Learn what industry analysts are saying about GE Digital. Tap into their perspectives on key trends, what to watch for and what’s coming. Learn how GE Digital is putting industrial data to work.Read LNS blog on CEO Pat Byrne's first 10 months
Improvement in industrial operations is centered at the asset level. Learn what analysts say about GE Digital's approach to asset performance management.
When it comes to APM technology, several vendors offer functionality across multiple usage scenarios, but the reality is that more doesn’t always mean better. In fact, only two such scenarios are essential to APM: asset health monitoring and asset failure prediction. It’s here that GE Digital really rises above the rest, based on our detailed benchmark analysis they were the only APM vendor to receive a perfect score in both areas. But these aren’t the only areas in which GE Digital sets the bar high. They also received market-leading scores for integration with industrial systems, inspection planning and solution architecture (assessed in terms of the range of deployment options, the consistency of the code base and the quality of integrated workflow).
[GE Digital also] made significant improvements to its Asset Performance Management platform (including cloud-enabled Predix APM and the on-premise version, APM Classic). LNS has long considered GE Digital the granddaddy of APM, well-aligned with our definition of APM 4.0 and vision for what we call ‘closing the reliability loop,’ whereby one moves from prescriptive to prognostic capabilities, and eventually to a learning asset management system. GE Digital is not sitting on its laurels and we would encourage existing and potential users to get an update on these developments.GE Digital also “made significant improvements to its Asset Performance Management platform (including cloud-enabled Predix APM and the on-premise version, APM Classic). LNS has long considered GE Digital the granddaddy of APM, well-aligned with our definition of APM 4.0 and vision for what we call ‘closing the reliability loop,’ whereby one moves from prescriptive to prognostic capabilities, and eventually to a learning asset management system. GE Digital is not sitting on its laurels and we would encourage existing and potential users to get an update on these developments.
Many vendors claim they have APM but actually have only asset analytics with no direct diagnostics capabilities. Integration with critical plant management solutions, like EAM, enables true APM companies to bring together data from all equipment and OEMs across the plant and the fleet to eliminate data silos and facilitate reliability improvements, optimize O&M spend and quantify risk reduction.
The rise of digital economies and societies presents great opportunities and challenges to manufacturers. According to IDC's Worldwide Smart Manufacturing 2019 predictions, 80% of manufacturers will need to extensively restructure their operations, placing data at the center of their processes to increase speed, agility, efficiency, and innovation.
In early 2019, the Saudi Industrial Property Authority (MODON) and GE Digital launched the National Productivity Program (NPP) to help 100 selected factories located in MODON industrial cities with their digital transformation (DX) journeys. Read how GE Digital's solutions are maximizing overall equipment effectiveness (OEE), improving production scheduling, ensuring product quality, reducing work-in-process (WIP) and streamlining the overall supply chain.
GE Digital announced enhancements across its software portfolio that help make it easier for its customers to operate plants, analyze industrial data, and optimize operations more effectively.
The product updates include:
“The ability to measure the value of aligning manufacturing KPIs – such as OEE – greatly enhances the justification for software investments. By giving manufacturers a comprehensive view of closed-loop processes across scheduling, execution and performance management, GE Digital’s Plant Applications 8.0 enables real-time KPIs, such as OEE, to be measured, providing the clear evidence of software ROI in a very short period of time.” Craig Resnick, ARC Advisory Group
Developed in collaboration with one of the largest U.S. petroleum refiners, Compliance Management is an enhancement of GE Digital’s inspection data management capabilities, an integrated component of the APM Integrity solution.
Proficy Historian collects and distributes data that helps to improve asset lifecycle and performance, and it is also a data collector suited for cloud and on-premise based Asset Performance Management and Grid Optimization solutions in the power generation, transmission and oil & gas sectors.
GE Digital has expanded its asset performance management (APM) portfolio by acquiring the oil and gas APM services teams from GE’s oilfield services subsidiary Baker Hughes.
In recent years, the term digital twins has been in the limelight, creating a buzz across all industries. At the ARC Industry Forum in Orlando, ARC’s Greg Gorbach, an industry leader in digitalization and IoT, and Chad Stoecker, Global Vice President of Industrial Managed Services for GE Digital, discussed defining the digital twin. This blog captures some of the salient points and quotes of their conversation. The interview can be viewed in entirety here and/or on YouTube.