When German engineering giant Siemens AG brought on new CEO Joe Kaeser in late July, the company promised to rein in its R&D Department, instead focusing on the company’s preexisting strengths. “We have been trying to achieve too much too quickly,” Kaeser told analysts. “There needs to be more focus on projects, on execution, on quality and reliability.”
For Siemens, which has built its brand upon electronics, energy and industry, this means a return to its roots to perfect current products and technologies. And a look at the company’s most recent patent applications shows Siemens moving in exactly that direction: staying within the electrical and industrial realms, with an increased focus on medical technologies.