New Delhi, Sep 11: Digital transformation of energy management and automation provider Schneider Electric on Wednesday announced the launch of EcoStruxure Power & Process (EP&P) to drive efficiency and augment profitability in Oil, Gas & Petrochemical sector.
"The company has partnered with Microsoft to create commercial internet of things (IoT) solutions in the areas of energy management and automation, thus bringing power and process systems together," a statement here said.
Through this platform, Schneider Electric aims to address the challenges of market volatility in the O&G sector, while reducing CapEx and OpEx by 20-30 per cent.
Schneider Electric India Zone President & Managing Director Anil Chaudhry in a statement said, “The Indian hydrocarbon sector is at the cusp of major transformation as companies across the value chain step up their efforts to boost India’s self-sufficiency in oil and gas, expand refining capacities, and set up pipeline infrastructure for transportation across the country. Through our partnership with Microsoft we aim to deliver real/tangible solutions and measurable business results for oil and gas players, improve efficiency, bring down the cost of running operations and raise profitability.”
Microsoft India COO Meetul Patel said, “Operations in the Oil & Gas industry are highly dispersed, making the efficient management of assets extremely challenging. Microsoft’s Azure platform provides Schneider Electric with advanced cloud and edge computing technologies to establish an intelligent network of IoT devices that can provide insights, drive innovative new solutions, and improve returns from investments.” (UNI)