Business Models Affected by Industry 4.0 and IoT/IIoT in Canada

Schneider Electric Canada is leveraging artificial intelligence (AI) to transform energy management across various end markets. To help buildings in Canada reach net zero, Schneider takes a multi-pronged approach to leverage AI to identify energy inefficiencies in homes and commercial and industrial institutions and monitor and adapt the technologies that are implemented in them to reduce emissions. “The building sector in Canada is quite diverse, and from a Schneider Electric standpoint, we look at all buildings. We look at residential buildings like single family homes or mixed-use dwellings, and we look at commercial, retail, institutional, and industrial facilities as well,” says Richard Henzie, Director of the Smart Building Division at Schneider Electric Canada. “If you look at some of the statistics globally, buildings in general account for up to 37% of carbon emissions,” he says. This is a significant contribution, but the good news is, there are lot of ways to reduce this number: decrease the amount of embodied carbon in new builds and minimize the operational emissions every building produces when they consume energy. Henzie says Schneider has solutions and strategies to help these different types of buildings better manage their operational emissions, with the added benefits of creating a more comfortable atmosphere in any building and saving money.