2016 Internet Of Things 50: 5 Coolest Vendors With Industrial IoT Solutions

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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.

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