companies 2023: Siemens image: https://static.time.com/v3/assets/bltea6093859af6183b/blt1d3e110f87ac0cca/698a3dcc09208f523241a702/time100-companies-Siemens-2023.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Jun 21, 2023 # Siemens Digitizing factories by Jared Lindzon  Roland Busch, president and CEO of Siemens. Roland Busch, president and CEO of Siemens.Courtesy of Siemens AG At age 175, industrial-­technology powerhouse Siemens has its sights on the metaverse. Its Xcelerator platform, launched last year, includes digital-twin software to create photorealistic virtual versions of real-world manufacturing facilities. Companies are using Xcelerator to speed up production of electric vehicles, improve battery-cell manufacturing, and reduce factory carbon footprints. Siemens also has a multiyear contract with the U.S. FDA to help medical-device companies speed product development and increase manufacturing capacity using [digital-twin techniques](https://time.com/6268882/digital-twins-medicine-future/ "undefined"). The “industrial metaverse,” says CEO Roland Busch, “has the potential to solve many real-world ­problems.” _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined"). ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2023/6285184/siemens/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2023/6285184/siemens/"},"headline":"Siemens","datePublished":"2023-06-21T10:55:40.000Z","dateModified":"2026-03-03T00:15:55.359Z","description":"","url":"https://time.com/collections/time100-companies-2023/6285184/siemens/","keywords":["TIME100 Companies"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt1d3e110f87ac0cca/698a3dcc09208f523241a702/time100-companies-Siemens-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"TIME Staff","jobTitle":null,"url":"https://time.com/author/time-staff/"}],"creator":"TIME Staff","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt1d3e110f87ac0cca/698a3dcc09208f523241a702/time100-companies-Siemens-2023.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2023/6285184/siemens/","name":"Siemens"}}]}] ```