Here's How You Remain Competitive: Optimization and Digitalization

NORTHAMPTON, MA / ACCESSWIRE / March 14, 2024 / Schneider Electric

Foto: Accesswire

Schneider Electric

In Germany, where I live, there is a greater sense of fear when it comes to what the future holds. The industrious country continues to narrowly dodge a recession. The effects of the economic decline during the pandemic year of 2020 and the slowed production in the energy supply sector, given Europe's past dependence on Russia for natural gas, have been felt here and in other parts of the world.

So, where energy comes from - how we generate it - is a very hot topic.

There also is this realization: if we want to ensure Germany and other countries remain industrious, then digitalization and optimizing automation processes are key.

Over the decades, the combination of efficient, software-centric automation and digitalization will result in true sustainability. Even small optimization steps in processes can enable companies to remain flexible - whatever economic shifts may occur.

Optimization and digitalization will empower businesses to make an impact, while remaining financially stable.

Digitalization makes you competitive

Such topics took center stage during the Schneider Electric-sponsored 86th NAMUR General Meeting last November.

For those unfamiliar, NAMUR is a place where process industries can come together for two days to share their pains with vendors and find solutions. It's a platform where collaboration is possible. End of the day, world progress is done through innovation and engineering. During the annual NAMUR meeting, more than 600 process engineers gathered with the intention of making the world a better place.

There was this consensus that optimization and digitalization can alleviate our energy fears. How are we going to do this? How will companies thrive? Remain competitive?

The answer, resoundingly, was by working together.

Open process automation allows companies to be multi-vendor. In turn, multi-vendor approaches, shaped around what you want to achieve - and not vice versa - enable co-innovation. Flexibility. The ability to accel and quickly adapt to market demands for continuous profitability.

It's a mental shift that takes years, and it begins with thought leaders peppering their organizations with agents of change. I know this is achievable because Schneider Electric has accomplished this very feat.

Beginning in the 2000s with former CEO Jean-Pascal Tricoire, Schneider gradually became a new company that embraced open concepts. People no longer know us as the company selling a push button or a tiny piece of hardware. We represent a software-centric ideal across standardized platforms. By mobilizing our ecosystem for a more climate positive world, we estimate our solutions will have saved and avoided 100 metric tons of CO2 emissions per year by 2025. Another example of our role as impact makers is our new Schneider Electric building in France which is 100% electric and energy autonomous.

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