GE bets big on Big Data: 14 new apps that connect data to decisions
GE says new apps aim to gain minimal unplanned downtime, increased productivity, preventive maintenance, lower fuel costs and reduced emissions
CHICAGO—GE announced 14 new Industrial Internet Predictivity technologies that the company claims will enable global industries to achieve outcomes such as minimal unplanned downtime, increased productivity, preventive maintenance, lower fuel costs and reduced emissions.
GE’s solutions will be powered by Predix, a first-of-its-kind industrial strength platform that provides a standard and secure way to connect machines, industrial big data and people. GE is also expanding its ecosystem to include AT&T, Cisco and Intel, which will boost wired and wireless machine connectivity.
“Industrial data is not only big, it’s the most critical and complex type of big data. Our greatest challenge and opportunity is to manage and analyze this data in a highly secure way to deliver better outcomes for customers and society,” said Jeff Immelt, GE chairman and CEO. “We are developing more predictive solutions and equipping our products with sensors that constantly measure performance so our customers see major productivity gains and minimize no unplanned downtime. Observing, predicting and changing this performance is how the Industrial Internet will help airlines, railroads and power plants operate at peak efficiency.”
In the last year, customers have seen improved outcomes across the board. For St. Luke’s Medical Center, which is using GE software to manage and analyze patient and equipment data, this means a 51 minute reduction in bed turnaround time and reduced patient wait times. Gol Airlines is using software to better track, analyze and adapt its flight routes and fuel consumption and predicts it will save $90 million over the next five years.
For the first ten products launched in the last year, revenues are $290 million year-to-date, with orders of $400 million. New Predictivity products launched today that target industrial applications include:
- The Drilling iBox System (Oil & Gas)
- ReliabilityMax (Oil & Gas)
- Field360 (Oil & Gas)
- System 1 Evolution (Oil & Gas)
- LifeMax* Advantage (Power & Water)
- PowerUp (Power & Water)
- Rail Connect 360 Monitoring and Diagnostics (Transportation)
- Non-destructive Testing Remote Collaboration (Oil & Gas)
- Grid IQ Insight (Energy Management)
- Proficy MaxxMine (Energy Management)
- Flight Efficiency Services (Aviation)
- ShipperConnect (Transportation)