The window of opportunity to take advantage

With incomes of ~€25 billion in FY2016, our 144,000 representatives serve clients in more than 100 nations, Schneider Electric helping them to deal with their energy and process in ways that are protected, dependable, productive and practical.On the standards issue, Windpassinger recounts being at an industry event a couple of weeks ago, and the impression was clear. His new book (left) offers little in the way of compromise. “You look at all those standards, it' just crazy,” he says.
The book outlines what supermarket Display Rack it calls an IoT4 methodology, going through each section; how the IoT structures itself from a technology perspective; offering differentiation strategies; different business models; and transitioning from an analogue to a digital customer experience. From the least difficult of changes to complex operational frameworks, Schneider Electric innovation, programming and administrations enhance the way our clients oversee and computerize their operations. Companies – and company cultures – differ.. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. Schneider Electric associated advancements reshape businesses, change urban communities and advance lives. In other words, if you don’t digitize, you die. “The title is a good explanation that you need to change, you need to evolve, all of us, personally and professionally,” he tells IoT News.
The window of opportunity to take advantage of IoT, Windpassinger argues, is gradually shutting. Well the reality is that it' not true, and there' quite a bit of literature on that,” adds Windpassinger. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.“Is it going to last like this? Are some of the consortia going to team up and try to go for these global standards? Honestly, I don’t really know, and I don’t think anyone on the market really knows where it' going to go. At Schneider Electric, we call this *Life Is On*. However, whatever the size of your organisation, as the book details, there are common steps that can be taken. “If you go to an IoT event, you look at the startups, you look at the companies… they’re selling technology, but what are they solving? What is their core value proposition?“Very often we say to succeed in the IoT you need to be a startup. If it were so easy, everyone would be doing it by now; we wouldn’t have to wear out shoe leather pounding round industry events, or reading every analyst report we can get our hands on.
This is for two reasons; firstly, anyone who has read such tomes knows the majority of the material is out of date by the time it hits the shelves; and secondly, because it' difficult to predict how the market – particularly though standardisation – will go. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. “If you don’t evolve or learn, you’ll die, and your competition is going to take care of you. But the problem has always been the lack of magic formula to make things work.”Yes, there is no magic formula, no one page or sentence that enables organisations of all sizes just to flick a switch and ‘become IoT’.