Schneider Electric and SAP announced they have signed a memorandum of understanding (MOU) to collaborate on IT/OT integration applications. Schneider Electric and SAP plan to explore opportunities to enhance industry innovation and digital transformation, drive open standards, and foster close integration of IT and OT technology to benefit industrial customers. The companies intend to validate scenarios with their complementary offerings to help provide easy and seamless integration for joint industrial customers.

The companies also plan to address future collaboration in the areas of sustainability and energy management. The companies plan to explore opportunities to deliver value to customers through preconfigured and tested end-to-end solutions to lower cost of implementation and operation of mission-critical business processes. The first scenarios will be: Simplified shopfloor OT/IT integration based on common standards, onboarding, and lifecycle management of assets as digital twins.

End-to-end closed-loop, intelligent asset and field service management using virtual and augmented reality technologies.