Schneider Electric demonstrates its industry-leading innovations at Innovation Summit in Singapore

Schneider Electric demonstrates its industry-leading innovations at Innovation Summit in Singapore

/ Technology & Smart Cities / Sunday, 07 October 2018 13:39

Schneider Electric has established itself as a leader in the digital transformation of energy management and automation. At its latest Innovation Summit which was held in the technologically-driven city-state of Singapore, Schneider Electric demonstrated how the company plans to solidify its position as the global leader in helping companies execute their digital transformation goals in the energy sector.

The power of the Schneider Electric brand and the cutting-edge innovations it was showcasing ensured that world-leading entrepreneurs, executives and industry leaders descended at Singapore Marina Bay Sands to explore, discuss and examine the insights, challenges and opportunities for powering and digitizing the economy.

Schneider Electric Innovations Unveiled for East Asia

Schneider Electric created its global Innovation Summit roadshow two years ago and it has enjoyed phenomenal success since its inception. This year's Innovation Summit World Tour includes 20 events across the world, which is double what the 2017 program offered. The Singapore event was Schneider's largest in East Asia, and the company showcased its latest developments to EcoStruxure™, its IoT-enabled, plug and play, open, interoperable, architecture and platform.

EcoStruxure™ delivers enhanced value around safety, reliability, efficiency, sustainability, and connectivity. EcoStruxure™ leverages advancements in IoT, mobility, sensing, cloud, analytics and cybersecurity to deliver Innovation at every level, from connected products, edge control to apps, analytics and services.

EcoStruxure™ has been deployed in 480,000+ sites, with the support of 20,000+ system integrators and developers, connecting over 1.6 million assets under management through 40+ digital services.

Major EcoStruxure developments presented at the Summit

EcoStruxure Power: The next generation of Schneider Electric's IoT-Enabled platform and architecture for electrical distribution was announced, dramatically strengthening power management capabilities for customers to improve operational efficiency and reliability. New user applications (EcoStruxure Power Advisor), edge control management software (EcoStruxure Power Monitoring Expert 9.0 and Power Scada Operation 9.0), and connected products (Powerlogic ION9000 Meter and Easergy P3 Protection Relay) were announced.

EcoStruxure Building: This smart, collaborative platform and architecture designed for buildings delivers maximum building efficiency and increased people comfort and productivity. EcoStruxure Building will benefit from new user applications (EcoStruxure Building Advisor), a new edge control application (Ecostruxure Building Operation 2.0), as well as new connected sensor products (SmartX IP Controller MPx and SmartX Room Sensors).

Ecostruxure Plant and Machine: Our IoT technologies, including integrated software, are ready for smart manufacturing and can deliver new business opportunities for plants and machine builders - increasing profitability (EcoStruxure Triconex) and productivity (EcoStruxure Machine Advisor).

EcoStruxure Asset Advisor: The new version of Schneider Electric's equipment monitoring services application brings a much-needed cloud-based, data-driven 24/7 predictive service for business continuity in electrical distribution and critical data center assets.

Bold ideas for the digital economy

Schneider Electric has flourished under the dynamic leadership and vision of Jean-Pascal Tricoire. The CEO joined the energy behemoth in 1986 and quickly climbed the corporate ladder within the organization. In 2006, he was appointed President and CEO, and was later named as Chairman of the company in 2013.

Since his appointment Schneider Electric has become the incumbent player in the digital transformation of energy management and automation in homes, buildings, data centers, infrastructure and industries. Its global presence has now extended to over 100 countries under his direction and it has firmly cemented its status as the undisputable leader in power management - medium voltage, low voltage and secure power, and in automation systems. His ambitious idea and vision is to help federate the largest ecosystem of people and businesses that share a common passion for efficiency technologies and create a more sustainable world.

During his brilliant keynote address at the Innovation Summit in Singapore, the Schneider Electric CEO highlighted how industries are being disrupted by the rapid advent of digital transformation, but that enterprises are now benefitting from the integration of emerging technologies like AI and Internet of Things into their existing operations which increase operational efficiency and reduces cost.

Jean-Pascal Tricoire, Chairman and CEO, Schneider Electric said, "As a responsible industry leader, we need to demonstrate how our innovations help our customers and partners make a successful digital transformation in energy management and automation. Our technologies, built on EcoStruxure™, harness the power of digitization, enabling our customers to become more efficient, safe, reliable, connected and sustainable leaders in the New Digital Economy."

Singapore Smart Nation 

Singapore has been aggressively pursuing its smart city objectives over the last number of years and it has become a shining beacon of technology advancement that other cities across the world aspire too. However, the ambitious government want to make the city-state the world's first Smart Nation - and it has enlisted the help of Schneider Electric to help its achieve this goal.

Schneider Electric strategically held its first large scale Innovation Hub in Singapore, as part of its efforts to expand sustainability efforts not just in Southeast Asia but throughout Asia.

To date, Schneider Electric has collaborations with 50 small and medium-sized enterprises in go-to market operations and digitalization programs including the Sanwa Group, GP Manufacturing and Microcast. Concurrently, it is also helping distributors set up e-commerce platforms, allowing them to perform up to 80% of their transactions digitally.

But the greatest value in the Innovation Hub lies in the EcoXpert Partner Program. In this program, Schneider Electric empowers world-leading technology providers with skills and expertise in the latest IoT technologies and solutions, such as EcoStruxure, to pioneer the future of electrical automation.

In the long term, Schneider Electric hopes to build an ecosystem of local and regional certified partners under the EcoXpert Partner Program, trained in their fields of expertise such as power monitoring, building automation and data connectivity.

Speaking of long-term goals, a key part of any sustainability strategy is the two-fold approach of equipping future generations with technical knowledge, as well as cultivating a mindset centered on sustainability. For instance, Schneider Electric supports the Singapore Renewable Energy Integration Demonstrator project on Semakau Island by Nanyang Technological University to test-bed the integration of solar, wind, tidal, diesel, waste-to-energy and power-to-gas technologies.

"We strongly believe that to develop the leaders of the future, it is about having an international perspective and exposure to other cultures and other ways of working," says Tommy Leong, zone president of East Asia & Japan at Schneider Electric.

During the two-day event, customers, partners and suppliers attended Strategy Talks on topics as varied as "Redefining power distribution", "Intuitive manufacturing, thanks to digitization" and "Reinvented buildings." Schneider Electric is also conducting 15+ Expert Learning Sessions with its stakeholders, delivering concrete customer successes and solutions and interactive discussions between participants.

Finally, a 3,700 m2 Innovation Hub demonstrated the wealth of Schneider Electric's software, solutions and services. The Singapore Innovation Summit also featured the company's growing network of Strategic Digital Alliances, Technology Partners, EcoXpertsTMand Start-Ups.

Over 20 partners were represented at the Innovation Summit, and they included Microsoft, Accenture, Cisco, Dell EMC, Autogrid, Danfoss, Somfy, and AVEVA, that complement Schneider Electric EcoStruxureTMsolutions.

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