Business Chief Europe Magazine April 2015 | Page 61

SCHNEIDER ELECTRIC
ENERGY this the department also tracks major trends within the industry and feeds them back into its R & D and innovation team . In 2014 alone , the business invested € 7.5 billion in research and tech development – a core focus of the business and one of its key differentiators . Schneider Electric is transitioning into a formidable technology company , with strategic focus on the Internet of Things ( IoT ), sustainability , and the knowledge economy through the convergence of information technology ( IT ) and operational technology ( OT ).
Research , development and innovation This year , Schneider Electric is focusing on a number of major industry trends including digitisation , automation , building management and control systems . By developing state-ofthe-art software solutions the company is able to extract value and combine all the data that exists for renewable and solar installations , thus driving efficiency for its commercial and residential clients . “ We are continually investing and innovating our tech solutions to drive more competition in the renewables , automation and energy sectors ,” explains Dewis . “ We are always reacting to customer needs and demands , while also looking to future demands and feeding that back to the huge R & D organisation that we have . We also keep a very close rein on our service organisation so we are continually changing , adapting and evaluating the types of services we offer . We constantly evaluate the type of people and resources we

€ 7.5m The amount invested in research & tech development

Research into renewables
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