Which sectors have marked Schneider Electric's presence in Ecuador?
Schneider Electric provides digital solutions for efficiency and sustainability in various sectors. In doing so, we combine world-leading energy technologies, real-time automation, software, and services into integrated solutions for homes, buildings, data centers, infrastructure, and industries. We have been working in Ecuador for more than 25 years, where the energy industry has been one of our main businesses, ranging from oil and industry to utilities. Nowadays, we are seeing more opportunities in boosting digitization and the development of the circular economy, but most of our gains have been in energy distribution due to Ecuador's increasing emphasis on alternative sources. This new segment is not new to Schneider Electric, since the company has extensive experience and knowledge in these fields in other countries. Regardless of the source, the company is driving processes more efficiently, reliably, and securely. On the other hand, the mining segment has the potential to become an important revenue generator. Schneider has an expert team in the Andean region dedicated to mining that has started working in Ecuador in order to boost digital technologies that optimize these processes. Our company is also supporting the digitalization of prominent industries in Ecuador, contributing to the development of new technologies such as IoT, and boosting the digital economy of companies across Ecuador and the Andean. In fact, 5% of the company's revenue at the global level is invested in research and development to deliver new digital and connected technologies to our customers. Paired with our international presence, this translates into a great ability to bring new solutions, tools, and initiatives to help grow businesses in local economies.
To what extent can international companies transfer skills and knowledge to the country?
Schneider Electric is a multinational company, which represents a great advantage, since we transfer our knowledge from country to country. We are very impressed with Ecuadorian talent. Our entire organization in the country is well trained, which increases knowledge transfers on a daily basis.