A connected device or machine becomes something entirely new. Think of the multiple roles that smartphones play in our everyday lives; or how cars are turning into communication and navigation platforms with an increasing degree of autonomy. The same revolution is underway in industry.
The team can gain such insights because of Predix, a powerful new software platform developed by GE specifically to connect people, data and machines over the Industrial Internet.
Whatever your industry, you may have invested in Big Data in the hopes it will increase your efficiency and save you money. Perhaps you have a vision of a self-optimizing plant that gets smarter over time, gives you end-to-end visibility and saves you millions. But the results haven’t materialized, and you’re still looking for a way to turn that data into dollars.
Nobody wants to be late. But at a busy airline hub like Atlanta or Chicago, even a brief delay in aircraft arrival can result in missed connections and cascade into a major inconvenience. The Bureau of Transportation Statistics reported that this year alone, more than 750,000 flights operated by U.S. carriers arrived late and over 25 percent of flights were delayed by 15 minutes or more or cancelled. The estimated economic costs of these delays, both for airlines and for passengers, are in the billions.
When the power goes out, electricity providers are often left in the dark along with their customers. That status quo is what’s keeping Naresh Acharya up at night. He is now planning to use some of the world’s most powerful supercomputers to help keep the lights on, while also allowing wind farms to produce more electricity and making the electrical grid more efficient.
“Right now, the power grid isn’t transparent,” Acharya says. “Grid operators don’t always see when something happens. We want to help them maximize the use of their assets in real time.”
Clean tech is increasingly about IT-enabled distributed and fully integrated energy systems that have the potential to transform lives around the world — as well as the prosperity and productivity of countries across the globe.