Cisco and Snam sign IIoT agreement

Cisco and Snam sign IIoT agreement

(PRESS RELEASE) ROMA, 8-May-2019 — /EuropaWire/ — Cisco and Snam will be joining forces to develop joint research, development and innovation initiatives in the Industrial Internet of Things (IIoT) sector and train future generations of digital professionals. In order to facilitate their partnership, the companies have signed a Memorandum of Understanding. At the agreement signing ceremony were present Marco Alverà, CEO of Snam, Chuck Robbins, CEO of Cisco Inc., Agostino Santoni, CEO of Cisco Italia and Cosma Panzacchi, Snam Digital Transformation & Technology Executive Vice President.

Withing the scope of the IIoT agreement is the creation of innovative Internet of Things technology solutions for infrastructure (Industrial Internet of Things for networks). The companies will also be providing, as part of their agreement, training for workers and students aimed at preparing them for the digital professions of the future. The training will include digital and general development courses aimed at both the professional world and schools, with a particular focus on topics such as data science, artificial intelligence and robotics.

Furthermore, the IIoT partnership between Cisco and Snam will potentially extend to include things like smart 4.0 sensors that will optimize the monitoring and maintenance of infrastructures, state-of-the-art Fog Computing technologies and new connectivity systems aimed at making energy networks more intelligent and efficient.

The benefits derived from the work of Cisco and Snam under their IIoT cooperation will also include positive impact for communities that will lead to the potential creation of new services related to the circular economy, environmental sustainability and safety.

Commenting on the IoT technologies agreement, Chuck Robbins, CEO of Cisco, said:

“Snam has a strong tradition of using technology to create a positive impact within the communities in which it operates. To support this commitment, Cisco is proud to work in partnership with Snam to enable its digital transformation, supporting the company in making its energy network increasingly sustainable, using cutting-edge technologies, IoT, 5G and artificial intelligence.”

And, Snam CEO, Marco Alverà commented:

“This agreement marks a further step forward for Snam’s digital transformation process. Our goal is to seize the opportunities offered by new technologies to drive the energy transition, making our network increasingly intelligent, through IoT systems, machine learning and the use of drones, satellites and sensors to optimize infrastructure monitoring and management. Innovation is one of the key pillars of the Snamtec project, in which we will invest 850 million euros by 2022 to build an energy company of the future which is more digital, sustainable and closer to local communities.”

Cisco (NASDAQ: CSCO) is the global technology leader that has been the Internet engine since 1984.

Established in 1941 Snam is Europe’s leading gas utility. Snam is active in Italy and, through subsidiaries, Albania (AGSCo), Austria (TAG and GCA), France (Teréga), Greece (DESFA) and the United Kingdom (Interconnector UK).

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