Why Schneider Electric Backs AI & Data to Power Net Zero

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Schneider Electric's Innovation Summit Paris 2024 explored how the world's most sustainable companies and partners can drive global innovation through data

sustainabilitymag.com/, Apr. 04, 2024 – 

Schneider Electric and its partners are urging major companies to harness the power of data to drive their sustainability and innovation efforts.

The theme of Schneider Electric's Innovation Summit Paris 2024 was Innovation Driving Impact, as Schneider CEO Peter Herweck explained.

He said: "Innovation is something that's never been done before. Impact is something we need to target megatrends, including climate change and the energy transition."

Schneider Electric is the global digital partner for sustainability and efficiency – as well as recently being named by Sustainability Magazine as the most sustainable company in the world.

Founded in the 19th century, the French energy management technology company has 150,000 global employees.

Sustainability Magazine has been at Schneider Electric's Innovation Summit Paris 2024, hearing from the executives behind the innovations.

Data – and AI – driving energy efficiency

Efficiency is essential to reducing energy usage and Schneider Electric and its partners believe that data is the key.

"Despite there being so much data available, the industry world uses very little," says Caspar Herzberg, CEO of AVEVA, a Schneider Electric partner. "The promise of AI can only be realised if we utilise data."

Schneider Electric is putting data analysis at the heart of its new technologies in an effort to give the visibility that customers need, combat labour shortages by reducing necessary manpower – and manage energy data for maximum efficiency from modern multi-use buildings up to grid level.

The company believes that AI can be used to remove barriers to sustainability for consumers – including adoption of sustainable technologies and charging an EV during off-peak grid hours.

"I don't see how we can go through the energy transition without AI," says Philippe Rambach, Schneider's Chief AI Officer.

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