New business dynamics offer chances for innovation

New business dynamics like these are impacting us, as well as our customers. But they also offer an opportunity to challenge the status quo.

In 2021, we passed some important technology and innovation milestones, including the launch of Schindler PORT 4D, the latest iteration to Schindler’s leading transit management solution, optimizing travel times via a proprietary smartphone app and reducing the energy consumption of an elevator group by up to 40%. In addition, we have expanded our CoLab Interface to integrate extended functionality, such as face recognition and robotics. This solution will go some way toward making the passenger journey much more seamless, while helping architects to breathe new and greener life into buildings.

New business dynamics offer an opportunity to challenge the status quo.

We launched our Schindler Ahead Digital Media Services, turning elevators into full-fledged communication platforms, turning the back of the elevator cabin, its exterior doors, and side wall into a multimedia experience.

In 2021, we passed some important technology and innovation mile­stones.

And we continued to deploy our pioneering Schindler Robotic Installation System for Elevators (Schindler R.I.S.E) in new geographies, despite global construction site delays. Schindler R.I.S.E, the first fully autonomous self-climbing robot, performed elevator installation on building sites globally, including at the Uptown Tower in Dubai, as well as the Xujiahui Center in Shanghai, speeding up the construction process while advancing safety.

We also set course for becoming future-­ready even faster. In 2021, we launched the Top Speed 23 program to accelerate digitalization, boost product innovation, and close profitability gaps. We plan to invest additional up to CHF 270 million by 2023 to digitalize the entire value chain of our products, increase the number of connected units in our entire service portfolio, based on integrated digital services and adaptive maintenance, while further advancing the sustainability of our portfolio.