Thank. Thank you. Thank you Sean. Yeah, good morning everyone. Great that you made it here. So the Friday early morning talks are sometimes a bit bit challenging as I know today. It's an interesting topic. It's not that deep about technology, however, it's a very impactful topic, decarbonization and the role of digital identity. So how can science save the emission of co2? We are talking today about this topic, not just from a kind of philosophical or environmental point of view. It has its foundation in real customer projects where customers have approached us and are currently working on figuring out and combining new digital services and technology to improve their footprint and to safety environment. I'm sure next year at the same time here in Berlin, in case Jo and Martin approve that we can talk again, we can show a little bit more details when it's actually has happened. As of today, we have basically a couple of considerations and map it to the identity fabrics from and how this approach and this pattern can support the decarbonization process. My name is heico. With me today is Carmen. We both are from IC consult and I hand over to Carmen for sharing a couple of thoughts.
Sure.
So I'd like to start off with a very interesting fact. This is based on a study by bitcom. So digital technologies can reduce CO2 emissions by 100 free to 152 million tons per year. How much is that? That's approximately if you put or if you take 26 million cars off the year for a year off the road for a year, that's how much 150 million tons is. And let's dive a little bit deeper into the study. So what you see here is actually the different areas where we could could save those CO2 emissions and the areas that are interesting for us from a Siam perspective, that would be mobility, energy and buildings. Summing this up, summing up the study so we could, if you, if we use Siam Technologies, we could actually save up to 24% of CO2 in these free areas. So that's a lot. And now we wanna dive into some examples also from our customer's perspective, from customer projects. And I wanna start with smart energy and actually ask Haiku what your experience is from a customer perspective.
Yeah, so we made a blend on a couple of topics, but let me start with smart, smart energy. A couple of you guys have probably invested already in your private solar technology, having a private solar panel on your balcony and so on. And so that's the question, how can you combine and how can you leverage digital technology, Siam identity relationship management to take benefits of it for the environment, for your budget and how you can combine it. So probably your house or your flat is already a smart meter so that you exactly get an idea when the energy is more expensive or less expensive that you can learn about your consumption. But especially when you have a charging station for your EV vehicle or if you have just a washing machine and your balcony solar panel, the question is how to automate it. So basically when the sun is shining and you are in the middle of a teams call or zoom call for sure you don't want to run to the bathroom, click the start button and so on.
So basically it only makes sense if it's fully automated. So you need an kind of relation between on the one end, the device, your washing machine between a second device, your back, the solar panel and probably your digital identity where you steer and manage your smart home and having all together, you basically put your clothes in the washing machine at a certain point in time of the day, probably in the morning and start the process itself when the sun is shining, not when it's cloudy, not during the night and you don't have to interact such very simple things. So basically if you think a bit about it, it's a kind of no-brainer, but a huge amount of technology is involved in connecting those things together and basically keeping those systems secure. So probably you have heard from the Cyber Resilience Act coming up from the European Union as a directive for oil hardware producers or connected devices producers so that those are enforced to keep the technology safe, not just shipping our technology and then giving, giving nothing about keeping it updated or maintained in the future. Especially as those parts are crucial for a lot of automation and for, for an kind of change in how we act from an environmental protection point of view, it's crucial that we can really bring those those things together.
So now going back to our vehicles, we wanna keep those 26 million cars on the road but now we wanna make those electric.
Yeah, absolutely. So electric vehicles are probably my most favorite topic as I've worked and decided various roads for old Sherman automotive producers or OEMs and with a very, very strong focus on times or custom identity and access management, content management and that stuff. And very former times you're probably log at an OM like BMW Mercedes or the Porsche or Volkswagen was basically that you can log into the website to some car configuration and so on. This has shifted already kind of 10 years ago that it's part of your connected vehicle that you can use digital services in your, in your cars. In former times when you look back it was the combustion engine, you probably got a couple of information, it was nice to have, so probably on how much petrol you have still in the car and what the remaining reach of your combustion engine is.
But basically this was not a problem for you cause petrol stations are all are everywhere. You just put the device into your car, petrols flowing into your car and you can go and it just takes you 10 minutes and 10 minutes, five minutes. And even if it's crowded, it's not a big, big piece. However, when we are now switching to a new form of mobility and leveraging immobility to avoid the consumption of fossil energy, avoid the consumption of oil, you are ending automatically up that you have to change your behavior. You have to predict more on how your car can reach. You have to ensure if you need some energy and charging that you get a slot at the charging station, that the charging station is actually working and that you optimize your rules according to the stops where we have probably to consume new electric energy.
This change is at the end of the day only possible if you have, again, connected services are connected digital ecosystem where you have the connected car as a device on the one hand where you have the sign account, the customer's account or the driver's account on the other hand and in relation to to another party to charging stations which are not owned by the oem. So you have a various type of different parties of owners of devices where you can to ensure that you block and reserve your current, the charging station you are intending to go. You can do probably the billing out from your car and you have a couple of open standards that make this this possible. So also for this one digital technology, the digital identity as an enabler for something completely new. And without that an immobility change wouldn't basically basically work.
Okay, next let's talk about energy efficient buildings ha effort that we have a few public customers with nice stories you'd like to share.
We we, we have, yeah. So energy, energy efficient buildings. What we've seen within our customer base, we have a couple of public customers like the city of Munich or parts of city of Vienna who are doing a lot for their, for the citizens. So in Munich and Vienna they rent in parts, especially Vienna flats to their citizens for improved conditions. That's why the living rates cost of living are far more acceptable in Vienna than in Munich. But probably Munich is the far is a city. There might be different opinions on that common.
Be careful I'm from Austria. Yeah.
And the digital identity of the customer allows you to get transparency on your energy consumption. So everyone is annoyed when your energy costs are increased and you get a new bill at the end of the year and you have probably to pay an additional amount of money so good you pay it, you are probably a bit annoyed, you are probably a bit angry but immediately after paying you forgot it. So creating awareness on your own energy consumption is a very crucial step in changing behavior. You probably notice devices like Apple watch or other smart watches and everyone knows if you have a lazy weekend, if the longest way at home is the way from your bed to the couch or from the bed, from the bed to the kitchen and grab some food and back to the bed, you know that's an unhealthy behavior. It would be good if it's if, if it's a radio weekend going out doing some sports, doing some exercise or just going for a walk.
Everyone knows that but a lot of people do not do it. However, when you have a digital helper, a digital friend, basically the clock shows you the ring is not closed, that it's 5:00 PM in the afternoon high, your ring is not closed, might be a good idea for a walk. So it's just a very, very small change in behavior. You get the awareness and you actually probably go for a walk and do something a bit for your health. Of course it won't change completely and a 15 minute, minute walk on a Sunday afternoon won't make you healthy. But it's about changing habits, it's about microsteps. You won't probably the mo be the most sportiest guy just because buying a watch. But if you go small steps, if you change your behavior step by step based on new awareness that has been created, things can change.
And that's for energy efficient buildings. If you make people aware when they have a good behavior or educate them on how they can change their behavior to save energy, to optimize the reading when they're out to optimize their, so I don't get the English expression, the lift fogging it. So when they're opening the windows and closing the windows and if you educate people there, you can save a lot of energy And when you sum it up some cities based like Vienna or Munich or other big cities, that's a huge impact you can generate if people are using their energy in a just a bit smarter way. Tearing down the costs on the one hand but also saving a lot of emissions to the environment.
Lastly, digital twins. Can you share something on that?
Yeah, of course. The digital twin piece is probably most interesting. And before we started with preparing the, the, the actual slides, I read a couple of days in the past. So you see I've prepared them not that long, long back in the past. And very interesting article from Sylvia, she's here at the conference as well working as a consultant in another company and she was referring about digital twins and probably a lot of you know the concept of digital twins, it's often kind of related to manufacturing. So the digital twin of a car that you have, the virtual repre representation, the digital representation of a real car. Or when you have manufacturing like companies from Siemens who produce big engine or producers power plants, you have also digital twins but you can have a digital twin from a person as well. So you consume and get a lot of data, you can analyze this data and a reason for creating this data and the reason for the concept of digital twins is to drive simulations into predictions.
So all of us, we met today at the last couple of days in Berlin, but most of us are not living in Berlin. So you travel to Berlin, probably you came by car, by train or by plane, you know, probably the flying is not that good for your economic footprint. You know that the train is better but you made your decision on various aspects. So probably cause it's time saving cause it's easier for you as you don't have probably a good train connection to Berlin, but the excellent flight connection to Berlin so on. But you decide basically on an emotional feeling cause you think it's better. Looking back in time, if you would have an history, a digital twin of all your channels, so all the travels you have done in the, in the past and doing a real calculation and simulation, what would it have meant to be just traveling by train, just traveling by car?
Then you would get a couple of learnings and that's the same aspect of getting new awareness again. Cause then you can figure out, okay so my CO2 footprint by flying was number X by the train, it would have been number y and probably you figure out that you end to end travel time would perhaps been kind of equal or even but faster. Cause as a big matter there is a lot of time that is kind of wasted by traveling, by transportation from the airport to the inner city and so on. But you can't basically make an informed decision cause you do not know a couple of, a lot of facts on how your behavior effects at the end of the day. Your personal personal preferences. So being there very quickly, being there in a comfortable way. So, and I think making informed decision based on data is also an important thing to optimize our CO2 footprint.
I can keep the slide very, very short cause I'm telling nothing new. So the digital customer, the sign is basically the digital representation of a customer keeping the most important things, the basic identity. Some information on your customer profile, profiling content management so that you as a company may actually use the stater for various reasons and basically insights that can be derived based on data analytics, like with the concept of digital twins. And we look at the next slide, we see an evolution of sim for the last decade or so. So it started very, very easy with user and password. And then there was a big journey building up ecosystems for open APIs for big data, internet of things and other stuff. And the most important thing for Sims being a business driver, being a business enabler, not being just a piece of technology that a customer can log in in a website.
That it's just another username, just another password. It's about optimizing your business and it's about, for some customers already, it's about optimizing their environmental footprint. When we met those things to the identity fabric shown on the next slide, that's the probably most recent version I found in Martin's Martin's report. We have a couple of items or entities on the left side and basically you can clearly see consumers, customers, partners, devices and things are basically a crucial part of the identity fabrics, which have shown before. And I lined out on how they map to different, different parts like smart energy like e vehicles, smart building technology and the digital twins. And when you combine those different and various capabilities of the identity fabrics you have here at the top. And do we have an laser pointer? Yeah, no, it doesn't point. So basically at the top left there is the identity API layer.
So one layer that allows you based on open APIs to combine capabilities of your identity fabrics for new digital processes. And this is exactly what you want as an, as an fast moving company that you do not change your base systems but that you can weave new things into new digital services, combine things together when you decide to work together with a, with a partner for example in the relation Siam automotive manufacturer and charging provider. As this is wrapped in open standards, which are another crucial point that we line out a little bit later. It gives you and us the capability following the pattern of the, of an identity fabric fabrics to move things very good together. I have to be a bit aware of time. So a couple of things you should take away and when you think about the last days, you have probably heard it in a couple of of talks, I've picked out four things that are very important.
So first one is identity, identity verification and decentralized identities. Probably you have joined a couple of sessions from the op Myd foundation or the op Open Wallet Foundation folks and learned a lot what decentralized and identity verification means. It's a very important topic cause you can rely on information, you can rely on identities that that are coming with and supporting new use cases. When you think for example, that your car is sorting out the billing with your charging station automatically you need to have an exchange of un verified customer data on verified payment credentials and a couple of stuff. And a lot of things are going on in a very, very positive way in the industry. So those folks get a strong footprint and strong support. Support in extending existing and open standards where everyone can rely on in order to ensure a kind of vendor independence.
For example, a connected car consortium where we are, our member as well tries to combine this open standards into connected car technology where the OEMs, tier one suppliers and tier two suppliers are working together to create open wallets for the car to create digital keys for the car and basically ensure on how things can interact with each other. Identity orchestrations of the ability, as I said before, based on the identity fabrics to create something new very quickly without changing your complete systems. And very important things to move very fast in an way without investing too much and recreating your whole IT ecosystem for identity orchestration, APIs, a clear foundation that you can have a sensible and meaningful orchestration layer. And last but not least, and it's probably a very old slang, so when we look back, identity relationship management, we've heard it probably for more than a decade or so, a couple of vendors are driving this topic very, very, very strong. It's very important that you have the relationship in mind that you really know who's the owner of the car, who's the driver of the car, where is the car allowed, what is the car allowed to do, what services can be consumed? And weaving in this all into an ecosystem coming to an end digital technologies can drive the change. We have probably zero minutes left for questions, but probably we get one if there is any question in the audience.
Well thank you very much Hacor. Thank you. It was a great, a really kind of in thought-provoking presentation. Thanks a lot for that. Just a quick technical reminder for our online viewers. You have to use the app to submit your questions to my tablet here. And for the people here, please raise your hand if you have a question. I will bring you the microphone. However, I do have a question on, on my oath from my own, if I may. For me, a smart energy experience of smart energy started years ago with a call from a friend who basically told me, Hey, I just hacked a solar power plant, wanna have a look? This is probably why I still don't have a solar plant on my balcony till this time. How would you persuade me and people like me that it's actually safe and not just warm fuzzy feeling to bring some car decarbonization?
Yeah, that that, that's a good and interesting question. So I think on the one hand, industry has matured. So a lot of smart home technology have been more of fancy smart thing that has been shipped by clients, but not being fully aware of security and digital identity. I think all those manufacturers and producers have learned a lot on how to secure it. On the one hand, the other aspect is, and I think that's the point of regulatory coming from a government institution or here in Europe, from the European Union, like the Cyber Resiliency Act. So that vendors are really forced to implement a state-of-the-art security system, whatever that means for their kind of product and basically keep this up updated. And I think that's the most probably important thing that you have. On the one hand, the foundation that you, that it's not the wild west anymore. It's not just a a toy for the, for the nerds or for the early adapters that everyone can do kind of everything but building a CQ foundations for using new technologies. Digital. Digital technologies. Digital technologies in a, in a cq, C way.
Okay. Of awesome. Thanks a lot. Thank you. And if we do not have any further questions from the audience, then please another round of applause for our presenters. Thank you. Thank you. And.
