Schneider's $3.1B Cognite Deal: Industrial AI's Data War
Schneider Electric's $3.1 billion acquisition of Cognite — the largest Norwegian software exit ever — signals that industrial AI is won at the data layer, not the model layer. With 85% of industrial AI projects failing due to data quality and 68% of manufacturers stuck in pilot purgatory, the deal reshapes the competitive landscape for Siemens, Honeywell, and every enterprise running physical operations.
July 12, 2026