This post orginally appeared on LinkedIn.
At GE Digital, we are uniquely positioned to bring the Industrial IoT to life. By focusing on two industrial application categories – Asset Performance Management (APM) and Field Service Management (FSM) – we are enabling digital transformation for GE Digital’s customers today. By combining our advanced APM offering with ServiceMax’s leading FSM capabilities, we are helping customers unlock new levels of asset productivity and move to a predictive, end-to-end service model.
Our vision for powering industrial companies with intelligent asset strategies has been recognized by one of the industry’s leading analyst firms. The 2018 Gartner Market Guide for Asset Performance Management recently acknowledged GE Digital as a representative Asset Performance Management (APM) vendor.
GE Digital’s APM offering provides the capabilities required to support APM across all four categories assessed: predictive asset management, conditioned based management (CBM), reliability-centered maintenance (RCM) and asset risk management.
We believe this signals the value of bringing field service and APM technologies together and further illustrates the rapid evolution of our Predix portfolio.
Reaching this status marks a significant milestone for GE Digital and demonstrates the value of unifying our offering with the Meridium acquisition. I’m proud of our employees for building the leading industrial application portfolio – one purpose built to help industrials solve their most pressing challenges: reducing costs, increasing machine reliability and driving efficiency across the enterprise.
Industrial apps: Creating the intelligent systems of tomorrow
Industrial machines collect an enormous amount of data over their lifecycle – data critical to business operations. Companies need to be able to tap into insights from that data across all industrial equipment – whether that’s an entire power plant, the electrical grid or an oil platform.
Our integrated solution automatically collects and analyzes data coming from thousands of sensors around a wind farm or a factory; helping industrials make the move beyond traditional monitoring to advanced predictive maintenance and management.
For example, SIG, which provides packaging systems for the food and beverage industry, produces more than 33 billion carton packs annually for its customers. By deploying the powerful combination of Predix APM and Predix ServiceMax applications across more than 400 customer factories, SIG is helping customers transform how they predict, manage and service product filling lines. Tapping into billions of data points across its global operations in real time, SIG and its customers are moving beyond traditional asset monitoring and predictive service models to reimagine the entire supply chain, enhance quality control and evolve their portfolio mix.
Similarly, Gerdau – the largest producer of long steel in the Americas – spends hundreds of millions of dollars annually in maintenance. By implementing a comprehensive suite of GE Digital solutions – including Predix APM, Gerdau is remotely monitoring 600 assets across 11 plants to provide actionable warnings of impending equipment failure. In the first six months, the solution enabled the Gerdau team to prevent 130 hours of downtime in one plant, avoiding over $1.5 million dollars in unplanned costs.
These examples showcase why industrial applications are so important to successfully optimizing asset performance. By using advanced analytics to turn data into actionable insights, while fostering collaboration across the organization, we believe that Predix APM and our entire GE Digital suite of solutions are delivering on the promise of the IIoT.
And I’m delighted that our customers agree.