General Electric and Oracle have formed a strategic partnership focused on building what the companies claim will be a “first of its kind platform” for companies to “digitally connect every industrial asset in the world”.
Through this collaboration, GE Digital and Oracle will develop and integrate complementary solutions across their product portfolios.
GE Digital says its Predix offering “combines cutting-edge technology and decades of industry experience into a Platform-as-a-Service (PaaS) targeted to securely ingest machine-grade data at scale and analyzes it to deliver outcomes – fast”.
GE says the Predix platform is purpose-built for developing, deploying, operating and monetizing industrial internet applications.
Oracle’s enterprise solutions – including its Oracle Cloud Platform, Oracle cloud applications and enterprise resource planning and supply chain management applications – can use the information from industrial internet devices to “help automate and optimize business processes, enable better asset visibility, more efficient supply chains, intelligent manufacturing, predictive maintenance and service, and improve logistics and transportation efficiency”.
GE’s operational technology and Oracle’s enterprise solutions are intended to integrate into one optimized view for customers, allowing for end-to-end insight from customer assets in the field and on the factory floor, to the front and back office to the boardroom.
With these integrated solutions, customers “can connect any machine or sensor to any other machine or business application to also create disruptive and innovative products and services”, says GE, adding that customers “will leverage these solutions to maximize the benefits of the convergence of operational technologies with information technologies in driving business outcomes such as operational efficiencies, cost to quality reduction and enhanced customer experiences”.
Thomas Kurian, president of product development, Oracle, says: “GE and Oracle, two industry powerhouses, share a vision for growing the digital industrial ecosystem and providing customers with the easiest path to transformation.
“GE’s Industrial Internet platform sets the standard for the industry and we are committed to developing joint solutions that leverage Oracle’s enterprise expertise in analytics and business applications to deliver digitally- enabled business process innovation for industrial companies.”
GE Digital and Oracle will bring their large partner ecosystems together to train, certify and implement powered by Predix solutions with Oracle’s Cloud offerings, technology software and business applications.
Bill Ruh, CEO for GE Digital, says: “We are building an ecosystem with world-class partners who share our belief that customers benefit at the intersection of information technology and operations technology.
“Oracle has become a market leader in cloud-based enterprise software and we are co-developing solutions on Predix that will leverage this intersection to provide our customers with new insights that were not possible before.”