GEC NEWS WIRETapping a US$225B market opportunity, GE Digital drives more than 25 percent YoY revenue growth with Predix-based operations, asset performance management (APM) capabilities
With its total portfolio of software and solutions set to deliver more than US$5 billion in revenue this year with US$6 billion in orders, GE has introduced new products and partnerships. By 2020, it expects more than US$15 billion in software and solutions, driven by Predix scale and internal productivity. Among these are, Launch of Predix.io – a dedicated cloud environment for app developers; Launch of Brilliant Factory offers GE’s proven digital manufacturing capabilities to other companies; Launch of the Digital Power Plant; Predix Accelerator program expands ecosystem; new or expanded partnerships with Accenture, Boeing, Cisco, Genpact, Infosys, Intel and PTC continue to grow Industrial Internet etc.
a “GE is leading the transformation as it merges the physical and digital worlds of machines and software. We built the world’s first industrial-strength platform to enable developers to create apps that will deliver more value and superior outcomes for GE and our customers,” said Jeff Immelt, Chairman and CEO of GE
“Digital technologies and open source software have transformed the consumer space in radical ways, but industry has been slow to adopt these new innovations,” said Bill Ruh, Chief Digital Officer of GE. “Now is the time to capitalize on the extraordinary opportunity to transform the industrial landscape by leveraging Predix to collectively build apps, which will reveal exponentially greater value than what we have seen in the consumer space.”
