GE's IoT Plan For China

by Jon Markman, Jun. 30, 2016 – 

General Electric announced a partnership with China's Huawei recently as it continues to build out its Internet of Things ecosystem.

The Internet of Things is a natural fit for GE. As the world's largest maker of jet engines, diesel trains and other large industrial goods, finding ways to make things cheaper is in its DNA. Sensors and big data analytics software is just the logical next step. So in 2013 GE unveile a productivity software platform called Predix in conjunction with Amazon Web Services, Accenture and EMC. The goal was to bring penny pinching predictive data analytics to the industrial sector at scale.

Luckily, it had a willing guinea pig: itself. Since 2013 Predix has had a profound impact on its own production lines. In 2015 GE was able to save $500 million. And the company's Chief Digital Officer, Bill Ruh, is expecting savings of better than $1 billion by 2020.

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