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GE Predix Industrial Analytics Software

  • Massachusetts, USA
  • 1892
  • More than $100 BN
BFSI, Education, Manufacturing, Media and Entertainment, Travel and Hospitality, Retail and Consumer Goods, Healthcare and Life Sciences, Transportation and Logistics, Energy and Utilities, IT and Telecom, Government and Public Sector
Europe, Middle East and Africa, Asia-Pacific, Latin America, North America
Company Overview
Predix enables businesses to integrate applications with the right machines at the right time, and estimate the future. Thus, businesses can plan production in a more conversant and data-driven way against a whole fleet of machinery, and manage capacity planning and job scheduling, which increases their ROI. GE also provides data science services to strengthen its analytics services portfolio. This solution offers flexible, rapid engagement packages to facilitate customers in analyzing data, setting analytic objectives, and developing customer analytics that can be deployed on Predix Platform.

General Electric registers its presence in the industrial analytics market with its cloud-based Predix platform, which serves the digital industrial businesses. GE Predix Industrial Analytics provides users with actionable insights into assets and operations, which help them create new business opportunities. In addition, the Predix platform helps businesses to connect industrial equipment, analyze data, and provide them with real-time insights. Furthermore, the company provides Predix-based industrial applications, which help businesses to understand the root cause of any problem related to machinery, which has occurred during the production cycle. Predix platform when applied to real-time Industrial Internet data helps in streamimg, detecting anomalies, triaging critical events, directing prescriptive controls, signaling predictive maintenance alerts.

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GE Presence in Industrial Analytics Software
General Electric is a frontrunner in the industrial analytics market. The company has a physical presence in all the regions, including the US, Europe, Asia, MEA, and Americas. In addition, it has a global presence across 180 countries via clients, subsidiaries, and partners. The company has been investing heavily in Research and Development (R&D) activities to strengthen its capabilities in its core business. For instance, in 2016, General Electric invested 4.4% of its total revenue on R&D. The company strengthened its product portfolio by pursuing organic growth strategies, such as new product launches and product upgradations. General Electric introduced various products and made innovations in industrial analytics. For instance, in August 2015, the company came up with a new cloud-based solution to serve industrial data and analytics customers. The solution, named as Predix cloud, a Platform-as-a-Service (PaaS) designed to analyze the machine data generated in a secure industrial environment. This has bolstered the company’s position as one of the industry’s chief players in industrial analytics. Further, as a part of the inorganic strategy, GE has made various partnerships, collaborations, and acquisitions. For instance, in November 2016, it partnered with SAP SE to integrate the SAP HANA Cloud platform and GE’s Predix operating system. In addition, both the companies are collaborating on joint customers of oil and gas industry.
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