Energy management and automation company, Schneider Electric, has inked a multi-year collaboration with the Hong Kong University of Science and Technology-Massachusetts Institute of Technology (HKUST-MIT) Research Alliance Consortium.
Schneider Electric joins Intel, Texas Instruments and others as sponsors of HKUST-MIT Research Alliance Consortium.
The HKUST-MIT Research Alliance Consortium is a key supporter of research for IoT technologies for intelligent buildings and transportation. Through this alliance, Schneider Electric aims to advance its IoT solutions and adoption.
The goal of this global research is to resolve challenging problems in engineering domains, such as circuits and devices, signal processing, communications and control as well as advanced data analytics, with a focus on enabling IoT technologies to better build infrastructure and enhance transportation connectivity.
Schneider Electric EcoBuilding division chief technology officer, Barry Cloflan, said IoT technologies are fundamental to the company’s focus in market segments such as water, oil and gas, datacentres, mining, utilities, healthcare, food and beverage and smart cities, as a way to further maximise efficiency and sustainability for customers.
“Through collaborations like the work with HKUST-MIT Research Alliance Consortium, Schneider Electric is focused on developing new technologies and services that will drive intelligence, efficiency and connectivity to help customers meet these new and emerging challenges.
“Our work with the HKUST-MIT Research Alliance Consortium is an important part of our strategy to bring operational intelligence to IoT to help transform the world. Collaboration across industry, academia, research and government will be critical to accelerating the impact that IoT can have on a wide range of industries, and on our global society,” he said.
HKUST associate vice-president of knowledge transfer, Enboa Wu, said it is delighted to collaborate with Schneider Electric in helping advance IoT solutions and adoption and that the research will mainly focus on applying IoT to current architectures and technologies.
“Our goal is to deliver creative solutions to help address problems in building management and transportation, and eventually develop practical applications for the industry,” Wu added.
In addition to the collaboration with the HKUST-MIT Research Alliance Consortium, Schneider Electric has also revealed a new global strategy fuelled by the company’s Operational Intelligence approach to IoT, named Life is On.