Power List 2020 – Eaton

Innovation is a means of growth and prosperity for companies and nations struggling to overcome sluggish economies and achieve competitive advantage. Eaton views innovation as a business necessity to meet the needs of customers and address the world’s energy requirements. It has employees who create an environment that encourages risk-taking, and challenge assumptions.

A factor taken into consideration is identifying changing customer needs. Though one can focus on delivering more value to customers than the competition, but what if your customers’ value changes. Continuous mapping of their expectations, monitoring regular customer feedback is important for any business. Innovation is not easy. It challenges the status quo, attempts to identify future trends and sometimes involves higherrisk investments. But the team is committed to create ways to provide customers with safe, reliable, efficient and sustainable power management solutions. When looking at large scale innovation today, in the age of big data and IoT, digital connectivity exists across the manufacturing floor, electric grid, buildings, healthcare, transportation and in the home. Eaton is innovating intelligent power solutions that collect data, learn and provide actionable insights to optimise power use and continuity. It believes that the world improves with intelligent power management and they are embracing IoT to rethink innovation. It’s taking Industry 4.0 head-on by investing in its people and technologies to bring to market the digital innovations that positively impact products, processes and bottom line.