Schneider Electric Opening Up to External Innovation Antonio Davila
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Schneider Electric, a major player in the industrial automation and energy management market, has begun its journey of open innovation. Schneider, founded by Louis Poullard in 1962, has grown to become a global company with over 350,000 employees and a market cap of 15 billion US dollars. The company has grown steadily since its inception, and has built up its share of the industrial market with an innovative strategy. As a pioneer in the industrial automation space, Schneider Electric has built up a
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As I’ve been following up with the latest developments on Schneider Electric Opening Up to External Innovation Antonio Davila, and was wondering if you could summarize the main points for my review. In essence, the case study is about the rise of innovation as a new buzzword for the energy industry, and how Schneider Electric has embraced the concept, with a focus on external partnerships and R&D to stay ahead of the game. But first, let me explain a little bit about how Schneider Electric’s culture
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I was impressed by Schneider Electric’s focus on innovation during my visit last month. The company is taking external partners to bring new ideas and technologies into its energy management portfolio and expand its offerings. Schneider has a broad-based approach, collaborating with a range of innovators. These include tech companies, start-ups, universities, research institutions and governments. To take this approach, the company established an internal innovation team of 140 members, including engineers, designers and marketers, and a
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In recent years, the innovation landscape of Schneider Electric has been transformed. In the past, the company used internal development efforts for its R&D activities; however, in the new era, innovation efforts have become externalized as well. In this essay, I will describe the company’s evolution from a homogeneous internal R&D to an agile innovation approach. In this paper, I will also share my personal experiences, challenges and insights gained as an external innovator at Schneider Electric. Schneider Electric was established in 1836
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I am an engineering graduate from Stanford University with 10 years of professional experience at Schneider Electric. Learn More Here Schneider Electric is a global leader in energy management and automation. We are the world’s top expert on energy efficiency, sustainability, and automation. Over the years, they have been recognized with multiple awards for their technologies and innovations. Schneider Electric’s business model is a combination of service and products. They offer a wide range of products, including HVAC, lighting, and power systems. However, the service is
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A company that is not focused on external innovation may fall behind its competitors. Schneider Electric is not only investing in new technology but also releasing the new energy management platform. Here’s why it’s important: 1. Competitors Innovate Faster than You Do Siemens recently announced its “Future Factory” project. The “Future Factory” is a platform for connecting machines, production processes, and supply chain. This project involves not just technology development but also business transformation and digitalization. According to a recent article