Siemens signs MoU with IISc, CMTI for digital transformation labs February 08, 2021 × Labs to focus on the development of Industrial Internet of Things (IoT), Industry 4.0-enabled products & technologies Siemens Limited has signed two separate Memorandums of Understanding (MoU) with the Indian Institute of Science (IISc) and Central Manufacturing Technology Institute (CMTI) respectively to establish digital transformation labs. The labs aim to enhance the expertise of researchers at IISc and the technical skills of professionals in the machine tool industry. The MoUs will focus on developing the Industrial Internet of Things (IoT) and Industry 4.0-enabled products and technologies. The initiative is expected to benefit many research scholars, students and industry professionals across the machine tool industry in Bengaluru for three years. Particular emphasis will be given to equipping the labs with technologies, products and prototypes of emerging digital technologies such as Digital Twin, Blockchain Technology, Automatic Guided Vehicle, etc. This initiative will encourage adoption of smart digital technologies by MSMEs of the manufacturing sector.