- Up to 60 percent of GDP in emerging markets will be based on digital products and services
- Remote everything, Resiliency, Efficiency, and Sustainability are the key elements that will ensure business continuity through any crisis
Dubai, UAE, 26 October 2020: Digital transformation has the capacity to accelerate global, regional and national economic growth, promote job creation, and lead to the creation of new industries and technologies that will promote efficiency, agility and sustainability, according to research undertaken by Schneider Electric. The findings of Schneider Electric’s Global Digital Transformation Benefits Report, which were validated by Schneider Electric’s customers in the Middle East and Africa throughout 2020, highlighted that there are four universal results of any successful digital transformation: remote capabilities; resiliency; efficiency, and sustainability. These four elements are providing digitally-focused companies with a base for growth, even during times of crisis.
Speaking in the run up to the company’s annual Innovation Summit Middle East and Africa, which is to be held on the 28th October, Schneider Electric executives underlined how technology has given organizations the tools to become more resilient, efficient and capable whilst operating remotely.
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 US$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. “Organizations are looking to save costs whilst working towards becoming more responsive to customer needs. The one solution we have found to both is digitization. This isn’t new to our customers. Digital transformation has been a part of the business landscape for decades. Those organizations who have been digital pioneers have had a substantial edge over the competition. COVID-19 has accelerated digital, and every organization that has invested in this transformation is now benefiting from increased resiliency, efficiency, and sustainability whilst also being able to operate remotely.”
Building on research released last year from a repository of 230 customer projects Schneider Electric completed in the last five years across 41 countries, the company interviewed customers across the Middle East and Africa on the potential for digital transformations to improve organizational performance. The research culminates in four key factors to ensure business continuity during unprecedented times:
- Remote Everything – Enabling Off-Site Operations
The ability to operate remotely is an outcome of digital transformation. Remote connection and monitoring provide organizations with the ability to continue operations whilst prioritizing 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 optimize 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 digitize 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. Organizations 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% increase in throughput.
- Sustainability through Optimized Operations
The journey to sustainability starts with digitization. By measuring, organizations can begin to optimize 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%, increased its asset availability by 20%, and lowered operational costs by 20% over the past four years since opening in 2016. The result is a more sustainable, digitally-enabled organization.
Schneider Electric will be showcasing more examples of how organizations can ensure their business continuity through successful digital transformations at the Innovation Summit MEA, which will take place online on the 28th of October. Prior registration is required.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.