- EcoStruxure is an IoT-enabled, plug-and-play, open, interoperable architecture and platform
- Schneider says EcoStruxure can reduce CapEx by 20 percent and downtime by 15 percent
Schneider Electric has partnered with Microsoft to create commercial internet of things (IoT) solutions in the areas of energy management and automation.
The company’s newly launched EcoStruxure- an IoT-enabled architecture and platform – intends to drive efficiency and augment profitability in India’s rapidly evolving oil & gas sector.
Through this platform, Schneider Electric is hoping to address the challenges of market volatility in the oil and gas sector, while reducing CapEx and OpEx by up to 20-30 percent.
EcoStruxure promises growth in profitability
When power and process management systems operate as separate silos, industrial organisations soon find themselves at a competitive disadvantage, said Anil Chaudhry, Managing Director, Schneider Electric India.
He claimed that Schneider’s EcoStruxure Power & Process (EP&P) approach can result in better returns on capital employed, with a 20 percent reduction in CapEx, a 15 percent reduction in downtime, and 3 percent growth in profitability.
By leveraging EcoStruxure IoT-enabled system architecture and platform, customers can connect assets that are the center of their projects with assets that are at the center of their operations across the full lifecycle of their plants, including their supply chains.