What Schneider Electric Brings to the Industrial Internet
November 09, 2015 /
In late September, Schneider Electric announced a new strategy focused on the challenges of urbanization, digitization and industrialization called Life Is On. For Schneider, those three words blend the Industrial Internet business and the shop floor with the Internet of Things of everyday life and, according the company, relies “on optimization of automation and control, advanced remote management and predictive maintained to drive informed decision making.”
Laurent Vernerey, the company's executive vice president of North American operations, recently talked with IndustryWeek about Life Is On, the company’s Industrial Internet plans moving forward (including its Industrial Internet Consortium work with AT&T, Cisco, GE, IBM and Intel) and some of his favorite technologies around the Internet of Things, which is still projected to grow to $10 trillion within the next decade.