GE has a new CEO coming soon. Jeff Imelt led the industrial push that led to Predix and Industrial Internet of Things, services based upon data, predictive maintenance. He spurred development of GE Digital and the transformation into a software company (check out the TV ads).
The company has announced some extensions to Predix. But we need to wonder where the new CEO will take the company. One software entrepreneur I know unleashed on the company in a LinkedIn post hoping that the new guy would trash Predix and build “something better.” We’ll have to wait and see, of course.
First a little context for one of the announcements.
The facility electrical engineer and I were speculating on an idea of linking measurement of electricity usage at perhaps the bus level for different areas of the plant with machine performance. Perhaps he could detect a machine problem through electrical changes. That was somewhere around 1993.
I quoted something, but we never did it.
Here are the high points of the announcements:
- GE Digital announces integration of ServiceMax field service management solution and Asset Performance Management portfolio to transform service operations, reduce cost and eliminate unplanned downtime
- GE Ventures launches Avitas Systems, a new venture that will transform inspection services with advanced robotics, data analytics and artificial intelligence
- GE Power releases Predix-powered ‘Digital Utility’ to connect real-time machine and operations data with energy trading to drive more profitable utilities businesses
The asset optimization organizations within a plant have a variety of new tools to take them beyond maintenance into an enhanced role. Growth of the Internet of Things and analytics capabilities especially leading into predictive and eventually prescriptive strategies are the keys to the future.