As per the MoU, the two companies will collectively work to develop innovative Internet of Things (IoT) technology solutions for infrastructure network
Technology giant Cisco announced that it has inked a memorandum of understanding (MoU) with Italian natural gas infrastructure company – Snam, to collaborate on innovation, research and development in the field of industrial internet of things (IIoT).
In addition, as per the agreement, the two companies can explore new connectivity systems with the purpose to ensure that the energy networks are more effective and intelligent.
As per the MoU, the two companies will collectively work to develop innovative Internet of Things (IoT) technology solutions for infrastructure network. In addition, they will impart training to workers and students in order to make them prepare for ‘digital’ professions of future.
The two companies will potentially collaborate to create smart 4.0 sensors that will optimise the maintenance and monitoring of infrastructures, new connectivity systems and advanced fog computing technologies aimed at making energy networks more efficient and intelligent. This will help in creating positive impact for communities, enabling potential creation of new services with regards to circular economy, environmental sustainability and safety.
On training part, both companies will promote general and digital development courses aimed at professional world as well as schools, with a major focus on areas such as artificial intelligence (AI), data science and robotics.
Enabling digital transformation
Commenting on the development, Chuck Robbins, CEO, Cisco, said, “Snam has a strong tradition of using technology to create a positive impact within the communities in which it operates. To support this commitment, Cisco is proud to work in partnership with Snam to enable its digital transformation, supporting the company in making its energy network increasingly sustainable, using cutting-edge technologies, IoT, 5G and AI.”
Marco Alvera, CEO, Snam, commented, “This agreement marks a further step forward for Snam’s digital transformation process. Our goal is to seize the opportunities offered by new technologies to drive the energy transition, making our network increasingly intelligent, through IoT systems, machine learning (ML) and the use of drones, satellites and sensors to optimise infrastructure monitoring and management.”