GE partners with AT&T, Cisco, Intel for 'Industrial Internet'
REUTERS - General Electric Co (GE.N) announced partnerships with AT&T Inc (T.N), Cisco Systems Inc (CSCO.O) and Intel Corp (INTC.O) to expand its 'Industrial Internet' service that allows its customers to analyze data and predict outcomes.
The service helps customers analyze industrial 'big data'- data so large that it is difficult to process using traditional database and software. This would help customers minimize downtime, increase productivity, lower fuel costs and reduce emissions.
By connecting machines to the network and the cloud, workers can track, monitor, and operate GE's machinery wirelessly from anywhere through secure and machine-to-machine communications, GE Software's Corporate Officer Bill Ruh said.
GE has existing partnerships with Amazon's (AMZN.O) Amazon Web Services, Accenture Plc (ACN.N), and Pivotal to support the service.
GE said the ten "predictivity" products it launched last year have contributed revenue of $290 million so far this year.
The company said it has 14 new customers for the 14 products launched on Wednesday.
According to technology research group Wikibon, industrial data is expected to grow at two times the rate of any other big data segment over the next decade. (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Don Sebastian)
- Tweet this
- Share this
- Digg this
- UPDATE 1-Boehner erupts at conservative groups ahead of U.S. budget vote
- Republican feud boils over in U.S. budget deal fight
- UPDATE 2-Hawaii official who released Obama birth certificate dies in plane crash
- US STOCKS-Wall St drops on taper anxiety; Facebook rallies
- UPDATE 2-Bank of Canada sees rates on hold 'quite some time'
Photo-sharing service Instagram unveiled a new feature on Thursday to let people send images and messages privately, as the Facebook-owned company seeks to bolster its appeal among younger consumers who are increasingly using mobile messaging applications. Full Article
China official says has "substantial" price-fixing evidence against Qualcomm - media. Full Article