The next industrial revolution is here, its big iron plus big data, hardware and software, minds and machines. The most profound convergence of industry and technology that will build opportunities and productivity.
Intelligence and connectivity that will add about $15 trillion dollars to global GDP by 2030.
By creating lots of little efficiencies that create fuel savings, better scheduling, reductions in delays and cancellations, more efficient maintenance. It all adds up.
Just a 1% improvement in aircraft engine maintenance efficiency can reduce costs by $250 million dollars annually.
Just a 1% reduction in operating ratio could result in $600 million dollar a year savings for North American railroads.
Just a 1% fuel savings in power generation could add more than $4 billion dollars annually to the global economy.
It’s now a faster, safer, cleaner, more productive world. And it will be greater then what we’ve ever done before. The Industrial Internet is here.