Summary

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.

Gartner names GE Digital in its 2018 APM Market Guide

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.

A critical investment for asset-intensive industries

Preventative maintenance with APM from GE Digital

Asset performance management systems help organizations achieve higher levels of operational reliability, safety and efficiency. Interest in APM is being accelerated by the realization that a key use case of the industrial Internet of Things (IIoT) is equipment reliability, which is a fundamental capability of APM. APM deployments can deliver measurable improvements in availability, as well as reduce maintenance and inventory carrying costs.

Read this report to learn how GE Digital delivers on all four of the critical capabilities needed to support an Asset Performance Management (APM) strategy.

READ THE REPORT

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About the author

Bill Ruh

Chief Digital Officer, GE and CEO, GE Digital

Bill Ruh is the chief executive officer for GE Digital as well as the senior vice president and chief digital officer (CDO) for GE. Bill is responsible for global IT as well as creating GE’s Digital Thread, a next-generation system for streamlining design, manufacturing, and support processes. He joined GE in 2011 to establish its Industrial Internet strategy and to lead the convergence of the physical and digital worlds within GE globally. Previously, Bill was vice president at Cisco, where he held global responsibility for developing advanced services and solutions. A 30-year veteran of the software and Internet industries, he has held executive management positions at Software AG, Inc., The Advisory Board, The MITRE Corporation, and Concept 5 Technologies. He earned bachelor’s and master’s degrees in computer science from California State University, Fullerton.

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