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General Electric: An industrial giant learning to live in a small world

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After years of rebranding itself as a “digital” company, General Electric is returning to being a plain old $100-billion industrial giant that builds aircraft engines and equipment for the energy industry.

According to the New York Times, GE spent “several billion dollars” building its digital business, with former CEO Geoff Immelt telling the Harvard Business Review that the company “put about $4 billion into developing analytics software and machine learning capabilities”.

The idea seemed to have been, and still may be, to provide the equivalent of an operating system for machinery and equipment which are connected to the industrial internet of things, and, in the process, become one of the top 10 software companies in the world. [Read more…] about General Electric: An industrial giant learning to live in a small world

General Electric puts Predix IIoT platform and its digital business up for sale

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General Electric is looking to sell its digital business, according to a report in the Wall Street Journal. 

The sale would include Predix, GE Digital’s industrial internet of things platform.

Predix was claimed to be the first IIoT platform when it was launched a couple of years ago, and GE Digital was said to be generating approximately $4 billion a year in revenues at some point.  [Read more…] about General Electric puts Predix IIoT platform and its digital business up for sale

GE Digital expands industrial internet partnership with Microsoft

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GE Digital has expanded its industrial internet partnership with Microsoft, according to Reuters. 

The two companies had already been working together on further developing GE Digital’s Predix platform.

Manufacturers tend to connect sensors to their machines and then connect the sensors to Predix.  [Read more…] about GE Digital expands industrial internet partnership with Microsoft

Apple and General Electric to bring Predix industrial apps to iPhone and iPad

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General Electric has reached a partnership agreement with Apple to develop industrial apps for iOS devices – iPhone and iPad, according to a report on 9to5Mac.com. 

The website says Apple has been “looking to the enterprise sector as a key market for growing iPad sales which have slipped in recent years”.

Apple and GE said they will deliver “powerful industrial apps designed to bring predictive data and analytics from Predix, GE’s industrial internet of things platform, to iPhone and iPad”.  [Read more…] about Apple and General Electric to bring Predix industrial apps to iPhone and iPad

General Electric deepening its interest in the software business

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General Electric claims it was the first company to have launched an industrial internet of things platform when it released Predix last year.

The company’s software business unit, GE Digital, has been generating revenues of more than $4 billion a year, and looks like it’s strongly influencing the future direction of the overall business.

Another of the big ideas at GE is the “Brilliant Factory” concept, which is essentially the digitalisation of anything and everything that can be digitised in a manufacturing or industrial process.  [Read more…] about General Electric deepening its interest in the software business

GE Digital to switch to Amazon and Microsoft instead of building its own data centres

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General Electric’s digital business unit became one of the world’s largest software companies by offering an internet of things platform for industrial operations. 

GE Digital’s Predix software platform enabled machines in factories to send data through the sensors attached to them to the associated computer interfaces.

GE claims to be the first company to have done this, and it has made huge amounts of money doing so.  [Read more…] about GE Digital to switch to Amazon and Microsoft instead of building its own data centres

GE Digital launches new version of manufacturing execution system

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GE Digital has launched the latest version of its manufacturing execution system software, Production Manager.

The company says the new version of Production Manager addresses important issues where existing plant floor IT systems are inconsistent across plants and, therefore, managers can’t re-use configurations, leverage expertise, or lower overall MES costs.

The software completely digitizes paper-based processes so companies can increase production output per person, reduce reporting and administration, decrease defects and material required, and ensure up-to-date routes and work instructions.  [Read more…] about GE Digital launches new version of manufacturing execution system

Opinion: Digitalization, big data, artificial intelligence, agility… what really creates value for industrial companies?

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By Vincent Champain, GE Digital

For years industrial companies have been looking for opportunities to enhance the operational efficiency of their assets and processes.

Unsurprisingly, new technologies and agile working have opened a new world of possibilities to the manufacturing sector.

In recent years, new technologies, such as big data and artificial intelligence, have considerably impacted the way industrial companies operate, leading to an increasing number of players in the industry embracing the trend of digitalization.  [Read more…] about Opinion: Digitalization, big data, artificial intelligence, agility… what really creates value for industrial companies?