Schneider Electric joins IIC steering committee
22 September 2015
Schneider Electric has been elected to the steering committee of the Industrial Internet Consortium (IIC), giving the company a more central role alongside companies such as AT&T, Cisco, General Electric, IBM and Intel in developing recommendations for industry specifications and frameworks for industrial IoT technologies.
The IoT-enabled market is set to grow to $10 trillion annually by 2025, according to McKinsey, through its ability to enable higher levels of collaboration, changing the way that goods are produced and influencing work systems.
John Tuccillo, senior vice president, industry and government affairs, will represent Schneider Electric on the Industrial Internet Consortium steering committee. The Industrial Internet Consortium's executive director, Dr. Richard Soley, said: “The next wave of transformation in manufacturing and plants is coming from how connectivity can yield even more intelligence. This is where innovation from companies like Schneider Electric and our other members come into play. Like our other members, Schneider Electric’s innovation in the fields of energy and process efficiency and its range of connected products and solutions will help fuel IoT to the next level – where lives, processes and whole supply chains will see significant transformation.”
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