Power List 2020 – Schneider Electric

Schneider Electric is a technology driven company and innovation is at the core of our company’s DNA.

Innovation enables differentiation and we at Schneider Electric have built a complete eco-system of university research groups, start-ups, partners and
customers. This approach has helped us imbibe agility in various aspects of our businesses.

I believe that with technology disrupting traditional business processes, it is imperative to create a holistic network of internal and external stakeholders to
ensure faster and smoother customer experience as all skills can not be built and sustained internally.

In outcome based market place, there is a constant need to co-create with customers, which enables continuous feedback. The other option is to try multiple experiments, fail fast and learn from the mistakes. This process is a continuous learning experience. Additionally, it enables continuous market testing and
flexibility to choose the right approach and succeed in business. Speaking about the innovations that we brought last year – Schneider Electric introduced various products in the  marketplace in 2019.

I am glad to share that they have turned out to be beneficial for us given their unique differentiation vis-à-vis competition. Some of the examples of
these include our new India specific wiring devices range and our products in home automation segments. They have been extremely successful
in the market, advantageous for customers and beneficial for us too.