GE will invest $105 million in the cloud-based software applications company Pivotal. The strategic investment in the VMware and EMC spin-off will allow GE to speed up development of advanced analytic services for the Industrial Internet.
The apps will allow customers to analyze and understand big data generated by machines and stored in the cloud. “It’s no secret that the cloud and big data are driving dramatic business transformation,” said Bill Ruh who leads GE Global Software Center in San Ramon, California. “They are enabling the Industrial Internet.”
Ever since Samuel Hopkins received the first U.S. patent for making potash in 1790, inventors and companies have used patents as shield and sword to protect their ideas. Not anymore. Channeling the lean startup vibe, GE has invited innovators to turn swords into gadgets.
Why do some flights arrive early while others touch down hours late? It’s a riddle that consumes frequent flyers and airlines alike. It can result in headaches and missed connections, not to mention the millions in losses each year when a plane is not in the right place at the right time. GE and partners Alaska Airlines and Kaggle decided to find out, and opened the question to hundreds of data wizards from around the world.
A new generation of jet engines, locomotives, MRIs and other big machines loaded with sensors generating gigabytes of data and linked in networks will become more efficient to operate, easier to deploy, and more accessible to innovators, according a new report on the industrial internet published by O’Reilly Media and sponsored by GE. “The barriers between software and the physical world are falling,” the report says. “It’s becoming easier to connect big machines to networks, to harvest data from them, and control them remotely.”
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The Industrial Revolution radically changed the way we use energy and make things. The Internet Revolution altered how we communicate, consume information, and spend money. A combination of these two transformations, called the Industrial Internet, now links networks, data and machines. It promises to remake global industry, boost productivity, and launch an entirely new age of prosperity and robust growth.