Moscow, 27 June 2017 – PwC and the RAII have signed a partnership agreement to build and develop the Industrial Internet sector in Russia. PwC’s expertise and knowledge of international best practices will help the RAII and its members to boost efficiency at Russian enterprises through the application of Industrial Internet technologies. The partnership will also facilitate the sharing of experience in applying Industrial Internet technologies, create a single information platform for all market players, and implement relevant projects.
“It is a great honour for the RAII to join efforts in promoting smart technologies in Russia with one of the leading consulting and auditing firms in the world. We believe we will make a valuable contribution to PwC services for Russian clients seeking to design and implement digital strategies.”
“Based on our international expertise and successful track record of helping our clients adopt Industrial Internet technologies, together with RAII we are planning to organise a series of training events and expert discussions to raise awareness about existing technologies and develop solutions for more effective technology adoption.”
According to PwC data, the Industrial Internet will bring significant cost reductions and productivity improvements. Over the next five years, major global companies expect their investments in Industrial Internet technology to yield an 18% productivity boost, a 14% reduction in costs and a 2.9% annual growth rate. Internationally, Industrial Internet solutions are most widely used in urban infrastructure (smart cities), manufacturing, and consumer goods. In Germany, Industrial Internet of Things (IoT) technologies are a top priority, where it is expected they will increase productivity by 30%. In Russia, IoT solutions have primarily been applied in the power supply, transportation and logistics sectors.
“Industrial Internet technologies can have a multiplier effect on industrial sectors by increasing productivity, reducing costs, mitigating risks, increasing asset quality and boosting growth. According to our estimates, this effect will more than cover implementation costs and could be as high as tens of billions of US dollars from 2020 onwards.”
PwC Russia (www.pwc.ru) provides industry-focused assurance, advisory, tax and legal services. Over 2,500 people work in our offices in Moscow, St Petersburg, Ekaterinburg, Kazan, Novosibirsk, Rostov-on-Don, Krasnodar, Voronezh, Vladikavkaz and Ufa. We use our in-depth knowledge, wealth of experience and creative approach to problem-solving to develop fresh perspectives, sound advice and practical solutions that can open up new vistas for business.
According to the International Data Corporation, PwC is the leader among global Industrial Internet consulting and integration services (International Data Corporation, IDC MarketScape: Worldwide Internet of Things Consulting and Systems Integration Services 2016 Vendor Assessment, November 2016).
“PwC” refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. The PwC global network encompasses more than 223,000 people in 157 countries. For more details, please visit our website at www.pwc.ru/ru/about/structure.html.
©2017 PricewaterhouseCoopers. All rights reserved.
The Russian Association of Industrial Internet (RAII, www.iotunion.ru) was established in 2015 to promote dialogue among major Industrial Internet market players and to standardise and enhance the legal framework for Industrial Internet technologies. The RAII’s key objective is enabling the growth of a mature market for the Industrial Internet as an economic foundation for the industrial and service sectors in Russia. RAII members currently include Kaspersky Lab, Peter Service, Osteс Engineering, Rostelecom and Schneider Electric, while Rosseti, Megafon, Russian Space Systems, Signum and CPS Lab are in the process of joining. The RAII is currently negotiating agreements with major industry leaders, solution providers, and telecommunications operators. RAII partners include the China Institute of Electronics (CIE) and the Industrial Internet Consortium (IIC).