GE to open up innovative Predix Industrial Internet platform for all users to help create industry apps
GE (NYSE: GE) is bringing cutting edge innovative technologies to the Middle East, North Africa and Turkey (MENAT) markets as well as in Pakistan through the launch of its software platform Predix that powers the Industrial Internet. To be made available to all users in 2015, Predix enables them to create and deploy their own customized industry apps at speed and scale to better manage the performance of their assets.
The launch of Predix closely follows the unveiling by GE of ‘The Future of Work in MENAT,’ a roadmap to unlock the true growth potential of the region by redefining economies of scale, creating new jobs for youth, reshaping supply chains, promoting small and medium enterprises and accelerating the pace of innovation.
A key pillar in ‘The Future of Work’ is the Industrial Internet – the merger of cloud-based analytics (big data and industrial machinery (big iron) to boost efficiency. Globally, GE is now on track to deliver more than $1bn in incremental revenue this year from 40 Industrial Internet offerings, with $1.3bn in orders, helping customers improve asset performance management (APM) and business operations across the company.
GE’s ‘Future of Work’ approach of leveraging the power of Industrial Internet, Advanced Manufacturing (through techniques like 3D printing) and the Global Brain (the collective intelligence of human beings integrated by digital communication networks) is an ideal fit to the aspirations of business leaders in the region, reflected in the findings of the 2014 ‘Global Innovation Barometer’ survey.
In key findings, for example, compared to a global average of only 52%, over 78% business executives in the UAE observe that the nation is currently in a new Industrial Revolution era defined by Industrial Internet, the meeting of hardware and software.
“The tools are in place to realize the potential of the Industrial Internet to increase productivity for our customers and for GE,” said Jeff Immelt, Chairman & CEO of GE. “The more we can connect, monitor and manage the world’s machines, the more insight and visibility we can give our customers to reduce unplanned downtime and increase predictability. By opening up Predix to the world, companies of any size and in any industry can benefit from the investments GE has made by eliminating the barrier to entry,” he added.
Nabil Habayeb, GE’s President & CEO for the Middle East, North Africa and Turkey, added: “The launch of our Industrial Internet offerings reflect the fundamental shifts occurring in the regions’ business sector. Across our geographic footprint, our customers and partners are increasingly drawing on the power of innovation and digital technologies to maximize their operational efficiency. Our Industrial Internet offerings will be the game-changer for the region as they enable businesses to make the right decisions at the right time to keep assets safe, help them run better, consume less fuel, receive service more efficiently and minimize unplanned downtime.”
To help businesses accelerate the adoption of Industrial Internet solutions, GE also announced a new APM tool that helps customers assess their current operations and identify the assets and processes that would benefit the most from increased connectivity, data analysis, and optimization.
Rania Rostom, GE’s Chief Innovation Officer, GE MENAT, added: “Businesses in the region are open to a wave of innovation led by collaboration and co-creation. Industrial Internet technologies are the future and present a win-win situation for all; for us, it enables us to provide optimal solutions for our partners, and they in turn benefit from the increased operational efficiency and potentially reduced costs. It also supports the region in creating a thriving local supply chain and business ecosystem, which is powered by the innovative initiatives of small and medium enterprises sector, which too can leverage the Industrial Internet offerings.”
GE also launched the Predix App Factory, an advanced methodology for rapidly prototyping, validating, and developing Industrial Internet applications that shortens typical development cycles from months to weeks. GE pioneered this collaborative approach with customers to drive innovation at scale, bringing together experts from user experience and design, data science, machine connectivity, and agile software development.
GE is using the App Factory process at its state-of-the-art Design Center in San Ramon, California to develop new solutions that lead to better customer outcomes. For example, GE Aviation created an industry app allowing airline and plane operators to blend current information with advanced analytics to actively monitor 30,000 jet engines for real-time detection and response to issues.
To expand the Industrial Internet ecosystem, GE has launched new and expanded alliances, and technology innovations to make it possible for operators to collect more data, generate more insights from a growing number of “Predix-ready” machines and devices connected to the Industrial Internet.