In the run up to its forthcoming Innovation Summit MEA, Schneider Electric has identified digital transformation as a key trend for the region’s tech sector, as businesses and enterprises look to emerge from the pandemic as more agile and nimble players.
According to a press release from the company, emerging nations have even more to gain from digital transformations. In 2018, research firm IDC predicted that by 2021 60 percent of emerging markets’ GDP would be based on digital products or services created from digital transformations. In the same year, professional services firm PwC estimated that the Middle East would stand to gain significantly from Artificial Intelligence, resulting in an increase of $320 billion to the region’s economy. The result will be the addition of hundreds of thousands of jobs in the country.
“The pandemic is transforming every business, and this year is a reminder of why agility, efficiency, and resiliency matter so much,” said Ahmed Fateen, Power Systems vice president, Schneider Electric Gulf.
“Organisations are looking to save costs whilst working towards becoming more responsive to customer needs. The one solution we have found to both is digitisation. This isn’t new to our customers. Digital transformation has been a part of the business landscape for decades. Those organisations who have been digital pioneers have had a substantial edge over the competition. Covid 19 has accelerated digital, and every organisation that has invested in this transformation is now benefiting from increased resiliency, efficiency, and sustainability whilst also being able to operate remotely.”
A recently compiled study from Schneider Electric outlined four key factors to ensure business continuity during these unprecedented times:
Remote everything – Enabling off-site operations
The ability to operate remotely is an outcome of digital transformation. Remote connection and monitoring provide organisations with the ability to continue operations whilst prioritising employee safety. One example of this is Abu Dhabi National Oil Company (ADNOC), which used remote access to enter the company’s Panorama digital command center during lockdown. ADNOC employees could access real-time operational information, allowing them the ability to optimise production whilst abiding with health and safety requirements.
Ensuring resiliency in a crisis
Remote capabilities allow for constant monitoring, and this provides the platform for the implementation of automation and analytics that will resolve issues without human intervention. The work being undertaken to digitise Egypt’s electricity grid will allow the network to self-heal; energy demands can be managed remotely in real-time, ensuring business continuity during any situation.
Increased efficiency, reduced costs
Efficiency has always been critical for industry. And this has never been truer than during the pandemic. Organisations are always looking to reduce costs, speed-up response times, and improve efficiencies. South Africa’s RCL Foods, a producer of private label food products, implemented a modern and reliable automated control system with remote access capabilities. The result has been greater visibility into the plant’s operations, reduced downtime, and a 20 per cent increase in throughput.
Sustainability through optimised operations
The journey to sustainability starts with digitisation. By measuring, organisations can begin to optimise for efficiency and benchmark against global best practices. This begins a virtuous cycle of resource reduction and efficiency gains. North Africa’s largest data center provider, Tunisia-based Dataxion, has reduced its energy needs by 35 per cent, increased its asset availability by 20 per cent, and lowered operational costs by 20 per cent over the past four years since opening in 2016. The result is a more sustainable, digitally-enabled organisation.
Schneider Electric will be showcasing more examples of how organisations can ensure their business continuity through successful digital transformations at the Innovation Summit MEA, which will take place online on the 28th of October.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management - Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
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