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Understanding General Electric'sThe Internet of Things StoryIn
10 Slides Image source: Cisco.
In 2014, 58% of GE's operating profit came from industrial
activities. The company anticipates this figure will rise to 90% in
2018.Image source: Pexels.
Infographic source: LTC Commission report pg 23
GE recently completed the sale of its appliances division to
Haier, and is also divesting from its financial services business.
The company is now primarily focused on industrial, and IoT plays a
huge role in the new direction.
Image source: GE.
Infographic source: LTC Commission report pg 23
The company is integrating sensors in aviation, transportation,
manufacturing, healthcare, and energy production businesses and
creating software to analyze the resulting data.
Image source: GE.
Infographic source: LTC Commission report pg 23
GE recorded $6 billion in revenue from its software and
analytics offerings in 2015, but it's aiming to become a top-10
software company and achieve $15 billion in sales in 2020.
Image source: GE.
Infographic source: LTC Commission report pg 23
Image source: GE.GE's Predix platform is at the center of many
of its Industrial IoT ventures and provides a cloud operating
system, security, and manufacturing analytics. It also functions as
a store for industrial apps.
GE is building its Industrial IoT resources internally and
through acquisitions, most recently purchasing ServiceMax for $915
million in order to integrate the company's field service
management software with Predix.
Image source: GE.Infographic source: LTC Commission report pg
23
Image source: Pexels.
GE's Brilliant Manufacturing software runs on Predix and
delivers predictive and real-time analytics for factory management.
The company is integrating the software into its own factories and
selling it for use by other manufacturers. Infographic source: LTC
Commission report pg 23
Big efficiency improvements aren't needed to create big value GE
calls this the power of one percent. GE expects that a 1%
efficiency increase would save the oil and gas industry $90 billion
over a 15 year period.
Image source: GE.Image source: GE.Infographic source: LTC
Commission report pg 23
Image source: GE.2016 will see GE increase its machines and
materials connectivity by 400% compared to the previous year.
The company anticipates that Industrial IoT will add between $10
trillion and $15 trillion to global GDP by 2030.
Infographic source: LTC Commission report pg 23
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