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G.E. Plans Big Entry into IoT, Providing Analytics and Predictive Rules

G.E. Plans App Store for Gears of Industry

The investment of $500 million annually signals the importance of the so-called Internet of Things to the future of manufacturing.

G.E. expects revenue of $6 billion from software in 2015, a 50 percent increase in one year. Much of this is from a pattern-finding system called Predix.  G.E. calls its new service the Predix Cloud, and hopes it will be used by both customers and competitors, along with independent software developers. “We can take sensor data from anybody, though it’s optimized for our own products,” Mr. Ruh said.

[Competitive solutions from IBM, Microsoft, and Google] raises the stakes for G.E. “It’s a whole new competition for them,” said Yefim Natis, a senior analyst with Gartner. “To run businesses in a modern way you have to be analytic and predictive.”

G.E. is running the Predix Cloud on a combination of G.E. computers, the vast computing resources of Amazon Web Services, and a few [local] providers, like China Telecom.

China, along with countries like Germany, [are] sensitive about moving its data offshore, or even holding information on computers in the United States.  
The practice of “Ring fencing”  data exists in dozens of jurisdictions globally.  Ring fencing of data may be a legal and/or regulatory issue, that may inhibit the global growth of cloud services moving forward.

Source: G.E. Plans App Store for Gears of Industry

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