Schneider Electric (SE) is seeking to leverage its Internet of Things (IoT)-driven competencies to bring about process efficiency across businesses in India. IoT is an emerging industry in India and is expected to cross $15 billion by 2020. To support this industry, the Department of Electronics and Information Technology (DeitY) has come out with a draft IoT policy that aims at building an entire ecosystem around IoT and to incentivize the players in the ecosystem. Home and building, manufacturing, consumer electronics, retail, power, transportation and healthcare are some of the key sectors which are likely to see major spendings on IoT.
SE has developed operator training simulators (OTS) that leverage IoT technologies so that knowledge can be transferred and skills developed in months – not years. OTS allows workers to experience and respond to simulated high-risk control room situations in a risk-free virtual-reality environment. Similar to how airline pilots or astronauts train, simulators throw various “failure issues” and problems at trainees to ensure they can cope with malfunctions and upset conditions.
With India going strong on technology-driven growth – be it the Smart City Vision, Digital India programme or energy management – Schneider Electric considers it a big opportunity to leverage its IoT experience in the Indian market. SE recently concluded its “Life Is On” brand campaign launch with the theme, “Internet of Things”. The event focussed on industry trends, future aspects and the Company’s approach for IoT with special reference to the role of IoT in commercial buildings, utility, process automation, data centrrs and residential buildings.
Anil Chaudhry, Country President & Managing Director, Schneider Electric India, said, “Even before the term ‘Internet of Things’ became a global buzzword, Schneider Electric’s technologies and innovative solutions were contributing to the rise of IoT. As India seeks to create a roadmap for its Smart Cities’ mission, SE’s IoT solutions will be well placed to facilitate the long-term success of this initiative.”
Schneider Electric plays a key role in helping industry stakeholders leverage operational intelligence that allows for successful process execution. The company services physical infrastructure through remote monitoring and offers new levels of service. SE has the following five core IoT-driven competencies:
- Business process efficiency (higher productivity and profitability)
- High asset availability and performance (predictive and condition-based maintenance)
- Risk mitigation and safety (embedding safety into product designs)
- Enablement of faster time-to-market (securing both centralized and edge applications)
• Sustainable growth (low CO₂ emissions products and systems)