Nothing is possible in the modern world without energy.
Thanks to technology, the world of energy is being reinvented, making the once unthinkable a reality.
For global giant Schneider Electric, the mission is twofold: provide access to energy and digital solutions for everyone, everywhere, and do so responsibly and sustainably.
Episode two of our new “Pivot to the Future” podcast series with co-hosts Omar Abbosh, Accenture Chief Executive of Communications, Media & Technology and will.i.am, musician, philanthropist and technology investor feature an interview with Schneider Chairman and CEO Jean-Pascal Tricoire, who shares the story of Schneider’s digital transformation and its impact on the world.
The podcast is part of a Pivot to the Future series, highlighting how companies (and careers) are making a wise pivot from constant disruption to continuous reinvention.
Centuries of reinvention
Schneider Electric began nearly two centuries ago, in the pig iron and steel business. The company was at the forefront of a new industry and technology that was an essential driver of the Industrial Revolution.
To continue to grow and thrive, Schneider leaders have constantly challenged themselves to rethink the future, rewrite the rules of the game and re-access the possibilities. This requires bold ideas to compete against new businesses and other disruptors in the digital economy.
Rethinking the future means focusing on people first, according to Tricoire.
“One billion people don't even have access to electricity. And life without electricity, for those like me who have lived in emerging countries, can be really miserable. So, electricity and energy are your first access to progress and to a decent life,” he says.
The second part of the mission is the company’s responsibility for the planet, today and for generations to come.
“We at Schneider champion energy savings and carbon reduction. When you look at that, our traditional mission, what you call the old, has been to power everything where you live, where you can travel, power everything around you.”
“What we've been developing in the past 10 years in the vision to save energy and reduced carbon emission is the now business, and it has been to connect and digitize everything,” Tricoire says.
Through IoT-enabled EcoStruxure™ technologies, developed and built to solve customer problems, Schneider can ensure that Life Is On everywhere, for everyone, and at every moment. A Digital Services Factory collaboration with Accenture helps accelerate digital innovation and speed to market.
And through the implementation of a Digital Services Factory, Accenture has partnered with Schneider Electric to reduce the creation and launch time of new digital services by 80 percent. Working side by side with Schneider Electric, we co-created its Digital Services Factory (DSF) in 2016 to rapidly build and scale new digital offerings in areas such as predictive maintenance, asset monitoring and energy optimization,
From the simplest of switches to complex operational systems, the company’s technology, software and services improve the way customers manage and automate their energy use and operations.
“If we want to reconcile the deadlock of progress, energy and climate change in the coming 20 years, we have to do everything that we do today with an efficiency multiplier of three. That was absolutely unthinkable with the technologies of the past, but by inserting digital everywhere, we can prove—and we prove it every day at Schneider—that you can really increase your efficiency threefold,” Tricoire says.
The Pivot to the Future podcast series focuses on stories of visionary leaders who are transforming their companies—and entire industries—through bold bets on the future.
Hear more about Tricoire’s secrets for Schneider’s success and how people, customers and culture have been critical components of their transformation.
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