THE INTERNET OF THINGS- SCHNEIDER’S PERSPECTIVE
The Internet of Things (IoT) Have you ever imagined how much more profitable and reliable business would be if we could communicate with and control all the assets in real time? Asset optimization would be immediate and easy leading to improved efficiency and profitability. Well, the Internet of Things (IoT) actualizes that imagination. IoT is a vast network of smart devices that are connected to the internet and have the ability to collect and transfer data over the network in real time. IoT has experienced tremendous growth in the recent past. Schneider Electric’s pursuit of innovation has seen it contribute tremendously towards the growth IoT. Earlier this year, Schneider Electric launched the next generation EcoStruxure architecture and platform that delivers IoT solutions to data centers, the national grid, and buildings. In August, Peter Martin, the company’s vice president of business innovation, announced that they have launched a new concept dubbed “Profit Engine