Using cloud-based solutions to regain control over its sensitive data and save costs
- Schneider Electric¹ provides integrated energy management solutions to the energy and infrastructure industries and other sectors. The company recorded revenues of €26.1 billion for the period ending TTM 6/15 and EBITDA of €3.9 billion (EBITDA Margin – 14.9%).
- Box is a cloud computing solution which provides file-sharing, collaboration, and other tools for working with files that are uploaded to Box’s servers. Box, headquartered in Los Altos, CA was founded in 2005. It is valued at $1.7 billion and sextupled its revenues to $260 million between 2012 and 2015.
- Box is an innovative solution developed by a large enterprise to meet the document sharing requirements of employees without compromising on centralized access or enterprise security standards.
- It provides a simple, user-friendly resolution to employees globally to share documents anytime, even using their preferred medium (mobile).
- Box’s commenting feature helps discussions emphasize only on the documents in focus, eliminating unnecessary deliberations.
- During Schneider’s 4,200-person pilot of Box in 67 countries, users were so satisfied that IT couldn’t contain deployment. Employees were inviting colleagues to join so quickly that Box took off without any push from IT – at a rate of roughly 1,000 users every 1.5 weeks.
- Schneider currently has roughly 67,000 users on Box and adoption continues to increase.
- 20 TB of Schneider’s data is currently stored on Box, none of which was previously accessible to the IT department.
- Thanks to Box, Schneider has been able to offload its on premise file servers, cutting costs by 30%.
- Schneider was able to find a solution that would address its users’ needs for external collaboration and mobile access, while giving IT centralized management and enterprise grade security. The IT department conducted an audit of cloud-based solutions, with key criteria including user-friendly UI, simple global document-sharing and universal mobile access. Box met all of these requirements.
- As the rollout continued, IT integrated Box with the corporate social networking app Tibbr to get feedback from employees.
Schneider Electric is one of more than 100 case studies identified as part of the World Economic Forum’s Digital Transformation of Industries initiative. An overview of the DTI program can be found here.
1. Source: Schneider Electric Corporate Information, box.com, WEF/Accenture Analysis