GE Unveils Predix Cloud for Industrial Data and Analytics
Designed to manage and analyze machine data for industrial users, the new Predix Cloud from GE will enable "the next phase of growth for the industrial Internet," the company said today. By improving the ability to use machine data faster and more efficiently, industrial firms could save billions of dollars annually, GE said.
GE described Predix Cloud as the "world's first and only cloud solution designed specifically for industrial data and analytics." In addition to providing asset connectivity and support for machine data, the new offering will also feature industrial-grade security and compliance support, the company said. A GE spokesperson told us the company plans to spend $500 million a year on software, which includes spending on Predix Cloud.
The Industrial Internet of Things (IoT) could help generate $14.2 trillion in global productivity improvements by 2030, according to recent research from the consulting firm Accenture. However, a vast majority of companies -- 73 percent -- have yet to develop concrete plans for using such IoT technologies, the study added.
Unlocking an 'Industrial App Economy'
"A cloud built exclusively to capture and analyze machine data will make unforeseen problems and missed opportunities increasingly a complication of the past," said Harel Kodesh, vice president and general manager of Predix at GE Software. Predix Cloud will help users to "unlock an industrial app economy that delivers more value to machines, fleets and factories," he added.
"Cloud computing has enabled incredible innovation across the consumer world," noted GE CEO Jeffrey Immelt. A more digital manufacturing process could produce more products faster, while oil companies that take advantage of the industrial IoT could better manage their assets and see "more productivity at every well," he said.
GE said it "purpose-built" Predix Cloud from the ground up but also allows customers to run it on other cloud fabrics if needed. The offering uses Cloud Foundry from Pivotal to support application development, deployment and operations.
Commercially Available in 2016
Predix Cloud is being rolled out first to GE's own businesses, which are expected to migrate their software and analytics to the platform during the fourth quarter of this year. The offering is set to become commercially available to customers sometime in 2016, GE said.
Designed specifically to store, analyze and manage machine data in real time, Predix Cloud will be able to handle a wide variety of machine data from many different types of industrial users, according to GE. It could be applied to analysis of data from thousands of sensors on a locomotive, for example, or large-object data from a 3D image taken by an MRI in a hospital.
Predix Cloud is also designed to address more than 60 areas of regulatory concern for industrial users, which will enable support for national data sovereignty and also help reduce compliance costs, according to the company. The platform uses a "gated community" model that limits users to those in the industrial ecosystem, GE added.