Business

Nigerian Firm unveils smart software for power management, anti-power surge, fire

367

As part of efforts to save cost, Schneider Electric has unveiled a range of smart software that will automate power monitoring, protect electrical installations from overheating and prevent power surges and fire.

Schneider Electric (SE) and other companies deliberated on the various innovative strategies they had already deployed and proven in improving operational efficiencies at the IDC CIO Summit 2019 concluded in Lagos on Friday.

The theme of the summit was “Strategies for an Era of Multiplied Innovation and Automation.” It focused on the increasing use of data for competitive advantage.

SE demonstrated the importance of digitized power monitoring in commercial and industrial buildings to enhance energy efficiency and power reliability.

Ifeanyi Odoh, Head Business Development and Offer Marketing for Anglophone West Africa at Schneider Electric, highlighted at the summit how the smart software can help to detect the health status of electrical installations.

“A good understanding of the issues with your equipment and installations will help you to avert major electrical hazards via early prevention,” he said.

Odoh said firms could protect their equipment better and also resolve issues around power quality by leveraging on the benefits of Schneider Electric EcoStruxure architecture.

On inadequate power infrastructure and frequent blackouts across the country,  SE  made a presentation on digitizing power management to drive energy efficiency, highlighting the variables to ensure the safety of consumers and the lifespan of electrical equipment.

Other speakers and panellists also made presentations on how to leverage information, harness emerging ICT solutions and facilitate organization-wide innovation with the ultimate aim of making enterprises more efficient and productive.

They stressed the need for a sound working knowledge of the latest technologies with the advent of artificial intelligence, blockchain, cloud technology, and robotics.

By year 2022 and beyond, the world including Nigeria will witness a large-scale automation with ubiquitous AI and robotics, the emergence of digital twins on a massive scale, and exponential change in the competitive landscape.

The era will also witness a new “IT world order”, built around changing technologies, new offerings, evolving business models, and emerging digital transformation.

Leave a comment

Related Articles

Just in: Inflation rises to 24.23% in March 2025

Nigeria’s headline inflation rate has increased to 24.23% in March 2025, up...

Transcorp’s Market Value Surges to N4.5trn – Tony Elumelu

Transcorp Group, a leading conglomerate in Nigeria, says its listed entities now...

Nigeria Achieves $6.83bln Balance of Payments Surplus in 2024

Nigeria’s economy has seen a significant turnaround, with the Central Bank of...

Tony Elumelu Named to IMF’s Advisory Council on Entrepreneurship, Growth

Founder and Group Chair of Heirs Holdings, Tony O. Elumelu, CFR, has...

2024 financials: UBA gross earnings grow from N2.08trn in 2023 to N3.19trn, grows profit to N804bln

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its...

Access Bank to Honour Power of 100 Awardees at International Women’s Day Conference

Access Bank, a leading financial institution committed to fostering gender equality and...

Air Peace Unveils Unbeatable Offer: N600,000 Discount on London-Lagos Airfare

Air Peace has unveiled an exciting offer for travelers connecting from various...

Tony Elumelu Foundation to Unveil 2025 Class of Emerging Entrepreneurs for TEF Programme

…Tony Elumelu Entrepreneurs have collectively created 1.5 million jobs and generated $4.2...

CBN Raises Alarm Over Illicit Naira Transactions, Urges Strict Measures

The Central Bank of Nigeria (CBN) has expressed concerns over the growing...

Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market

The Nigerian currency, the Naira, has continued its downward trend, depreciating further...

Lagos State Solidifies Position as Africa’s Economic Powerhouse with $259bln GDP

Lagos State has reaffirmed its status as one of Africa’s leading economic...

Nigeria’s First Lady Commends Economic Team as Country Prepares to Host AFREXIMBANK Annual Meeting

Nigeria’s First Lady, Sen. Oluremi Tinubu, has praised the Minister of Finance...

Transcorp Group Achieves Remarkable Growth in 2024, Posts 107% Revenue Surge, 132% Profit-Before-Tax Increase

Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate has...

Naira Weakens to N1,550 Against Dollar Amid Increased Demand

The Nigerian naira has taken a hit, weakening to N1,550 against the...

Trump Establishes “Strategic Bitcoin Reserve” Via Executive Order

US President Donald Trump on Thursday signed an executive order establishing a...

CBN appoints 16 directors to strengthen its operations

The Central Bank of Nigeria (CBN) has taken a significant step to...

FirstBank holds groundbreaking ceremony for new state-of-the-art eco-friendly headquarters in Lagos

FirstBank, the premier bank in West Africa and a leading financial inclusion...

Tinubu Vows to Adopt Worldwide Best Practices to Revitalize Nigeria’s Economy

President Bola Tinubu has reiterated his administration’s commitment to learning from other...

FirstHoldCo: Reinforcing ESG, sustainability initiatives as it rebrands

By A.Ezekiel In a world where approximately 20% of new businesses fail...

Nigeria’s Net Domestic Credit Declines to N99.41trb in January 2025 – CBN

Nigeria’s net domestic credit has witnessed a significant decline, dropping to N99.41...