In July 2017, a global community of 300 visionaries — business and IT executives, public-sector leaders, and academics — convened at MIT in Cambridge, MA, for the 2017 Platform Strategy Summit. Hosted by the MIT Initiative on the Digital Economy (IDE), the conference focused on the implications of platform-centered economics and management.
Schneider Electric is a digital transformation leader for energy management and automation. Cloud, pervasive sensing, analytics, machine learning, deep learning, artificial intelligence, and end-to-end security are all combined in our digital strategy.
Connecting products and making them smarter is the top priority. The next step is about building services and digital business models. Digital transformation is about more than enabling intelligence on top of individual products; it is also about creating new offerings, new business models, and new ways of thinking about outcomes and system optimization. Additionally, we place emphasis on transforming customer engagement and bringing domain expertise to the customer that can be mission-critical to them.
EcoStruxure™, Schneider Electric’s open, interoperable, IoT-enabled system architecture and platform, is the unifying experience among our lines of business and services. It is one technology stack and a set of core technologies that we apply to many different segments, drawing on our six domains of deep expertise. EcoStruxure helps customers get from the lowest to the highest level of connectivity value.
Our second core belief is closing the loop. What does this mean? It means turning data into business-centric insights and action. You may have tons of IoT devices generating signals, but they are useless unless you can channel the data to the right person. We believe that integrating the Internet of Things, event management, analytics, and your back-end system is critical for closing the loop on data.
5 LESSONS FROM OPERATING AN END-TO-END DIGITAL ARCHITECTURE
• Maintain balance between shared components and the agility that comes with domain-specific expertise
• Architect at scale for data collection and aggregation
• Build a holistic information architecture from design/build to operate/maintain stages
• Design experiences that integrate both asset and customer identity
• Think both cloud and edge security, end-to-end