Schneider Electric brings AI to accelerate energy and sustainability programs
Published on : Thursday 24-09-2020
Multi-million-dollar investment into AI and machine learning technology drives next-generation digitally-enabled services.
September 2020 – Schneider Electric, the leader in the digital transformation of energy management and automation, recently announced the impact of a new multi-million dollar investment in machine learning tools and data science. This investment brings AI-assisted advising to its energy and sustainability services offer, giving its clients access to next generation digital tools. This improves the insights and analysis of a company's energy and sustainability portfolio, driving more efficient value and bottom-line impact in pursuit of climate change resilience and other resource-reduction related targets.
The investment optimises corporate resource consumption and reduction data during the dramatic worldwide energy and climate transition. Most companies today still face data challenges that limit their sustainability approach. Companies struggle with inconsistent, incomplete, overabundant, and poor-quality resource consumption and cost data. The introduction of AI allows companies to get more value out of the data they produce and provides more accurate and efficient analysis as the foundation of an energy and sustainability strategy.
“We see tremendous opportunity to use the data and insights generated by organisations today to drive more than just operational benefits. This data, combined with the expertise of our global team, can significantly enhance how companies approach sustainability,” said Steve Wilhite, Senior Vice President, Schneider Electric. “A mind-plus-machine approach has already proven itself for applications in financial advising and traditional business consulting. We've found that collaborative intelligence produced by this newest class of technology, in conjunction with our world-class consultants, helps our clients create a sustainability-based competitive advantage.”
The company's investment in next generation services leads to new opportunities for clients across industries, while simultaneously augmenting existing offers, like the company's best-in-class EcoStruxure Resource AdvisorÔ solution. Enabled capabilities include:
1- More tailored data paired with more customised, expedited recommendations
2- New enhancements to manage distributed energy resources (DERs), commodity hedges, and connected devices
3- Enhanced data collection processes, including Robotic Process Automation, that allow for the spotting of errors and detection of new savings opportunities more quickly and thoroughly than before
4- Better real-time resilience and reliability of energy portfolios, and
5- Mobile-optimised views for always-on, anytime information access.