Proving the Business Case for the Internet of Things

Schneider exchange brings together IoT expertise

Steve Rogerson
April 4, 2019
Schneider Electric has introduced a digital ecosystem to drive worldwide economies of scale for the IoT. Launched this week at Hannover Messe, the Schneider Electric Exchange brings together experts and innovators from across industry, software and start-ups to solve sustainability and efficiency business problems.
The exchange can empower a diverse community of solvers to create and scale business services and seize market value. As digitisation changes the way people work and interact, energy fundamentally becomes more distributed. With the exchange, individuals can gain entry to a vast network of technical tools and resources to develop, share and sell digital and IoT innovations.
"What differentiates Schneider Electric Exchange is that it brings together people across industries and practice areas that share a passion for sustainability and efficiency, enabling collaboration and interaction across ecosystems," said Hervé Coureil, chief digital officer at Schneider Electric. “While all content, IoT applications, software, datasets, analytics and tools are available to everyone, we have focused on specific capabilities that fit the needs and expectations of each community.
"Digitisation continues to revolutionise the way we work and behave," said Cyril Perducat, executive vice president at Schneider Electric. “The world can no longer work in independent silos; the need for better integration and collaboration has unearthed new opportunities and solutions. Schneider Electric Exchange brings together a diverse ecosystem of digital innovators and experts, enabling the co-creation of solutions and enriching learning and speed through collective intelligence. Together this digital ecosystem creates, collaborates and scales business growth.”
With Schneider Electric Exchange, users can:

  • Reach a larger customer base in otherwise hard-to-reach new markets;
  • Gain access to a library of resources such as APIs, analytics and data sets to improve digital offers;
  • Leverage digital tools and expertise to scale services and speed up time to market; and
  • Collaborate through a cloud-based platform to share insights and designs, and effectively manage and complete projects.
The minimum viable product was first released in private beta mode in April 2018, then opened to a broader customer base in November. The platform is poised for growth and already has a footprint in Europe (35%), APAC (35%) and the Americas (20%).
The exchange draws on the company's ecosystem of digital partners to accelerate and scale innovation, and provide companies with the tools needed to operationalise AI for real-world problems. Accenture, a management consulting and professional services firm, brings the ability to create customised offerings and develop digital business models. Another partner, Claroty, a security specialist for operational technology infrastructure, offers industrial cyber-security expertise, working with companies to address the larger digital risk surface that comes with integrating IoT products.
Schneider is using published datasets and SaaS from the exchange partner Senseye, a technology company in predictive maintenance, in its Le Vaudreuil smart factory manufacturing plant. Likewise, Schneider is co-innovating a digital service offer for the retail chain market in Italy with Predictive Layer, which specialises in energy forecasting.
"Schneider Electric Exchange enables our predictive analytics services to reach more international enterprises and utilities," said Olivier Cognet, CEO of Predictive Layer, a Switzerland-based company that converges machine learning and artificial intelligence to provide predictive analytics and forecasting applications.
The exchange includes EcoStruxure, which provides access to the company's open, interoperable, IoT-enabled system architecture and ecosystem of experts. EcoStruxure is deployed in almost 500,000 sites with the support of more than 20,000 developers, 650,000 services providers and partners, and 3000 utilities; it connects over two million assets under management.
"Schneider Electric Exchange helps us reach clients that we are ordinarily not able to reach," said Philippe Mack, CEO and founder of Peptite.