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Schneider Electric foresees 6% growth from digital economy

Product News Monday, July 16, 2018: Schneider Electric South Africa (Pty) Ltd.

Johannesburg South Africa, 25 January 2018 – Schneider Electric recently held a meeting in Paris with investors and financial analysts to highlight the group’s digital strategy and differentiated offers for 2018.

“Schneider Electric is leading the digital transformation of energy management and industrial automation,” explains Eddie Ukpong – Digital Customer Experience Country Leader, Southern Africa for Schneider Electric. “It is ready to offer its customers a new level of efficiency and performance, as digital acts as a key driver in reaching the group’s target of 3-6% growth in 2018. Specific products such as Edge Control and Apps, Analytics & Digital Services are targeted to grow above group average.

“Schneider Electric’s long history of digital innovation and experience enables customers to win in the digital economy through the group’s unique EcoStruxure platform and superior digital customer experience. The in-depth presentations covered the four domains of EcoStruxure: EcoStruxure Power, EcoStruxure IT, EcoStruxure Machine and EcoStruxure Plant.”

Driving success

Six foundations are driving Schneider Electric’s success in the digital space.

1. One IOT-ready architecture and platform, EcoStruxure, which enhances value and enables digital adoption in the Group’s key end-markets, with embedded end-to-end cybersecurity

Leadership at the edge with advanced control and intelligence, with embedded software capabilities

Digital lifecycle management, with a complete offering, for increased consistency and cost savings, from Capex to Opex, further strengthened by the Aveva transaction Deep technology domain and segment expertise that drives high value solutions for the group’s targeted segments, cross-selling the group’s complete product offering.

Vast digital services portfolio already available, with 40 digital service apps already commercialised and an additional 20+ to come in 2018, leading to a high ROI for customers.

Best-in-class, open partner ecosystem as a multiplier: Built on interoperability and open standards, the group’s architecture is further advanced through strategic partnerships for increased reach and adoption and an EcoStruxure community of 20,000+ system integrators & developers.

Digital business transformation

“These foundations create a powerful cycle that is fostering additional growth for the future,” continues Ukpong. “The strong customer digital value proposition is enabled by the group’s digital transformation, built upon four pillars.”

1. Leveraging common technology through a transversal digital organisation
2. Enhancing competencies through expanded HR processes in the group’s Step Up programme
3. Measuring performance through a Digital Barometer
4. Supporting a strong innovation system through technology partners, developers and system integrators as well as agile R&D processes

“The board of directors has decided to create a Digital Committee, whose composition will be announced following next AGM in April 2018. It will focus on digital strategy and performance. 

“At Schneider Electric South Africa, we are proud to be part of a global group, with local execution expertise, offering highly skilled planners, application engineers, designers and supply chain manager that together deliver the best customer experience,” concludes Ukpong.