Top Executive: Jeffrey Immelt, Chairman, CEO
GE, which is moving its headquarters to Boston, is doubling down on asset performance management through its cloud-based industrial analytics platform, Predix Cloud.
The platform is designed specifically for industrial data and analytics as a Platform-as-a-Service. GE has said the platform enables operators to use machine data faster and more efficiently, which will save companies billions of dollars annually.
GE last year also unveiled plans to build a new energy business, Current, using the Internet of Things to bring together its LED, solar, energy storage and electric vehicle business onto Predix. Using the aggregated data and analysis, GE will give recommendations on how to reduce power levels, generate power on-site and create new revenue streams through offerings such as sensors and networked systems in buildings.