Saturday, Apr 20 2024 | Time 10:18 Hrs(IST)
image
Business EconomyPosted at: Sep 18 2020 10:56PM


Schneider Electric brings AI-Assisted advising & implementation to accelerate corporate Clients’ Energy

Kolkata, Sep 18 (UNI) Schneider Electric, the leader in the digital transformation of energy management and automation, today 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, a company official here said.
The investment optimizes 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.
Continuing to add machine learning and data science to Schneider Electric’s decades long legacy in traditional energy and sustainability consulting enhances clients’ approach to how they source and procure energy and manage resources. This investment in technology will enable clients to benefit from improved predictive capabilities and enhanced insights.
The enhancements will more rapidly convert data into meaningful insights, better tailor recommendations to the needs of clients, and better support clients in reaching long-term environmental goals. Users will also be able to draw more confident conclusions that help reduce costs, manage risks, harvest opportunities, and build resilience into their sustainability strategy.
“We see tremendous opportunity to use the data and insights generated by organizations 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 Advisor solution.
Enabled capabilities include: More tailored data paired with more customized, expedited recommendations.
New enhancements to manage distributed energy resources (DERs), commodity hedges, and connected devices.
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.
Better real-time resilience and reliability of energy portfolios. Mobile-optimized views for always-on, anytime information access.
“This investment is the result of listening and responding to our client needs and capitalizing on cutting edge technologies. The result is an enhanced framework to help us address energy demand, resource efficiency, and procurement on a level playing field, in a unified way for our customers," closed Wilhite.
“It also frees our team to connect differently with our clients. By automating our data processes and animating our clients’ results with advanced visualizations, decision-making is augmented and accelerated. Our teams lead our clients to faster, more innovative, and more sustainable solutions in this age of climate urgency, with a healthier bottom-line as a byproduct, and that’s a win-win for everyone.”
UNI BM SJC GK 2255
Please log in to get detailed story.
Tags: #Schneider Electric brings AI-Assisted advising & implementation to accelerate corporate Clients’ Energy
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image