Nexans – Digital Transformation Strategies

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Published: June 28, 2024 Report Code: GDDT0836ES-ST

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Nexans Digital Transformation Strategies Report Overview

Nexans has been focusing on using AI, machine learning, big data, IoT, digital twins, 3D printing, cloud, data centers, cybersecurity, and electric vehicles to digitally transform its operations. The annual ICT spending of Nexans was estimated at $378.0 million for 2023. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Nexans is a French company engaged in the design and manufacturing of cable systems that are required for the transmission of electricity generated by renewable sources, distribution of electricity to businesses and communities, interconnection of grids, and distribution of power to homes. The company also provides associated services. Nexans has five business segments namely Generation & Transmission, Distribution, Usage, Non-Electrification, and Other Activities. The Generation & Transmission segment offers high voltage (HV) and extra high voltage (EHV) cables that can transmit power from various renewable energy plants, including wind power, photovoltaic, and power plants, to end-users. It also deploys land and subsea cables across the world. The Distribution segment offers HV and EHV cables that transmit power safely with limited losses. The Usage segment offers low-voltage cables that connect distribution networks to power outlets in industrial, commercial, and residential buildings. The Other Activities segment provides solutions for original equipment manufacturers (OEMs) automation companies and construction firms.

The Nexans digital transformation strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, investments, acquisitions, and ICT spending among others.

Total ICT Spending 2023 $378.0 million
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and Service Desk
ICT Spend by Channel Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators
External ICT Spend by Segment Software (including cloud SaaS), Hardware (including cloud IaaS), ICT services, Consulting, Network and communications, and Others
Technology Theme Focus AI, machine learning, big data, IoT, digital twins, 3D printing, cloud, data centers, cybersecurity, and electric vehicles.
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Digital Transformation Strategies

Nexans’ Industry 4.0 strategy aims to use all of a production plant’s data and settings to manage the plant in real-time and enhance performance across various levels such as operator security, elimination of non-value-added tasks, energy consumption, and supply chain operations.

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Nexans Technology Theme Focus

Nexans is leveraging several emerging technologies, including AI, machine learning, big data, IoT, digital twins, 3D printing, cloud, data centers, cybersecurity, and electric vehicles to develop innovative, technologically advanced products and services, ensure continuous production, optimize plant operations, and achieve sustainability goals.

Nexans Technology Focus

Nexans Technology Focus

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Nexans Technology Initiatives

Nexans has been involved in several strategic technology partnerships and collaborations, technology developments and rollouts, investments, and acquisitions over the last few years. For instance, in 2021, Nexans Canada launched the Connected Drum IoT service. It allows Nexans’ customers to locate cable reels and calculate the residual cable lengths on cable reels. The service enables Nexans’ customers to detect theft and wastage of cables. It also alerts customers when reels are delivered and picked up from their sites.

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Nexans ICT Spend by Function

  • Datacenter
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • ICT Service desk

Nexans ICT Spend by Function, 2023 (%)

Nexans ICT Spend by Function, 2023 (%)

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Nexans ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Nexans ICT Spend by Channel, 2023 (%)

Nexans ICT Spend by Channel, 2023 (%)

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Nexans External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud IaaS)
  • ICT services
  • Consulting
  • Network and communications
  • Others

Nexans External ICT Spend by Segment, 2023 (%)

Nexans External ICT Spend by Segment, 2023 (%)

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Scope

This report provides:

  • Insight into Nexans’ technology activities.

  • Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.

  • Insights on each technology initiative including technology theme, objective, and benefits.

  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insights into Nexans’ technology operations.

  • Gain insights into its technology strategies and innovation initiatives.

  • Gain insights into its technology themes under focus.

  • Gain insights into its various partnerships, technology introductions, and acquisitions.

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Table of Contents

Overview                                                                                              

– Brief information about the company, its business divisions, and its financials

Digital Transformation Strategy                                                      

– A summary of key digital strategies/implementation efforts of the company

Accelerators, Incubators, and Other Innovation Programs

– Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation

Technology Focus                                                                               

– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company

 

Technology Initiatives                                                                       

–  Brief discussion about all the technology introductions & partnerships the company has entered

Investments

– Brief discussion about the investments by the company

Acquisitions                                                                                        

– Brief discussion about the acquisitions by the company

Partnership & Acquisition Network Map                                 

– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years

ICT Budget and Contracts                                                                 

– The company’s ICT budget segregated into hardware, software, and managed IT services

Key Executives                                                                                     

– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers

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