Minds + Machines
Pushing the Boundaries of Minds + Machines
The world is on the threshold of a new era of innovation and change with the rise of the Industrial Internet. It is taking place through the convergence of the global industrial system with the power of advanced computing, analytics, low-cost sensing and new levels of connectivity permitted by the Internet. The deeper meshing of the digital world with the world of machines holds the potential to bring about profound transformation to global industry, and in turn to many aspects of daily life, including the way many of us do our jobs. These innovations promise to bring greater speed and efficiency to industries as diverse as aviation, rail transportation, power generation, oil and gas development, and health care delivery. It holds the promise of stronger economic growth, better and more jobs and rising living standards, whether in the US or in China, in a megacity in Africa or in a rural area in Kazakhstan.
With better health outcomes at lower cost, substantial savings in fuel and energy, and better performing and longer-lived physical assets, the Industrial Internet will deliver new efficiency gains, accelerating productivity growth the way that the Industrial Revolution and the Internet Revolution did. And increased productivity means faster improvement in income and living standards. In the US, if the Industrial Internet could boost annual productivity growth by 1-1.5 percentage points, bringing it back to its Internet Revolution peaks, then over the next twenty years through the power of compounding it could raise average incomes by an impressive 25-40 percent of today’s level over and above the current trend. And as innovation spreads globally, if the rest of the world could secure half of the US productivity gains, the Industrial Internet could add a sizable $10-15 trillion to global GDP – the size of today’s U.S. economy – over the same horizon. In today’s challenging economic environment, securing even part of these productivity gains could bring great benefits at both the individual and economy-wide level.
The Brilliant Machines Are Coming
See the latest commercials on why the world's most brilliant machines want to work at GE.
