Prith Banerjee

Prith Banerjee

Prith Banerjee is Executive Vice President, Chief Technology Officer and member of the Executive Committee of Schneider Electric, reporting to the Chairman and CEO. In this role he is responsible for driving innovation and technology differentiation, and coordinating the R&D activities of the company across its five businesses with 11,000 R&D personnel, and a 1.2 billion Euro R&D investment. Previously, he was Managing Director of Global Technology Research and Development at Accenture. Formerly, he was Chief Technology Officer and Executive Vice President of ABB, a power and automation company in Zurich, Switzerland. Earlier, he was Senior Vice President of Research at HP and Director of HP Labs. Formerly, he was Dean of the College of Engineering at the University of Illinois at Chicago. Formerly, he was the Walter P. Murphy Professor and Chairman of Electrical and Computer Engineering at Northwestern University. Prior to that, he was Professor of Electrical and Computer Engineering at the University of Illinois at Urbana-Champaign. In 2000, he founded AccelChip, a developer of products for electronic design automation, which was sold to Xilinx Inc. in 2006. During 2005-2011, he was Founder, Chairman and Chief Scientist of BINACHIP Inc., a developer of products in electronic design automation. His research interests are in electronic design automation, and parallel computing, and he is the author of about 350 research papers in journals and conferences. He has also supervised 37 Ph.D. students. He currently serves on the Board of Directors of Cray, the Technical Advisory Board of Cypress, and the Steering Committee of the Industrial Internet Consortium. In the past, he has served on board for the Anita Borg Institute, the Computer Science Board of the National Academy of Engineering, and the Technical Advisory Boards of Ambit, Atrenta and Calypto. He was listed in the FastCompany list of 100 top business leaders in 2009 and the Most Creative People in Business (MCP1000) in 2014. He is a Fellow of the AAAS, ACM and IEEE, and a recipient of the 1996 ASEE Terman Award and the 1987 NSF Presidential Young Investigator Award. He received a B.Tech. (President's Gold Medalist) in electronics engineering from the Indian Institute of Technology, Kharagpur, and an M.S. and Ph.D. in electrical engineering from the University of Illinois, Urbana.

The Innovation Game in Which Industry Scores Big: Part 2

Part 2: The wonder of Industrial Internet of Things (IIOT) Last week, I mentioned that Schneider Electric’s open innovation playing field is not unlike soccer – a sport I loved… Read more »

Leave a comment

The Innovation Game in Which Industry Scores Big: Part 1

Part 1: Broadening the playing field I love innovation. Like most of my engineering peers, I discovered the joy of technology as a child who developed a passion for electronics… Read more »

Leave a comment

The Amazing Story of 30 Billion Things

Envision this: about 30 billion things will be connected to the Internet in just a few years (IHS, March 2016). The information superhighway or web of yesteryear has fast become… Read more »

Leave a comment

Driving Innovation at Every Level with IoT

In my previous blog post, I discussed the four pillars of opportunity for IoT and the potential that IoT has for creating greater value over time through ongoing innovation. Three… Read more »

Leave a comment

IoT: The Four Pillars of Opportunity

Recently I had the opportunity to present at 2016 IoT Solutions World Congress in Barcelona. During my keynote presentation “Leading in IoT with Innovation at Every Level” I discussed how the… Read more »

Leave a comment

The Future of IoT: Our 5 Predictions

In my previous blog post, I discussed how IoT describes a world in which more and more devices are sensor-enabled, connected, and able to share information about their current state… Read more »

1 Comment

A New Era of Meaningful Opportunities: The Future of IoT

In my recent blog post I explored the concept how to innovate with efficiency and agility. Every business wants to be “innovative.” But it takes more than new ideas or… Read more »

Leave a comment

3 Key Elements That Will Help Governments Achieve Clean Energy Targets

It is projected that total grid transmission and distribution investment in the US will need to reach $900 billion by 2030 to meet forecast electricity demand. In Europe, some €400… Read more »

Leave a comment

The Secret to Agile and Efficient Innovation

I am responsible for driving the research and development (R&D) agenda for a €27 billion global specialist in energy management and automation. My key challenge is to find the most… Read more »

Leave a comment

How to Get Your Factory Floor Innovation Idea Approved (and Funded) by Your CEO

Plant managers often struggle to convince CEOs across the industry to fund innovation projects. Most struggle to connect their proposal to business value. Other C-Level executives I talk to also… Read more »

1 Comment