- By Alexandra Levit
- 1 minute Read
Company | Profile
In early 2016, CEO Jeff Immelt announced the company would be moving its headquarters to Boston--home of MIT and a thriving startup scene. Part of GE's initiatives include taking steps to harness the breadth of machines GE already manufactures, attaching sensors to them, and mining data that's already accessible. (Immelt uses trains as an example: 300 sensors could yield a terabyte of data on emissions and fuel efficiency, where even a small percentage increase could result in huge gains.) GE also created its own company around its industrial Internet: Current, a commitment to energy serving its industrial customers through hardware and cloud software that already has more than $1 billion in revenue.
GE's industrial cloud platform called Predix has grown into a $5 billion business with $6 billion in additional orders expected in 2016. The company rolled out the platform much like a tech company, introducing Predix.io--its Platform as a Service (PaaS) offering, which enables companies to build their own custom applications on top of Predix. The program has about 4,000 developers today, and GE is hoping for 20,000 in 2016.
And products like Brilliant Factory and Digital Power Plant are designed to drive more efficiencies in factories and power plants by using big data to help save money. GE says that it's been able to get 20% more electricity from wind turbine farms using its Digital Power Plant tools. Brilliant Factories does something similar for factories, using data to help get maximum usage out of machines. Now GE is making those tools available for customers, while also beefing up its proprietary Wurldtech security product to protect more than 4,000 gas, steam, wind, and aero derivative turbines from cyberattack.
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Unlimited paid time off for 30,000 senior employees, affinity networks
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