Transforming GE through Industrial Internet
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Introduction
In August 2014, New York-based industrial conglomerate, General Electric (GE), in collaboration with San Francisco-based software lab Pivotal Software Inc. (Pivotal), developed a “data lake” for the Industrial Internet to better store, access, and analyze industry-sized Big Data . According to GE, the data lake had the ability to analyze data 2000 times faster than previous Industrial Internet methods.
Also, it would help major industrial corporations spend less money and time on supervising rigorous processes and focus more on turning data into actionable insight for increasing productivity of operations and optimization of assets. The industrial data lake developed by software elements from Pivotal was integrated with GE’s software platform for the Industrial Internet, Predix . GE planned to use the Industrial Internet data lake to manage and analyze full flight data from its industrial customers comprising many of the world’s largest airlines. The data lake approach was also expected to serve industrial customers such as airports, railroads, hospitals, and utilities.
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GE’s foray into the Internet of Things (IoT) could be traced back to 2011 when the industrial equipment company set up a software center at San Ramon, California, at an investment of US$ 1.5 billion. The center focused on building digital capabilities and new business models as part of its Industrial Internet initiative. In essence, GE would add networking and distributed intelligence capabilities to all its machines ranging from industrial and grid control systems to aircraft engines. The data derived could be analyzed to increase efficiency since each and every aspect of an industrial operation could be monitored and tweaked for optimal performance, thus reducing down-time and enhancing productivity across all the verticals the industrial giant served.
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